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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 Shakti Coin App. You will amazed after knowing about this amazing app.
Who will get loan from Shakti Coin Loan App?
Shakti Coin 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.
How much loan will be available from Shakti Coin Loan App?
Shakti Coin 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 7,000 INR to 80,000 INR 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 91 days to 540 days, 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 Shakti Coin Loan App?
When it comes to the interest rates, Shakti Coin Loan App offers competitive rate 2% to 32% 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:
the loan amount is 20,000 INR, the APR rate is 10%, the loan period is 180 days, the total repayment amount is 20,000 (principal) + 986 (interest) + 472 (fee) = 21,458 INR
Payable interest: 20,000 * 10% / 365 * 180 = 986 INR
Processing fee (at 2%): 20,000 x 2% = 400 + 400 x 18% (Goods & Services Tax) = 72 = 472 INR
Equated monthly installment: 3,576 INR (21,458 / 6)
Loan purpose
- Buy a family car
- Medical emergencies
- Family events and weddings
- Travel
- Self-improvement
- Electronic purchase
- Building construction and renovation
What are the documents required to take a loan from Shakti Coin Loan App?
- Aadhar Card
- Pan Card
How to apply for a loan from Shakti Coin Loan App?
Applying for a loan through Shakti Coin 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
Shakti Coin Loan App Customer Care
If you have any queries or require assistance, the Shakti Coin Loan App customer care team is readily available to support you. You can reach them via email at cashcredit-dev@proton.me.
Is Shakti Coin RBI approved?
Yes, Shakti coin is managed by Avanti Microfinance Private Limited, an RBI approved NBFC.
Who is the publisher of Shakti Coin?
Avanti Microfinance Private Limited
We hope this information about the loan amount, repayment duration, interest rates, eligibility criteria, and application process for Shakti Coin 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!
