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Aadhar Loan 5 Minutes Guide

RasenApps
Free
5+ downloads

About Aadhar Loan 5 Minutes Guide

The Aadhar Loan 5 Minutes Guide App offers a swift, secure, and dependable mobile banking experience for Android users to get Personal Loan. The Aadhar Loan 5 Minutes Guide app provides a comprehensive guide to acquiring instant loans, covering various types such as home, education, car, business, gold, and bike loans.

Specifically tailored for salaried individuals earning a minimum of Rs.2,000 monthly, the Aadhar Loan 5 Minutes Guide App is a hassle-free solution for short-term loans ranging from Rs.25,000 to Rs.500,000. This application streamlines the loan process for various job profiles, including software engineers, accountants, retail employees, nurses, and more.

Through this user-friendly platform, users can receive approval for Personal loans of up to ₹1,00,000 within minutes. The Aadhar Loan 5 Minutes Guide features empower users with information on how to secure a loan online with minimal documentation. The convenience of this app is that it facilitates instant loans through direct cash transfers to bank accounts.

Key Features of The Aadhar Loan 5 Minutes Guide App:

Personal Loan amounts ranging from ₹1,000 to ₹700,000, depending on submitted documents.
Flexible loan terms, ranging from 61 days to 6 years.
Repayment periods varying from 3 to 24 months.
Annual Percentage Rate (APR) ranging from 3.5% to 12%.
Processing fees between 2.5% to 5%, with an 18% GST charge.
A daily late payment fee, capped at 18% of the overdue principal amount.
Transparent loan structures with no hidden fees.
This Personal Loan App Guide provides users with clear interest calculations. For instance, if a loan of ₹10,000 is borrowed with an APR of 20% and a service fee of 10% over 91 days, the total payable amount on the due date is ₹11,498.6.

An illustrative example showcases a credit of ₹2,000 at a 12% APR over 61 days. The interest amounts to ₹40, while a processing fee of ₹71 (inclusive of ₹27 GST) is applied. The total cost of the loan is ₹111, resulting in a disbursed amount of ₹1,889 and a total repayment of ₹2,040, with monthly repayments of ₹1020.

Eligibility criteria encompass Indian residency, an age of 21 years or above, and a consistent monthly income source.

Disclaimer: Aadhar Loan 5 Minutes Guide App is not an official government/UIDAI scheme application and is not affiliated with any governmental body. Users are advised not to share sensitive information such as Aadhar Numbers or Mobile Numbers in the comments. For official information or complaints about schemes, users are encouraged to visit the concerned department's official website.

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