NextFin: Instant loan vs Personal Loans & Credit Cards Utilisation & Stats

Now you can check different offers across banks and apply for new age Personal Loans and Credit Cards for all kinds of your financial needs through the MyMoneyMantra app. Who are we? MyMoneyMantra Fintech Pvt. Ltd. is a subsidiary of Raaj Khosla & Co Pvt. Ltd. Our partners simultaneously use the brand name as Raaj Khosla & Co. Pvt. Ltd. or MyMoneyMantra Fintech Pvt. Ltd. for official partnership name listing. However, the official brand name is mymoneymantra.com. Our brand promises to be the financial companion of all our consumers for life. We are official partners/distributors with the following banks/NBFCs for Personal Loan. IDFC First Bank Limited - (Partnership under the name of MyMoneyMantra Fintech Pvt. Ltd.), L&T Finance Ltd - (Partnership under the name of MyMoneyMantra Fintech Pvt. Ltd.), Bhanix Finance and Investment Limited (Cashe) - (Partnership under the name of MyMoneyMantra Fintech Pvt. Ltd.), Bajaj Finance Ltd. - (Partnership under the Name of MyMoneyMantra Fintech Pvt. Ltd.), Earlysalary Services Private Limited (Old Name Ashish Securities Pvt. Ltd.) (FIBE ) - (Partnership under the Name of MyMoneyMantra Fintech Pvt. Ltd.). Mymoneymantra loan app is one of the best personal loan, instant personal loan, small personal loan, student personal loan, online loan, quick personal loan app in India. It helps users provide fast approval and quick disbursals. Steps to Apply for an Instant Personal Loan: 1. Login to the Mymoneymantra App 2. Choose the Personal Loan Product 3. Fill in the basic personal details 4. Enter the desired loan amount 5. Get connected to RBI approved lenders 6. Choose an approved lender and submit your application Steps to Apply for a Credit Card: 1. Login to the Mymoneymantra App 2. Choose the Credit Card Product 3. Fill in the basic personal details 4. Choose a Credit Card that meets your requirement 5. Submit your application Advantages of getting a Personal Loan or a Quick Personal Loan with MyMoneyMantra app: 👉Compare and apply for the best personal loan, be it short term personal loan(STPL) or a loan for longer tenure 👉Compare and get the best offer with amazing rewards and deals based on your credit worthiness 👉You can use Personal Loans or Instant Personal Loan to fulfill all your dreams such as debt consolidation, home renovation, medical emergency loan, education loan, vacation loan, vehicle financing loan, moving expenses loan, legal expenses loan, appliance loan, electronic purchase loan, business startup loan 👉Compare Personal Loan Interest Rates of various banks on the MyMoneyMantra App Important Points to consider before applying for a Personal Loan: * Loan Amount: Minimum 1,000 to Maximum 50 Lakhs * Repayment Tenure: Minimum 3 Months to Maximum 60 Months * Rate of Interest / Annual Percentage Rate (APR): Minimum 10.5% to Maximum 30% * Processing Fees: Rs. 500 to Rs 2.5% of the Loan Amount Example: Personal loan of Rs. 5 lakhs at an interest rate of 10.5% for tenure of 5 years, the EMI will be Rs. 10,747. The total payout here would be: Principal Amount: Rs 5,00,000 Interest Charges (@10.5%): Rs 1,44,817 Loan Processing Fees (@2.5%): Rs 12,500 Documentation charges: Rs 500 Amortization Schedule charges: Rs 200 Total Amount paid after 5 Years: Rs 6,58,017 *Interest rate and processing fees vary as per your product depending on the lender's policy. Contact Us: For any assistance or any other details, contact us at: Email : contactus@mymoneymantra.com Address : Room No 812,8th Floor, Suryakiran Building, 19 Kasturba Gandhi Marg, Connaught Place, New Delhi, Delhi 110001