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Fast Approval
Get approved in 5 minutes, funds in 24 hours.
Transparent Process
No hidden fees, clear terms and conditions.
Flexible Repayment
Choose repayment plans from 12 to 60 months.
Customer Support
A dedicated support team ready to assist you.
These Terms and Conditions govern your use of LoanHub’s loan services. By applying for a loan with LoanHub, you agree to comply with and be bound by these Terms.
TERMS AND CONDITIONS
Eligibility
- Applicants must be between 21 and 60 years of age.
- A minimum monthly income of ₹25,000 is required.
- Applicants must be either salaried employees or self-employed with a stable income.
- A good credit history is preferred but not mandatory.
Rates & Charges
- Minimum Loan Amount
Rs. 5,000 /-
- Maximum Loan Amount
Rs. 200,000 /-
- Tenure
3 months to 1 year
- Processing Fee
2% of the loan amount
- Pre Closure charges
None
- Annual Percentage Rate
18% to 36%
- Rate of interest
Monthly @ 2% to 2.72%
- Cheque bounce charges
Rs. 1000 /-
|
Loan Amount
|
Tenure
|
Rate of Interest
|
Administrative Fee
|
APR
|
Deposit Amount
|
Monthly EMI
|
Total Interest
|
|---|---|---|---|---|---|---|---|
|
100000
|
12
|
32.64%
|
2000
|
35.96%
|
98000
|
9847
|
18168
|
| 100000 | 12 | 32.64% PA | 2000 | 35.96% | Rs. 98000 | 9847 | 18168 |
| Loan amount | Tenure | Interest Rate | Admin Fee | APR | Amount Deposit | Monthly EMI | Total interest |
|---|
APR Calculation
Getting your Annual Percentage Rate (APR) is straightforward. Just provide the amount you wish to borrow, the duration of the loan, and any additional fees. We’ll quickly calculate the APR for you, offering a clear breakdown of borrowing costs. This transparency empowers you to make informed decisions that align with your financial goals. It’s a hassle-free way to explore and understand your loan options, ensuring you find the right fit for your needs.
Fees and Rate of Interest
Our competitive interest rates are determined based on factors like credit score, income ratio, and existing liabilities of borrowers, which may vary.
Documents Required & Eligibility Criteria
No physical documents are needed. Ensure you have clear scanned copies of:
- Age: 21 to 60 years
- Income: Minimum ₹25,000/month
- Employment: Salaried or self-employed
- Credit Score: Preferably good
- ID Proof: Aadhar Card, PAN Card, Passport, or Voter ID
- Address Proof: Utility Bill, Rental Agreement, or Passport
- Income Proof: Salary slips (3 months), bank statements (6 months), or IT returns
- Photograph: Recent passport-sized photo