MyMoney: Track, Save & Borrow the smarter way
IIFL Finance, one of India’s largest non-banking financial companies, introduces MyMoney App, a one-stop solution to borrow, track & save money at low rates. Use our app to avail business and personal loans, analyse your spending patterns, and track credit score instantly with just a click.
Download MyMoney app now and manage your personal finance like a pro!
MyMoney – Key Features
* Credit Score – Check your credit score in just one minute for free!
* Instant Loan – Apply for Business loan (₹10,000 to ₹10,00,000) & Personal loan (₹5,000 to ₹2,00,000)
* Data Safety – The advanced security measures ensure that your personal and investment related details are 100% safe and secured
* Expense Analyser – Monitor and track your daily income and expenses with ease
* 3 Functionalities-
1) File your Tax returns with Clear Tax.
2) Register your business with Udyam Aadhar.
3) Pay All your bills with Bharat bill Payments
* Easy and Fast Setup – Its interface and navigation is user-friendly and easy to use,
Just download the app on your phone, create your profile, link account and you are ready to go. The process takes less than 10 minutes.
* Supported devices – Works on all smart phone devices with Android 5.0 version.
* Location : Widely available.
Get loan disbursed from almost every part of India (catering to maximum locations /
pin codes).
* Language – Currently available in English language, soon to be launched in other languages.
👉Borrowing Made Easy
MyMoney allows you to avail personal or business loan in four simple steps:
1. Download the MyMoney app
2. Check your eligibility
3. Upload KYC documents
4. Get your loan sanctioned
👉Quick Personal Loan
* Get Loans ranging from ₹5,000 to ₹2,00,000
* Attractive APR ranging from 21% – 30% makes repayment easy
* Risk-based interest rate- based on your profile
* 100% online process with minimal documentation ensures quick disbursal within 24 hours
* Flexibility to choose the loan tenure from up to 24 months
* Get rewarded with a higher loan on successful repayment
* Loan processing fees from 2.5% to 4%
Example
Loan Amount: ₹20,000
Tenure:180 days (6 months)
Interest Charged: ₹ 1,426 (24% per annum)
Processing Fee: ₹236 (2.5% of Loan Amount – ₹200 + GST @18% – ₹36)
Amount Disbursed: ₹19,764
EMI Amount: ₹ 3,571
Loan amount is ₹ 20,000. Disbursed amount is ₹ 19,764.
Total loan repayment amount is ₹ 21,426.
👉Hassle-free Business Loan
* Get Loans ranging from ₹10,000 to ₹10,00,000.
* Attractive (APR) Annual Percentage Rate (minimum) 11.75% – 25.75% (maximum) makes repayment easy
* 100% online process with minimal documentation ensures quick disbursal within 48 hours
* Flexibility to choose the loan tenure and repayment from 9 months to 5 years
* Get rewarded with a higher loan on the successful repayment
Interest Calculation
If you avail a loan of ₹ 3,00,000 for a tenure of 12 months at 18% p.a. interest rate & and processing fee at 2%, the loan EMI will be ₹ 27,504 and the total interest paid would be ₹ 30,048
👉Track your credit score
The credit score is a critical factor that financial institutions consider for lending loans; it affects your eligibility. With MyMoney App, you can check and track your credit score instantly for free.
* Get a detailed report of your credit profile
* Monitor & suggestions for Improving Credit Score
* Get the best loan offers
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Love this app
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Nyc
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The rock
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2022
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