GoldLoan provides non-collateral and no guarantee required online loan service to every ordinary borrower, to help every Filipino solve their financial problems.
Production
User age limit: 18-60 years old
Loan Amount: from ₹2,000 to 80,000.
Service charge: 0%.
No other hidden costs
Tenure: the shortest tenure is 91 days, the longest tenure is 365 days.
Depends on the customers risk profile and loan tenure. The minimum interest rate is 18% per annum and the maximum interest rate is 29% per annum.
Interest Calculation
Maximum Annual Percentage Rate (APR)：29%
Example of GoldLoan:
User loan ₹8,000, annual interest rate is 18%, term is 110 days:
Daily Interest: ₹8,000 x 18% / 365days = ₹3.95;
Total Interest: ₹8,000 x 18% / 365days x 110days = ₹434;
Daily Repayment: ₹8,000 / 110days + ₹3.95 = ₹76.68;
Total Repayment: ₹8434
Sample Monthly Payment:
If the repayment starts on January 1st and lasts for 110 days, the repayment plan is as follows:
January: 31day * Daily Repayment = ₹2377.08
February: 28day * Daily Repayment = ₹2147.04
March: 31day * Daily Repayment = ₹2377.08
April:Pay off the surplus: Total Repayment - (January + February + March) = ₹1532.8
Loan application procedure for first time borrowers:
1.Download GoldLoan application.
2.Register a personal account in the app.
3.Choose your loan amount and loan term.
4.Fill in personal info.
5.Loan review and cash disbursement.
Security:
Your data is safe with us. It is transferred over a secure HTTPS connection to us, and we do not share it with anyone without your consent except the Lenders. All the transactions are secured via a 128-bit SSL encryption.
Contact Us:
Address: 9B1 WOOD Kolkata, West Bengal, 700016
Email: [email protected]