Lend Mall app
Convenient personal loan App - Lend Mall
Loan Tenure: from 91 to 120 days;
Interest Rate: 0.07% per day (25.55% per annum);
Processing Fee: Ranges from Rs 91 ~ Rs 2,000 for one-time charge, which depends on the loan amount and the application details;
GST: 18% of the Processing Fee in accordance with the policy and laws of India;
APR: Up to 74.2% (Annual Percentage Rate including Interest, Processing Fee and GST);
For a 91-day loan of ₹10,000 for 3 months with interest rate @25.55% per annum,
Interest = ₹10,000 * 25.55% / 365 * 91 = ₹637;
Processing Fee = ₹620;
GST = ₹620 * 18% = ₹111.6;
The total amount to be paid = Loan Amount + Interest + Processing Fee + GST = ₹10,000 + ₹637 + ₹620 + ₹111.6 = ₹11,368.6;
APR = (₹11,368.6 - ₹10,000) / ₹10,000 / 91 * 365 = 54.89%;
Easy ways to get a loan is through Lend Mall, it has low interests’ loans with repayment at your convenient schedules.
Receive the cash simply and swiftly straight to your mobile phone. You can access long term loans from anywhere, anytime, whenever you need to.
Once you download the App to your smartphone, you’ll discover that signing up is seamless and no paperwork is required. Well designed to enable ease in navigation through the app, achieve your task in the shortest time possible.
1. Indian Resident
2. 18-56 years old
3. Source of a monthly income
GET YOUR LOAN
* Create your account
* Apply your loan in seconds
* Receive your loan straight into your mobile money or bank account
* Build your loan limit every time you repay your loan on time
• No credit history required
• Paperless and digital process on your mobile
• Get 7/24 access to loan anytime and anywhere
* No paperwork, collateral or office visits needed
* Use your money the way you want to -- for home or business
* Get access to bigger loans, lower fees, and flexible payment terms as you repay
* Loans are approved and, in your account, fast
As a digital lending platform, Lend Mall will charge a service fees according to the product you choose, which is used for credit score assessment, account management, and payment cost.