Enhanced User Experience
1) Quick Loan Approval
2) No Documentation Work
3) Transparent Processing and No Hidden Charges
4) Higher Loan Amount
5) Low interest rates
6) Loan Approved and Processed within 10 Minutes
Loan can be used for
1) Bike Loan
2) Salary Advance
3) Debt Consolidation
4) Emergency Loan
5) Marriage Loan
6) Cash Advance
7) Two Wheeler Loan
More than 200,000 happy users.
Loan Product Illustration
We offer loans ranging from ₹2,500 to ₹100,000 with payment tenures ranging from 3 months to 12 months. FriendLoan charges processing fee while disbursing the loan which is ₹500 or 2% of principal whichever is higher. Interest rates range from 10%-29% annually.
Penalty is charged only on EMI paid after scheduled due date.
The APR for our personal loan product varies between 24% to 34%.
In addition to it, GST will be applicable only on the fee components as per Indian laws.
Sample Loan Calculation
Loan amount: ₹ 30,000 at interest rate of 30.42% p.a.
Loan Duration: 3 Months
Total personal loan interest = ₹ 2,250
Processing fees (PF) + GST = ₹ 500 + ₹ 90 = ₹ 590
Total Deductibles (PF + GST): ₹ 590
In-Hand Amount: Loan Amount - Total Deductibles = ₹ 30,000 - 590 = ₹ 29,410
Total repayable Amount(Loan Amount + Interest): ₹ 32,250
Monthly EMI Repayable(Loan Amount + Interest / No of EMI’s): ₹ 10,750
PF + GST are deducted upfront during the loan disbursal.
Data Security via Secure Loan Application
Your data is safe with us. All the transactions are secured via a 128-bit SSL encryption. Data is transferred over secured connections.
Contact Us
1. Mail: [email protected]
2. Call: 6369244030
