With LoanForCare's credit line, clear your outstanding financial commitments easily in a wiz.
Fill out the application from our website. It’s easy and only takes a few minutes.
We evaluate your eligibility and provide you with the best loan offer.
Upload your documents or send your documents via email.
Get your loan amount in your bank account within 2 hours after succussful verification.
We offer custom instant personal loan for all your special needs. You can avail it anytime, anywhere.
Address your needs that are urgent and can’t be avoided in your household.
Avail funds to mitigate financial shortcomings effecting day-to-day life.
Avail Instant funds & boost your purchasing power to shop without any hassle.
The following loan criteria is followed by us.
Loan Amount - ₹40,000 to ₹2,00,000
Interest Rate - Up to 36% per annum
APR - 36% Max
Age - 21 to 55 years
Late payment fee - as applicable ( Charged only, If repayment is delayed )
Processing Fee - Up to 5%
Loan tenure - 90 days to 180 days
Pre-closure charges - As applicable
This is an example calculation for a loan of ₹30,000 for 90 days at 30% interest rate.
Loan Amount : ₹30,000 at Interest rate of 30% p.a.
Loan Duration : 3 months
Total 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.
Minimum loan amount - ₹ 5,000 /- Maximum loan amount - ₹ 2,00,000 /- Tenure - Up to 365 Days. Processing Fee - @ 2% of loan amount*
No pre - closure charges, No prepayment Charges. APR - @ 15% to 31% Cheque Bounce Charges - ₹ 1000/-
Important* - As a registered NBFC with the Reserve Bank of India and following all the guidelines of the regulatory authorities, LoanForCare provides loans to all eligible customers, where we accomplish our lending services through our website and CRM. Apart from this, we would like to inform our customers and the general public that we don’t have any app on android or appstore, and we are not disbursing through any mobile app. Therefore, please beware of any lending application that is copying our name and disbursing loans in our name through mobile apps, and please inform us in such circumstances where someone is trying to cheat through the unauthorized loan app by copying our name and logo.
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