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In this world the value of money is increasing day by day. There is nothing which can replace money. So this highly valuable thing has to be preserved well. The most difficult task is to earn it. Whether you are a job person or a business person, you will require money more than you have at some point in your life. The only best way to take is through loans. This article will help you to get a loan from BetterPlace Money App. You will amazed after knowing about this amazing app.
How to apply for a loan from BetterPlace Money Loan App?
Applying for a loan through BetterPlace Money Loan App is a straightforward process. Simply download the app, register your mobile number, and fill in your basic information. Next, upload the necessary documents, and once your loan is approved, the loan amount will be disbursed directly into your account. It’s that simple!
Conditions:
- All Indian citizens between 20-55 years old
- Have a job with stable income
How much loan will be available from BetterPlace Money Loan App?
BetterPlace Money Loan App offers a wide range of benefits to its users. Let’s delve into the specifics. Firstly, you can avail yourself of a loan upto Rs 25,000 through this app, ensuring that your financial needs are adequately met. Moreover, the flexibility of loan repayment periods is remarkable, allowing you to choose a timeframe ranging from minimum 3 months to maximum 6 months, giving you ample time to repay the borrowed amount.
Advantages:-
- 100% online process
- Relatively high loan amounts & Acceptable interest rate
- Quick approval
- Information security
What will be the rate of interest for taking loan from BetterPlace Money Loan App?
When it comes to the interest rates, BetterPlace Money Loan App offers competitive rate 20% – 50% annually. This ensures that you can secure a loan at favorable terms, easing the burden on your financial journey. To apply for a loan, you will need to provide essential documents, including your Aadhar card and PAN card.
Example:
Amount: Rs 10,000/-
Interest Rate: 1.5% monthly simple interest
Tenure: 3 months
EMI Frequency: Monthly
Processing fee: Rs 300/-
Disbursed Amount: Rs 9,700/-
Total Interest payable: Rs 450/- (interest is 1.5% per month = Rs 150 * 3)
Monthly Payment: Rs 3483.33/-
Total payment in 3 months: Rs 10,450/-
Overall Cost: Rs 750/- (includes Rs 450/- as interest and Rs 300/- as processing fee)
APR: (750/10000)*(365/90) = 30.4%
Loan purpose
- Building construction and renovation
- Self-improvement
- Electronic purchase
- Buy a family car
- Family events and weddings
- Travel
- Medical emergencies
Who will get loan from BetterPlace Money Loan App?
BetterPlace Money Loan App is designed to cater to the needs of Indian citizens above the age of 18. If you meet these criteria, you can take advantage of the low-interest rates, hassle-free loan approvals, and generous repayment periods offered by this app.
What are the documents required to take a loan from BetterPlace Money Loan App?
- Aadhar Card
- Pan Card
BetterPlace Money Loan App Customer Care
If you have any queries or require assistance, the BetterPlace Money Loan App customer care team is readily available to support you. You can reach them via email at loansupport@betterplace.co.in.
Is BetterPlace Money RBI approved?
No info available.
Who is the publisher of BetterPlace Money?
BetterPlace Safety Solutions Pvt Ltd
We hope this information about the loan amount, repayment duration, interest rates, eligibility criteria, and application process for BetterPlace Money Loan App has been helpful to you. We appreciate the time you’ve taken to read this post. Should you have any further questions, feel free to reach out. Thank you!
