CheckLoan app Instant Loan

CheckLoan app Instant Loan

CheckLoan - Instant Loan is the most famous version in the CheckLoan - Instant Loan series of publisher Ankur infotech

Additional Information

Ankur infotech
Android 5.0 and up
Android Android 5.0 and up Finance
February 24, 2022
( 523 ratings )
Price: $0

CheckLoan - Instant Loan poster

Checkloan app is Calculate monthly payment EMI, Total Interest, and Total Payment (Principal + Interest)

CheckLoan EMI Calculator

– Easy and fast way to calculate your Loan EMI
– Easy option available to compare between two loans
– Representation of payment split up in the table form
– Calculate EMI on a monthly basis
– Maintain history of different loans and view them at any time


● Calculate Car Loan EMI
● Calculate Personal Loan EMI
● Calculate Home Loan EMI
● Calculate Business Loan EMI
● Calculate Education Loan EMI
● Calculate Instant Loan EMI
–> It’s quick – Get the loan in a few hours
–> Apply for a personal loan of up to ? 5 Lakh
–> Personalize your loan amount and payback period through the app
–> Completely paperless process – Apply for a personal loan through the app and pay back through the app
–> No document pickup required for personal loan approval – completely app-based
–> Backed by excellent customer service
• Loan Amounts: ₹1,000 to ₹50,000
• One-time Processing Fee: 15% of the approved loan amount
• APR:12 – 30% per annum
• Applicable Tax (GST): 18% of the Processing Fee
• Minimum repayment period offered = 91 days
• Maximum repayment period offered = 180 days

Example CheckLoan

For a borrower who takes a ₹1,000 loan for our 91-day term, the following would apply:
• Processing Fee: ₹150
• GST on Processing Fee: ₹150 * 18% = ₹27
• Loan Disbursement Amount (after deducting processing fee and GST): ₹822
• Total interest payable: ₹1000 * 36% * 90/365 = ₹61
• Repayment Amount (Loan Amount + Interest): ₹1061
For eg., for a loan of Rs. 50,000 with an APR of 18% and 24-month tenure total interest & fees will be Rs.11,679.
Is my data safe with Checkloan?
Yes, your data is safe with us. It is transferred over a secure connection and we do not share it with anyone without your consent.

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