My Kredit Loan App Se Loan Kaise Le | My Kredit Loan App Review

Avishek March 24, 2023 Aadhar Loan, Best Loan App, Credit Card, Digital Loan App, EMI Loan, Instant Loan App, Loan in English, Online Loan, Pan Card Loan, Personal Loan Leave a comment 886 Views

My Kredit Loan App

My Kredit Loan App offers loans in a fast, easy & 100% paperless way. MyKredit is a mobile based Instant Personal Loan Platform. Users can apply for a Personal Loan of up to Rs 50,000 from RBI-approved NBFC Manhattan Financial Services Ltd.

The application process is completely digital, and once approved, the funds are transferred immediately to your bank account.

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It gives you a loan of 50 thousand with the help of mobile phone.

In today’s post, we will give you information about My Kredit Loan App. So if you want to get information regarding this application, then read our post till the end.

My Kredit Loan App Loan Amount

Friends, if you want to take a loan from this My Kredit Loan App, then you can take a loan of up to ₹ 2,000 – ₹ 50 thousand. So friends, now you have come to know that how much loan you can get with the help of this My Kredit Loan App.

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My Kredit Loan App Interest Rate

With My Kredit Loan App, you are charged a maximum of 35.04% interest only on the amount that you use.

So now we have come to know that how much loan can be availed from this My Kredit Loan App and how much interest we will have to pay on that loan.

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My Kredit Loan App Tenure Rate

With My Kredit Loan App, you can get loan from 91 days to 180 days.

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My Kredit Loan App Documents Required

A selfie
Pan Card Information
an official document
Address proof

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My Kredit Loan App Eligibility Criteria

You must be a citizen of India.
You must be 18 years of age.
You should have a PAN card & valid bank account.

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Example

EMI calculation Example

If loan amount is ₹50,000 & interest is 35.04% per annum; and loan is to be repaid over 6 EMIs (180 days), then overall interest payable is ₹8,640 only. The EMI per month would be ₹9,773 only.

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Interest Calculation

loan amount is ₹50,000,

Loan term 6 Months (180 days),

ROI 35.04% per annum,

Interest Payable = ₹ 50,000*35.04%/365*180 = ₹ 8,640,

Equated Monthly EMI ₹ 9,773.33 per month for 6 months,

Total amount repaid = ₹50,000+ ₹8,640 = ₹58,640.

Fee:

Technology/Platform fee on the loan is: ₹300

One Time on boarding fee: ₹120

Tax on the Technology/Platform fee (GST at 18%) = ₹300 * 18% = ₹54

Tax on One Time On boarding fee (GST at 18%): = ₹120 * 18% = ₹21.6

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Total Cost of the Loan(with all taxes):

Total cost of the loan: ₹8,640 + ₹300 + ₹120 + ₹54 + ₹21.6 = ₹9,135.60

APR % = 37.05% (=₹ 50,000/₹ 9,135.60*365/180)

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How to take loan from My Kredit Loan App?

First of all install My Kredit Loan App from Play Store.
Then register by entering your mobile number.
Fill your basic information.
Upload your KYC documents.
Enter your bank information.
Your loan gets approved.
Money is also transferred to your bank account.

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So this was some basic information that you should know if you want to take loan from any application.

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My Kredit Loan App Customer Care Number

Customer Service Email: care@mykredit.in

Address: 805B, Plot no A-42/6, Sector 62, Noida (UP).

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Today you have come to know that how much loan can be availed from My Kredit Loan App? At what rate of interest does My Kredit Loan App give loan? For how long can I get a loan from My Kredit Loan App? How to apply for loan from My Kredit Loan App? What are the documents required for loan from My Kredit Loan App? Who can take loan from My Kredit Loan App? Today we learned all this about My Kredit Loan App.

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