Onstream Loan

Onstream Loan stands out as a premier instant personal loan platform, constantly optimizing and improving its functions to provide users with superior performance and trustworthy loan services. With Onstream Loan, you can enjoy high loan quotas that grow as your credit score improves, ensuring that you have access to the funds you need, when you need them.

Loan Amount and Tenure

• Loan Amount: ₹3,000 to ₹2,00,000
• Loan Tenure: 91 days to 180 days

Onstream Loan offers flexible loan amounts and tenures, allowing you to tailor your borrowing to your specific financial needs.

Key Characteristics of Onstream Loan

1. Loan Amount Range: ₹3,000 to ₹2,00,000
2. Repayment Periods: 91 days to 180 days
3. Annual Percentage Rate (APR): 3.5% to 12% per annum
4. Processing Fees: Range from 2.5% to 5% (with 18% GST applied)
5. Late Fees: Up to 0.1% daily late fees for late payments, capped at 18% of the principal amount overdue
6. No Hidden Fees: Enjoy the peace of mind that comes with a transparent loan process

Example Calculation:

For instance, let's consider a loan amount of ₹3,000 at an APR of 12% per annum with a tenure of 91 days:

• Interest Calculation:

Interest=₹3,000×12%/365×91=₹90\text{Interest} = ₹3,000 \times 12\% / 365 \times 91 = ₹90

• Processing Fee Calculation:

Processing Fee=₹3,000×3%=₹90\text{Processing Fee} = ₹3,000 \times 3\% = ₹90

• Total Cost of the Loan:

₹90(Interest)+₹90(ProcessingFee)=₹180₹90 (Interest) + ₹90 (Processing Fee) = ₹180

• Total Loan Amount to Repay:

₹3,000+₹180=₹3,180₹3,000 + ₹180 = ₹3,180

• Monthly Repayments:

Monthly Repayment=₹3,180/3=₹1,060\text{Monthly Repayment} = ₹3,180 / 3 = ₹1,060

Loan Requirements

To qualify for a loan through Onstream Loan, you must meet the following criteria:

1. Indian Resident: Must be a citizen of India.
2. Bank Account: Must have a valid bank account.
3. Age: Must be above 18 years old.
4. Valid Documentation: Must provide necessary identification documents.
5. Monthly Income: Must have a regular source of monthly income.

Why Choose Onstream Loan?

1. Simple to Use: The app is designed for easy navigation and user-friendly experience.
2. No Bank Credit Card Required: Access loans without needing a credit card.
3. 24/7 Access: Apply for and manage your loans anytime, anywhere.
4. High Loan Approval Rate: Benefit from a high rate of loan approvals.
5. Quick Personal Loan Approvals: Enjoy fast processing and approval of personal loans.

How Onstream Loan Works

1. Download the App: Install the Onstream Loan app from the Google Play Store.
2. Register: Create an account using your mobile number.
3. Submit Loan Information: Fill out the application with your personal and financial details.
4. Upload Documents: Provide the necessary identification documents for verification.
5. E-Sign the Agreement: Complete the application by electronically signing the loan agreement.
6. Receive Funds: Once approved, the loan amount is credited to your bank account.

Conclusion

Onstream Loan is your reliable partner for instant personal loans. With its competitive interest rates, flexible repayment options, and user-friendly digital platform, Onstream Loan ensures that you can access the funds you need quickly and securely. Whether you require a small loan for an emergency or a larger amount for significant financial needs, Onstream Loan provides the financial support you need. Download the Onstream Loan app today and experience hassle-free borrowing with confidence.