Digi loans play online

Product features:
Personal loan
Get personalized personal loan offers up to 50 lacs at interest rates starting 10.75% for a tenure ranging from 1 year to 5 years. The app selects the best suitable Banks/NBFCs offering minimal interest rate and easy approval based on your personal loan eligibility. Digi Loans has associations with India Infoline Finance Limited(IIFL). Both are RBI registered NBFCs.

Personal Loan Eligibility:

Personal loan for salaried professionals only
Minimum net take-home monthly salary: 15,000
Above 21 years of age
Salary through direct bank transfer only

Documents required to apply for a loan:

Selfie
PAN card
ID Proof (Any 1 - Driving License/Voter ID/Passport/Aadhaar Card)
Address proof (Any 1 - Driving License/Voter ID/Passport/Aadhaar Card/Utility Bills)
3 month bank statements with salary credit
Aadhaar card

Interest, tenures and other specifications

Interest rates range from 10.75% - 29% per annum depending on customers credit and risk profile
Processing fee range from 1.5% - 4% depending on the product availed
Minimum Repayment Tenure: 12 months
Maximum Repayment Tenure: 60 months

Personal Loan for Salaried (Example)

Loan amount: 50,000
Tenure: 12 months
Interest Rate: 20% per annum
Processing Fee: 1,250 (2.5%)
New customer onboarding Fee: 200
GST on Processing and Onboarding Fees: 261
Total Interest: 5,581
EMI: 4,632
APR: 23.2%
Loan amount is 50,000. Disbursed amount is 48,289.
Total loan repayment amount is 55,581.

Business Loan (Example)

You can apply for up to a 40 Lakh business loan with few clicks!
For 1,00,000 business loan borrowed for 5 yrs, with interest rate at 12% per annum*, a user would pay:
EMI= 8,884
Processing fee + Credit insurance premium ( @3%) = 3,000 + GST = 3540
Total amount to pay after 1 yr = 1,10,148*


Safe and Security
Latest security standards to keep your data safe and encrypted
Data transfer over a secure https connection
No data sharing except for tied-up partners for product execution