Table Of Contents
Latest update [menu]
Instant Aproval process
Description [menu]
Loans range from ₹1,000 to ₹200,000
Tenure: 62 days to 15 months. Interest rates range from 0%-29.95% depending on risk profile of customer and product availed
Example: If loan amount is ₹50,000 & interest is 22% per annum with tenure of 62 days; after deducting any other fees
Interest = ₹50,000 x 22%/365 x 62 = ₹1,868
EasyLoan is an Instant Personal Loan App & Credit Platform for Young Professionals across India, where one can apply for Personal Loan Online & avail up to ₹2 Lakh as Direct Cash Transfer to Bank Account.
Loan Types
Flexi Personal Loan - A flexible loan option where you can avail loans within 10 minutes of app install as direct bank transfer. All you need is your PAN Card, ID & Address Proof, and you can avail from ₹1,000 to ₹50,000 for a tenure ranging from 62 days to 6 months.
Personal Loan for Salaried - A personal loan option where you can avail amounts from ₹10,000 to ₹2 Lakhs as direct bank transfer for a tenure ranging from 3 to 15 months. All you need is your PAN Card, ID, Address Proof and Salary Proof.
Online Purchase Loan - A loan option where you can Buy anything Now, Pay Later in EMIs. Via this option, you can avail e-vouchers on EasyLoan App on loan, purchase on EasyLoan's partner platforms like Flipkart, Amazon, MakeMyTrip, Myntra & many more through those e-vouchers, and pay EasyLoan later in EMIs.
Features
1. 100% Online process
2. Minimal documentation
3. Fast approval
4. Immediate bank transfer
Benefits & Risks
1. Get access to higher amounts & tenures as you repay on time
2. As compliance requirement your payment behaviour is shared with credit rating agencies; based on that your credit score may increase/decrease
Eligibility
1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income
How to get started
1. Install EasyLoan App
2. Register through your Facebook/Google account
3. Fill your basic details to check first level eligibility
4. Upload KYC documents - ID, Address Proof & PAN card
5. Avail Loan as bank transfer or e-voucher as per your request
Amount, Tenure, Fees & Charges
Loans amount: ₹1,000 to ₹200,000, Tenure: 62 days-15 months. EasyLoan charges one-time service fee while onboarding or during upgrade which is ₹30-₹350 depending on the risk profile and membership band availed by customer. Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers.
Penalty is charged only when someone delays their scheduled payment.
The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 0%-36%, medium risk customers is 18%-39%, high risk customers is 24%-42%* and very high-risk customers is 24%-70%*.
In addition to it, GST will be applicable only on the fee components as per Indian laws.
*The higher charges are only for loans of lower amount and lower repayment tenure.
Example
A new low risk customer availing personal loan for salaried can avail a loan of ₹50,000 at an interest rate of 22%, processing fee of ₹1,250 for a period of 12 months and onboarding fees of ₹350. This would translate to an APR 25.2%.
Interest Calculation
If loan amount is ₹50,000 & interest is 22% per annum; and loan is to be repaid over 12 EMIs, then overall interest payable is ₹6,157 only. The EMI per month would be ₹4,680 only.
How to install EasyLoan-Instant Personal Loan App APK for Android [menu]
Download EasyLoan-Instant Personal Loan App APK file (com.greatapps.easyloan_7_8017379.apk) from SameAPK.com, then follow these steps:
Update Phone Settings
- Go to your phone Settings page
- Tap Security or Applications (varies with device)
- Check the Unknown Sources box
- Confirm with OK
Go to Downloads
- Open Downloads on your device by going to My Files or Files
- Tap the APK file you downloaded (com.greatapps.easyloan_7_8017379.apk)
- Tap Install when prompted, the APK file you downloaded will be installed on your device.
How to install EasyLoan-Instant Personal Loan App APK on Windows 7/8/10 or MAC PC? [menu]
Download EasyLoan-Instant Personal Loan App APK file(com.greatapps.easyloan_7_8017379.apk) from SameAPK.com to your PC (ex: /Users/xxx/Downloads/(com.greatapps.easyloan_7_8017379.apk)), then follow these steps:
Using Emulator:
- Download And Install one Emulator Softwares (Ex: Bluestacks, GenyMotion, NoxPlayer)
- Simple install APK on PC by drag and drop file com.greatapps.easyloan_7_8017379.apk on Emulator screen
EasyLoan-Instant Personal Loan App APK Pros & Cons [menu]
Pros
- This app is safe, it's not require high risk permissions
- Compatible with 32 bit device (most Emulator using 32bit arch CPU)
- Compatible with 64-bit device (some android device and current Bluestacks)
Cons
Everything is good.
