MoneyGear

Features MoneyGear

A super easy app made in bengaluru for namma bengaluru providing Personal Loan / Gold Loan within Minutes at Affordable Interest Rates, Zero Processing fee on Personal Loans and much more, Its a onestop solutions for last minute credit needs from Secured to Unsecured loans, From Bullet Repayments to Monthly and Daily EMIs for Salaried Individuals to SMEs to Small scale Business which helps you grow Financially Independent.
You can avail a loan within less than 20 minutes from your comfort zone or walk in our branch for instant gold loans at the lowest interest rates.
We understand the need for last minute credit and thats why its affordable without any hidden charges at all.MoneyGear Insta Loan App makes the whole lending process digital and automated.
The entire process right from1) User registration through OTP confirmation2) Customer identification validation3) Credit evaluation using analysis of financial SMS data4) Loan approval5) Loan agreement signing6) e-mandate for loan collections/repayments7) Disbursementis digital.
As the user navigates through the process and on completing step 6 as outlined above, the loan is disbursed instantly and is credited to the customers designated bank account.With MoneyGear Insta Loan App, customers can get their loan disbursed and have the money credited in their bank account in less than 10 minutes.A complete digital lending platform, seamless process, affordable interest rates and no more hassles of bank visits etc.
Currently personal loans range from ₹10,000 to ₹100,000.Moneygear Fintech Private Limited is a Non-Banking Financial Company (NBFC), having obtained its Registration certificate from the Reserve Bank of India on 21-10-2020, with registration number N-02-00330.
The company is operating under Reserve Bank of India (‘RBI’) regulations/directions, and its activities are governed by the various Indian laws and RBI regulations/directions.
This document is intended to be representative of Moneygear’s guiding philosophy of dealing with customers in a transparent and honest manner.The mission of Moneygear is to extend easy and affordable financial services to the needy.
Being an NBFC, our primary mission is to provide loans to every client to fund their urgent and emergency fund as well as frequent business requirements.Our vision is to serve every corner of the country and liquidate the finance modality to run the small business.20 Minute Instant Personal Loan, Minimum documents Maximum Amount, Fast, No prepayment charges, Reliable, Relatabled.Loan: ₹10,000 to ₹100,000Annual Percentage Rate (APR) or Interest rates: 18% - 36% Per Annum.Processing Fee: 2% on loan amount + GST(18%).Line setup fee: 499 + GST(18%) to be paid before starting the credit line.Minimum period for repayment: 3 months.Maximum period for repayment: 12 months.*Interest Rate varies based on your risk profile.(However, only a fraction of our customers get an interest rate higher than 30% per annum).Example:For ₹1,00,000 borrowed for 1 year, with interest rate @13% per annum*, a borrower would pay:-> Processing fee (2% + GST) = 2,000 = ₹2,360/--> Line setup fee (499 + GST) = ₹588/- to be paid before starting the credit line-> Interest - ₹7,181/--> EMI - ₹8,932/--> APR - 18.74%Total amount to be repaid after a year = ₹1,10,129/-