Your Loan Application Journey
How SpeedFinance Personal Loan App Can Change Your Life ?
Use SpeedFinance anytime anywhere to fulfil your needs ! Whether it's for wedding expenses, education fees, medical emergencies, a vacation, or a little indulgence; we’ve got your back.
Home Renovation Loan
Debt Consolidation Loan
A faster way to understand and correct the points, loan providers are looking.
- Loan Rejection Reason
- Free Credit Report
- Free Credit Counselling
- Debt Restructuring Recommendations
- Referral Earning Opportunities
- Future Loan Prospects
- All these at
Rs. 590 /-just Rs. 120/-
Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low risk customers 0% - 3% of the principal, for very high-risk customers 2.5% - 7%*. *The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers. Penalty is charged only when someone delays their scheduled payment.
The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 0%-36%, medium risk customers is 18%-39%, high risk customers is 24%-42% and very high-risk customers is 24%-70%.
Loans range from ₹3,000 to ₹500,000
Tenure: 90+ days to 24 months. Interest rates range from 0%-30% per annum depending on the product availed.
Personal Loan For Salaried example:
- Loan amount: Rs. 50,000
- Tenure: 12 months
- Interest Rate: 20% per annum
- Processing Fee: Rs. 1,250 (2.5%)
- New customer onboarding Fee: Rs. 200
- GST on Processing and Onboarding Fees: Rs. 261
- Total Interest: Rs. 5,581
- EMI: Rs. 4,632
- APR: 23.2%
- Loan amount is Rs. 50,000. Disbursed amount is Rs. 48,289. Total loan repayment amount is Rs. 55,581