How to Take Loan From Small Loan App: Through today’s article, we will share with you information about another Instant Loan application whose name is Small Loan App. How to take loan from Small Loan App, how much loan you can take, whether it is safe to take loan from this application or not, all such information will be made available to you through this article.
Therefore, if you are thinking about taking a loan from Small Loan App, then by reading this article you can collect a lot of information about Small Loan App. So, without any delay, let’s start this article and know how to get loan from Small Loan App.
How to Take Loan From Small Loan App?
| Name of App | Small Loan |
| Type of Loan | Personal Loan |
| Launched by whom | Smallloangp |
| When was it launched? | 30 July 2021 |
| Size of Application | 16.55 MB |
| Rating on Play Store | 2.9 Star |
| Loan Amount | From 1 Thousand to 2 lakh Rupees |
| Contact Detail | Smallloangp@Gmail.Com |
What is Small Loan App?
Small Loan App is an Instant Personal Loan App and Credit Platform for young professionals in India. From where you can apply online for Instant Personal Loan and get loan amount up to Rs 2 lakh in your bank account.
Small Loan App is a platform that facilitates loan transactions between borrowers and NBFCs/Banks. This application is registered by NBFC and works under the rules of RBI.
Small Loan App Loan Types
You can take 3 types of loans on Small Loan App –
#1 – Flexi Personal Loan
In the flexible loan option, a loan of Rs 1,000 to Rs 50,000 is transferred to your bank account within just 10 minutes. And for repayment you get time ranging from 91 days to 6 months. In this type of loan you need PAN card and residence certificate.
#2 – Personal Loan For Salaried
In this type of personal loan option, you can get a loan ranging from Rs 10 thousand to Rs 2 lakh directly in your bank account and the tenure in it is between 3 to 15 months. To avail this type of personal loan, you will need PAN card, Aadhar card and salary slip.
#3 – Online Purchase Loan
In this type of loan option, you can buy anything on EMI. Online Purchase Loan works on Buy Now And Pay Later In EMI principle. With the help of this loan option, you can get E-Voucher on loan in Small Loan App. With the help of these E-Vouchers, you can buy any item from Small Loan App’s partners like Amazon, Flipkart etc. and then later make repayment on EMI to Small Loan App.
How to get loan from Small Loan App
You can take a loan from Small Loan App by following some easy steps –
- Download Small Loan App and create your account in it.
- Fill your basic details and check whether you are eligible for the loan or not.
- Upload your KYC documents.
- The available loan amount will be transferred to your bank account.
How to take loan from Small Loan App.
The complete process of taking loan from Small Loan App is explained below –
- Step 1 – First of all, download Small Loan App from Play Store and install it in your Smartphone.
- Step 2 – After downloading, open this application and read and accept the Privacy Policy and Terms and Conditions of the Small Loan App.
- Step 3 – Now Small Loan App asks you for some permissions which you have to allow.
- Step 4 – Now you will come to the homepage of this application, you will see the option of Me below, click on it and click on Login Right Way.
- Step 5 – Now you have to login to Small Loan App with your mobile number.
- Step 6 – Now click on Start Loan option in the homepage.
- Step 7 – After this, upload the KYC Document by taking the photo of the back side of PAN Card, Aadhar Card and Bank Passbook and click on the Carry On option.
- Step 8 – Now you have to fill some basic details and check whether you are eligible for the loan or not.
- Step 9 – If you are eligible to take the loan then the loan amount is transferred to your account.
Eligibility For Taking loan From Small Loan App
Following are the eligibility criteria for taking loan from Small Loan App –
- Citizenship of the applicant should be Indian.
- The age of the applicant should be more than 21 years.
- The applicant must have some source of monthly income.
Important Document
To take a loan from Small Loan App, you will need the following documents –
- PAN card
- Aadhar card
- salary certificate
- Proof of current address (electricity bill, gas or water bill)
- bank details
How Much loan Will You Get From Small Loan App?
If we talk about the total loan amount from Small Loan App, then through this application you can take a loan ranging from Rs 1,000 to Rs 2 lakh.
How much interest will be charged on the loan on Small Loan App?
On Small Loan App you get a loan with a reasonable interest rate. On Small Loan App, you can get 0 to 29.95 percent interest per year on the total loan amount. If your credit score is good and you are a reliable customer of Small Loan App then you get the loan without any interest.
For how long will the loan be available on Small Loan App?
If we talk about tenure on Small Loan App, then you get 91 days to 15 months time for repayment.
Fees and charges on Small Loan App
On taking loan from Small Loan App, you have to pay the following fees and charges –
- Processing fees ranging from 2 to 7 percent of the total loan amount has to be paid.
- One Time Service Fees ranging from Rs 20 to Rs 350.
- If you do not pay your EMI on time, you may also be charged Late Payment Penalty. Therefore pay your EMI on time.
Small Loan App Contact Details & Customer Care
If you face any kind of problem with Small Loan App or you have any complaint then you can send a mail on the mail ID given below. The team of Small Loan App answers your question quickly.
- Customer Care Number – Not Available
- Email ID – Smallloangp@Gmail.Com
- Address – 32, Nav Trilik Chs Bldg, L N Road, Dombivili(E), Mumbai, Maharashtra, 421204 IN
Features of Small Loan App
- The process is 100 percent online.
- You can also take a loan up to Rs 1000 through Small Loan App.
- Loan applications get approved very quickly.
- Shortly after the loan is approved, the loan amount is transferred to your bank account.
- Through Online Purchase Loan, you can buy any item of your need on EMI.
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