Ecofin - Reload Cash, Instant Personal Loan

Ecofin is mobile-based lending that facilitates loan application, verification, and disbursement of loan amounts digitally. Ecofin Loan Plans – Ecofin loan products are designed to give you the convenience of selecting the most appropriate plan having a salary as a basic criterion. Our 3 Loan Plans are for the young salaried employees Ecofin Loan Plan 1: Tenure 62 days: 3% interest for 31days (35.32%p.a.) Ecofin Loan Plan 2: Tenure 90 days: 2.75% interest for 30 days (33.46%p.a.) Ecofin Loan Plan 3: Tenure 180 days: 2.5% interest for 30 days (30.42%p.a.) The customer can avail loan between ₹ 10,000 to ₹ 50,000 based on the net salary of the customer. All the plans attract a Processing Fee of 2% + 18% GST. Sample Loan Calculation 90Days Plan: A customer avails a 90-day loan plan of ₹ 25,000 at an interest of 2.75% per 30days. Total Interest for 90 days = ₹2062.50 rounded off to ₹2063 Processing fees (PF) + GST = ₹500 + ₹90 = ₹590 Total Deductibles (PF + GST+ Interest) = 500+90+2063 = ₹2653 In-Hand Amount: Loan Amount - Total Deductibles = 25,000 - 2653= ₹22,347 Total repayable Amount: ₹ 25,000 Monthly EMI Repayable = ₹,8333 The deductibles (interest + PF + GST) are deducted upfront during the loan disbursal. In the case of a 180-days plan, only 90days interest is deducted upfront and the remaining 90days interest will be spread over EMIs. Eligibility to apply for the loan on Ecofin app – • An Indian citizen • In the age group of 21yrs to 50yrs. • A salaried employee earning a minimum net salary of ₹ 20,000 p.m. • Salary crediting to the bank directly • Valid social media accounts Document required to apply for a loan – • PAN card • Permanent Address Proof – Aadhar Card/ Voter’s Identity Card or Utility Bills i.e. Electric/landline phone bill (not more than 2 months old) For Temporary Address - Bank Statement, Utility Bill, Rent Receipt, Property Tax, and Lease & License Agreement. • Latest salary slip from the same employer • Latest statement of your Bank Account, reflecting salary credit for the last 3 months • Your selfie
Price USD 0
License Free
Version 21.0
Operating System Android
System Requirements None