Sabka Loan’s online personal loans are a fast, convenient, and affordable source of financing that help borrowers achieve their goals and overcome financial obstacles. By providing flexible and accessible access to funds, Sabka Loan empowers its borrowers to manage unexpected expenses, seize opportunities, and enjoy stress-free moments that might otherwise be difficult to attain. With a focus on delivering value and meeting diverse needs, Sabka Loan's range of personal loans are designed to make life easier and more enjoyable for its borrowers, providing the financial tools they need to live their best lives.
Key Features and Benefits:
For Rs 25000/- borrowed for 12 months, with annual interest rate (APR) of 30%, borrower would pay:
Processing Fees = 5%
Interest = Rs 7,500/-
Total amount to repay at the end of tenure = Rs 32,500/-
NACH bounce charges = Rs 500/-
Delay Payment charges = 36%*
* This fee is ONLY applicable when borrowers repay bill overdue. For example, if you have Rs 10,000/- overdue of principal, then customer to pay additional Rs 300/- for one month of delay in repayment of loan.
The annual interest rates and processing fees varies according to the risk profile of customers.
Eligibility
The following criteria need to be met for smooth and successful disbursal of the loan
Should be Indian Citizens
Must be salaried professionals
Must have a monthly take home salary of atleast INR 25,000/-
Should have a regular credit of salary to a bank account
Age should be within 21 to 55 years
Loans upto 80% of your salary
Documents
Provide the following KYC documents for evaluation of your loan-worthiness
PAN Card
Salary Slips (Last 3 months)
Salary Account Bank Statement (3/6 months)
Address Proof