Ultra Short Term Loan
The objective is to extend unsecured loan facilities to fulfil immediate financial requirements which can be repaid within a shorter period of time , thereby saving interest for the borrower
| Lending Model | Individual Loan |
| Loan Amount | UptoRs. 1,00,000 |
| Tenure | Rate of Interest (Fixed Interest Method) |
| 2 Month Loan – with 2 EMI | Flat 4% |
| 2 Month Loan – with 1 EMI | Flat 5% |
| 1 Month Loan | Flat 2% |
| 15 Days Loan | Flat 1.5% |
| 1 Week Loan | Flat 1% |
| Processing Fee | Flat 2.36% (incl 18% GST) |
Eligibility
The borrower should be an Indian resident and citizen with age between 21 to 60
The borrower should not have any outstanding loans from any other lender
Loan repayment obligation of borrower should not exceed 50% of monthly household income
Loan is given to a borrower having annual household Income uptoRs 3,00,000/-.
All the loans are mandatorily to be verified by Credit bureau before disbursement.
Terms & Conditions
Processing fee charged at the time of disbursement, will be reduced from loan amount
Minimum Loan period is 3 months, before which repayment cannot be made.
After 3 Months, prepayment of loan is allowed without penalty
Loan is without collateral.
Loan amount has to be used only for business purpose
FAQ
What Legal papers needed for opening insurance policy?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family
How EFT is used for your premium payment method?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family
What is the age limit for elderly care policy?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family
How to claim a policy amount from you?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family