Indian online finance, I wish you a happy life.
Loan amount: From ₹1,000 to ₹200,000
Interest rates: From 0% to 29.95% per annum
Tenure: 91 days to 15 months
👠Family Loan is an online loan application and credit platform for professionals from all over India, where you can apply for a loan online and transfer up to 200,000 rupees in cash to a bank account.
👠Family Loan is a platform facilitating the loan transactions between the borrowers and the NBFCs/Banks. All loan applications are approved and sanctioned by NBFCs/Banks registered with RBI and communicated upfront during Loan application.
👠One of our primary partner NBFCs – SRI CHAKRA INFOWAYS LTD is a Systemically Important NBFC within the group companies carrying the Family Loan brand.
👠Family Loan does not directly participate in lending activities, but only provides a platform to facilitate registered non-bank financial companies (NBFC) or banks to lend users.
Online loan, a good choice to help you, you can get a loan through direct bank transfer. All you need is your PAN Card & Address Proof to avail ₹1,000 to ₹50,000 for a tenure ranging from 91 days to 6 months.
Online loan-a new option for online loan where you can avail amounts from ₹10,000 to ₹2 Lakhs as direct bank transfer for tenure ranging from 3 to 15 months. All you need is your PAN Card, Address Proof and Salary Proof.
Online loan for Salaried example:
Loan amount: Rs. 50,000
Tenure: 12 months
Interest Rate: 20% per annum
Processing Fee: Rs. 1,250 (2.5%)
New customer onboarding Fee: Rs. 200
GST on Processing and Onboarding Fees: Rs. 261
Total Interest: Rs. 5,581
EMI: Rs. 4,632
Loan amount is Rs. 50,000. Disbursed amount is Rs. 48,289. Total loan repayment amount is Rs. 55,581
Other online loan example:
Loan amount: Rs. 10,000
Tenure: 3 months
Interest Rate: 27% per annum
Processing Fee: Rs. 500 (5%)
GST on Processing Fees: Rs. 90
Total Interest: Rs. 453
EMI: Rs. 3,484
Loan amount is Rs. 10,000. Disbursed amount is Rs. 9,410. Total loan repayment amount is Rs. 10,453
1. 100% Online process
2. Fund safety, protected by advanced server
3. Loan transfer via bank
1. Indian resident
2. Above the age of 18 years
3. Should have monthly source of income
How to get started
1. Install Family Loan App
2. Create your account
3. Fill your basic details to check first level eligibility
4. Upload KYC documents – ID, Address Proof & PAN card
5. Avail Loan as bank transfer or E-voucher as per your request
Fees & Charges
Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only.
A small processing fee is charged for loans e.g. for low risk customers 0% – 3% of the principal, for very high-risk customers 2.5% – 7%*.
Family Loan charges one-time service fee while onboarding or during upgrade which is ₹20-₹350 depending on the risk profile.
*The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers. Penalty is charged only when someone delays their scheduled payment.