ATDMoney Salaried Loan app

ATD Money is a personal loan app designed specifically for salaried individuals. Unlike traditional lenders, ATD Money does not build databases or lend directly to customers. Instead, it acts as a Fintech company, facilitating loans through its RBI-registered NBFC partner, ATD Financial Services Pvt Ltd. This partnership ensures that loans are provided as per the terms and conditions agreed upon between the NBFC and the customer.

Quick Loan Features:

• Loan Amount: ₹3,000 to ₹50,000
• Repayment Period: 91 to 365 days (subject to the risk profile of the customer and company policy)
• Transfer Time: Funds are transferred to your bank account within 10 minutes through our NBFC partner

Interest Rate and Charges:

• Interest Rate: 0.067% per day
• Documentation Fees: 3.5% to 7.5% (exclusive of GST)
• Processing Fees: 3.5% to 7.5% (exclusive of GST)

Note: Charges (excluding interest) vary based on the customer's risk profile, past relationship, prompt repayment of earlier loans, and strong income eligibility background.

Example:

• Loan Amount: ₹3,000
• Repayment Period: 91 days
• Interest Payable: ₹182.91
• Documentation and Processing Fees: ₹247.80 (inclusive of 18% GST of ₹37.80)
• Net Disbursement Amount: ₹2,752.20
• Total Amount Payable: ₹3,182.91

No Prepayment Charges

ATD Money does not charge any prepayment fees. However, if customers delay their scheduled repayment, a penalty is applied. All fees and charges are clearly communicated to customers through the agreement shared on their registered email IDs.

Key Features:

• Target Audience: Salaried individuals, especially low salary earners
• Instant Personal Loan: Up to ₹50,000
• Quick Disbursement: Amount transferred to your bank account within minutes (existing users) or up to 30 minutes (first-time applicants)
• Flexible Tenure: Up to 365 days (subject to risk profile and company policy)
• No Extra Charges: Transparent fee structure
• Max APR: 45.85%

Benefits and Risks:

• Higher Loan Amounts and Tenures: Access to higher amounts and longer tenures as you repay on time.
• Credit Score Impact: Your payment behavior is shared with credit rating agencies, which can affect your credit score.

Eligibility Criteria:

• Must be an Indian citizen
• Salaried individuals only
• Minimum age: 18 years
• Minimum salary: ₹18,000 per month

Why Choose ATD Money?

• Experience: Over 25,000 mini loans disbursed to date
• No CIBIL Score Needed: Low interest rates, no PDC/NACH required, only E-Mandate
• Instant Approval and Quick Disbursement: Fast processing and fund transfer
• Inclusivity: Caters to the retail and salaried sector, offering easy loan access

Required Documents:

To apply for an instant personal loan, submit the following documents:

1. Photograph
2. PAN Card (as ID Proof)
3. Aadhar Card (as Address Proof)
4. Bank Statement
5. Salary Slip
6. VCIP (Video Customer Identification Process)

How to Get Started:

1. Install the ATD Money App: Download from the Play Store
2. Create Your Profile: Register and create your profile
3. Upload Details and Documents: Provide the required information and submit your application
4. Approval Status: Receive approval status within 3 minutes
5. E-sign the Loan Agreement: Sign the agreement electronically
6. Fund Transfer: Loan amount will be transferred to your bank account within 10 minutes after e-signing

Security and Protection of Privacy:

All transactions on ATD Money are secured via 4096-bit SSL encryption. Data security and privacy are top priorities, and all data is transferred over secure connections. ATD Money adheres to mandated security standards and robust protocols, ensuring your data is safe and not shared with third parties without your consent.