MoneyLoji

Are you in search of an unsecured personal loan? Look no further! MoneyLoji is here to meet your credit needs with a 100% digital process, offering loans of up to ₹1 Lakh through RBI-registered NBFCs. With the best personal loan app in India, you can check your loan eligibility instantly, know your credit score, and enjoy a seamless borrowing experience.

Loan Details and Rates

Loan Amount:

• ₹10,000 to ₹50,000

Interest Rates:

• 1% to 2.5% per month

Annual Percentage Rate (APY):

• Up to 36%

Processing Fees:

• Minimum ₹499 + GST to Maximum ₹799 + GST

Tenure:

• 62 days to 12 months

Penalty Charges:

• 0.6% per day of the overdue EMI
• Bounce Charges: ₹750 to ₹1,000 on non-repayment of EMIs

Example Product: Salary Advance Loan

• Loan Amount: ₹30,000
• Tenure: 180 days (6 months)
• Interest Rate: 0.15% per day (54% on reducing principal balance)
• Processing Fees (including GST): ₹943
• EMI: ₹5,816
• Total Interest Payable: ₹4,898 (calculated as ₹5,816 * 6 - ₹30,000)
• Disbursed Amount: ₹29,057 (₹30,000 - ₹943)
• Total Amount Payable: ₹34,898 (₹5,816 * 6)
• Total Cost of the Loan: ₹5,841 (Interest Amount + Processing Fees)

Why Choose MoneyLoji?

• Interest rates starting at 1.49% per month!
• Instant eligibility check for your loan.
• Loans up to ₹1 Lakh available.
• Loans provided through RBI-registered NBFCs only.
• Instant bank transfer within 30 minutes upon loan approval.
• Minimal documents required.

Partner NBFCs:

• Ganesh Leasfin Private Limited
• Transactree Technologies Pvt Ltd
• Charm Investments Private Limited

Loan agreements will be in the name of one of these lenders, with MoneyLoji acting as a technology facilitator.

Eligibility Criteria

To qualify for a loan, you need to meet the following criteria:

• Minimum Credit Score: 600
• Employment: Salaried professionals with a minimum salary of ₹20,000 per month
• Financial Health: Healthy FOIR (Fixed Obligations to Income Ratio) / positive monthly eligibility
• Documents: Valid PAN Card, Aadhaar Card, photo and address proof, latest bank statement (last 3 months), latest salary slip or offer letter
• Location: Should not be in a negative pin code list

How to Apply?

1. Download the MoneyLoji App: Available on your mobile app store.
2. Fill in Your Profile: Provide basic profile and employment details.
3. Upload Required Documents: Submit the necessary documents and details.
4. Sign the Loan Agreement Online: Complete the digital signing process.
5. Provide References/Guarantor: Offer two references or one guarantor.
6. Complete eNACH/e-Mandate Registration: Authorize the electronic process.
7. Loan Disbursement: Receive your loan within 30 minutes of approval.

App Features

• Instant Eligibility Check
• Fast Online Application
• Free Credit Score
• EMI Calculator
• Refer & Earn Program

Loan Products

1. Salary Advance Loan:
   • Amount: ₹10,000 to ₹50,000
   • Processing Fees: ₹499 + GST
   • Tenure: 62 days to 6 months
   • APY: Up to 36% depending on risk profile
   • Operational States: Chandigarh, Delhi, Goa, Haryana, Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Pondicherry, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand
2. Jumbo Loan:
   • Amount: ₹50,000 to ₹1,00,000
   • Processing Fees: ₹799 + GST
   • Tenure: 6 to 12 months
   • APY: Up to 36% depending on risk profile
   • Operational States: Chandigarh, Delhi, Goa, Haryana, Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Pondicherry, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand

With MoneyLoji, you can access a wide range of personal loan options tailored to meet your financial needs. Download the app today and take advantage of instant loans, flexible repayment options, and minimal documentation requirements. Take control of your finances with MoneyLoji!