RIYA

Personal Loan Interest rate starting from 10.50%.

EMI Calculator

₹20,000
₹30,00,000
3 months
96 months
10.50%
30%
You will pay EMI of only, 0/- per month
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Benefits of Personal Loans

1. Flexibility- Unlike secured Loans, personal loans can be used for a variety of purposes like Debt Consolidation , Home Improvements, Medical Expenses &Travel Expenses:

2. Quick Access to Funds- Personal loans are often processed quickly, allowing borrowers to access funds within a short time frame, sometimes as little as 24 hours. This speed can be crucial in emergencies, such as unexpected medical expenses or urgent home repairs.

3. Fixed Interest Rates- Personal loans come with fixed interest rates, providing predictable monthly payments. This stability makes it easier for borrowers to budget and plan their finances over the loan term.

4. Improving Credit Score-Taking out a personal loan and making timely payments can positively impact your credit score. This can help establish or improve your credit history, making it easier to qualify for future loans or credit cards at better interest rates.

5. Lower Interest Rates Compared to Credit Cards- Personal loans typically have lower interest rates than credit cards. For borrowers looking to consolidate credit card debt, a personal loan can be a cost-effective solution, reducing the amount paid in interest over time.

Avail Personal Loan from Speed Finance with Lowest Interest Rates. It's quick and simple: Just chat with your Loan Assistant Riya right here , answer some simple questions & get Wonderful offers on Personal loan.
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How Speed Finance Personal Loan App Can Change Your Life ?

Use Speed Finance 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.

About Us

Speed Finance brand is 100% owned by EarnWealth Solutions Pvt Ltd. Incorporated in 2014, we are a leading Distributor of financial products in India. We are an online platform that provides customers with financial products and services such as personal loans, unsecured loans, installment loans and credit cards. We connect borrowers with lenders to help them get the best deal possible. We also provide value-added services to our customers such as big-data analytics, credit risk assessment and verification, and automated work-flows for loan origination and management. We have partnered with RBI Approved Banks & NBFCs to distribute various types of loans. We are not a NBFC, we do not do any co-lending / FLDG based lending ourselves. We don’t do any sort of collections / recovery of loans we distribute.

Our endeavour is to democratise financial products & make it easily accessible to every Indian. We are a 100% Indian company & we do not have any branches outside India. We have designed various paid services that our customer can choose. It helps our customers to understand about their credit worthiness, credit history & ways to improve their Credit Score so that they remain credit healthy.

Interest rates range from 10.50% - 30% with equivalent monthly interest rate of 0.88% - 2.50% 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.

Loans range from ₹20,000 to ₹30,00,000
Tenure: 90+ days to 96 months. Interest rates range from 10.50% - 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

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