Mini Loans app is awesome and here is why;
Mini Loans Terms and Fees:
Loan Amounts: 100 USD – 500 USD
Monthly facilitation fee: 9% – 25%
APR: 20% – 30%
For example, for a 65-days loan with a principal amount of USD 100 the facilitation fee would be USD 25 and the total payable amount would be USD 125
The minimum repayment period is 90 days while the maximum repayment period is 120 days, with a Minimum Annual Percentage Rate (APR) is 27%
Easy Loan does not charge more than the amount of the facilitation fee (plus a one-time late fee if you do not pay after the loan repayment grace period). The loan amount does not compound or accrue.
Sample of Loans :
Loan Amount 100 USD
Interest Calculation – (100 * 25 ) / 100 = 125
Expected Payback amount For 65 days – 100 USD + 25 USD = 125 USD
Monthly Payment – 62.50 USD
you can get Instant Loans and Personal Loans.
Get a loan in 3 Easy Steps.
Why Mini Loans:
Mini Loans app is offering the best offers from over 60 Banks, Loan Agents & NBFCs.
Mini Loans App provides Instant E Approval from multiple banks & financiers available in the market digitally.
Mini Loans is an Android-based application that helps to make finance available at the fingertips of every earning individual in India.
We started with the aim of making the complete loan process as easy as possible so that every individual can have access to credit easily. Mini Loans is one of the major digital lending platforms in the country which uses technology and analytics tools for analyzing and processing customers’ loan applications so that we can help our customers to get money with minimum documents in their account in as less as 48 hours.
How does it work? (Easy steps to process)
1. Install the mobile app from the Google Play store and register by entering your details.
2. Apply for Personal Loan, Business Loan, Home Loan, Education Loan, and Car Loan
3. Complete your Loan Application & Check your status instantly
4. Our Registered agents will contact you for further processing of your loan request.
5. Compare best offers from various agents, banks & NBFCs
We believe the way we have used our technology will help everyone to meet their financial requirements in just one click. Being a Fast Cash Company we have provided a single platform where the customer will get access to all kinds of loan products and have multiple options to opt-in.
With Mini Loans, customers can check their eligibility for multiple banks and also apply for that bank instantly with the help of our associate partners. We found that maximum loan applications get rejected as a borrower has inadequate knowledge of his eligibility for a bank. So we made it easy for the customer by asking our associates to contact the customer instantly to guide them with the steps.
The only vision of Mini Loans is to provide the loan to every customer approaching it, either through our lending or from other financial institutions where ever he is eligible. To make this possible we are utilizing technology which is providing a simple and great experience to our customers.
Please let us know if you have problems when using Mini Loans app by sending us an email Email address: [email protected]: We will respond ASAP.
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