LoanSathi-Personal loan

LoanSathi is a dedicated personal installment loan application and credit platform designed exclusively for Indian citizens. With LoanSathi, you can easily apply for a personal loan online and withdraw up to ₹50,000 directly into your bank account.

About LoanSathi

Maximum Loan Amount: Up to ₹50,000

Platform Review Time: Ranges from 2 minutes to 30 minutes, depending on the specifics of the review

Loan Period: 91 days to 365 days, with a maximum repayment period of 12 installments

Annual Interest Rate: Between 10% and 26%

Advantages of LoanSathi Products

Simple Loan Review Process: Easy and straightforward application process.

Lower Interest Rates: Competitive rates compared to other products in the market.

No Collateral Required: You do not need to mortgage any items.

Fast Platform Review: Quick approval process.

Documents Required for a Loan

Aadhaar Card

PAN Card

Eligibility to Use LoanSathi

To qualify for a loan from LoanSathi, you must meet the following criteria:

Residency: Must be an Indian resident over the age of 18.

Identification: Must have valid and unexpired Aadhaar and PAN cards.

Employment: Must have a stable job with a fixed monthly income.

How to Get a Loan in Just Four Steps

Download LoanSathi: Install the app from the Google Play Store.

Register with Your Mobile Number: Complete the registration process.

Fill in Application Materials: Provide the necessary information.

Upload Aadhaar and PAN Card: Perform face verification.

Submit Loan Application: Await approval.

Loan Fee Calculation Example

For example, if you take a loan of ₹10,000 with an annual interest rate of 21% for a loan period of 91 days, repaid over 3 installments:

First Repayment Period (30 days): ₹3,505.93

Second Repayment Period (30 days): ₹3,505.93

Third Repayment Period (31 days): ₹3,511.68

Total Repayment Amount: ₹10,523.54 Total Interest: ₹10,000 * 21% / 365 * 91 = ₹523.56

Safety and Security

At LoanSathi, we prioritize the security of your data. We use encryption to protect the information you provide to us. LoanSathi values user privacy and promises never to share your information with third parties without your consent. For more information, please review our privacy policy.

Conclusion

LoanSathi offers a simple, secure, and fast way to access personal loans tailored to meet your financial needs. Download the LoanSathi app today and take control of your financial future with ease and confidence.