MICROMONEY 1.0.0

Micromoney is presented as a reliable option for short-term personal loans, catering to individuals facing unexpected expenses or seeking quick financial solutions. The platform emphasizes rapid approvals and flexible repayment structures, which contribute to a user-friendly borrowing experience. Applications can be completed in minutes, and loan management is facilitated through a dedicated mobile app.

Key Features:

• No security deposit required
• No hidden charges
• Loan amounts ranging from ₹5,000 to ₹2 Lakhs
• Loan tenure from 62 days to 365 days
• Annual percentage rate (APR) varying between 0% - 36%
• Fully digital process for application and management
• 24/7 accessibility via mobile application
• Minimal documentation requirements
• Instant approval for timely financial support
• Direct transfers to bank accounts post-approval
• Transparent terms and conditions

Why Choose Micromoney?

• Fast approval process
• Secure transactions
• Flexible repayment options
• Transparent terms
• Supportive customer service

Eligibility Criteria:

• Salaried individuals
• Aged 21 years or older
• Minimum monthly take-home salary of ₹15,000

Documentation Required:

• PAN card
• Aadhaar card
• Bank statement of salary account

Sample Loan Calculation:

• Loan amount: ₹15,000
• Tenure: 3 months
• Interest rate: 36% per annum (flat)
• Processing fees (including GST): ₹826
• Disbursed amount: ₹14,174 after fees
• Total repayment amount: ₹16,350, comprising principal and interest
• Total cost of loan: ₹2,176 including fees and interest

Interest Rates and Other Charges:

• Interest rates range from 0% to 36%
• Late payment charges: Up to 8.33% per month on dues, with a minimum charge of ₹500 + GST
• No prepayment charges are applicable
• Processing fees ranging from ₹500 to ₹11,918 depending on the loan amount and tenure

Approval Process:

1. Download the app and create an account.
2. Complete the loan application and submit necessary documents.
3. Your application will undergo evaluation for prompt approval.
4. The approved loan amount will be directly transferred to your bank account.

Safety & Security:

• The platform primarily accesses transactional SMS for credit assessments.
• User device information securely links the loan application.
• User location data assists in serviceability evaluations.
• The app facilitates document uploads through camera access.

For more information regarding our policies, visit: Micromoney Privacy Policy.

Contact Us:

If you require assistance or support, please reach out via email at [email protected].

Micromoney partners with RBI-compliant NBFCs such as Yashik Finlease Pvt. Ltd.