Friends, there are some people who get money easily if they need money. But friends, there are many such people who are unable to get money even after trying from everywhere. When they need money, these people go to the bank, ask for money from friends, ask for money from relatives. But still they are not able to get money from anywhere. And you know that friends how difficult it has become to get a loan from the bank in today’s time. To take a loan from the bank, we need a lot of documents, we have to complete a lot of formalities. Then we know how to get a loan from the bank. In such a situation, those people who can not get money from anywhere, they become very upset. But friends, now there is no need to worry about money. Now let’s put your money related stress aside. Because in today’s post we are going to talk about how you can take online loan. The loan about which we are going to talk about is Phocket Loan App. From this app you can get your loan amount transferred to your account very easily without any hustle. Today we are going to know that how much loan amount you will get from Phocket Loan App, what is the interest rate of Phocket Loan App, what is the tenure rate of Phocket Loan App and many more things we are going to know in this post. So let’s start our today’s post.
How Much Loan Amount We Can Get From Phocket Loan App?
Friends from Phocket Loan App we can get a maximum loan amount of ₹ 5,000 & ₹ 2,00,000. That much loan amount would be enough for our all needs.
What Is The Tenure Rate Of Phocket Loan App?
Friends from Phocket Loan App you will get a time period of upto 62 days – 365 days to repay the loan amount.
What Is The Interest Phocket Loan App?
Friends Phocket Loan App will charge a maximum rate of interest of 0% – 36% per annum.
Phocket Loan App Other Charges?
Friends beside of this you have to pay 0-5% service charges.
Phocket Loan App Example
Loan Amount: ₹ 20,000
Tenure: 3 Months
Interest: Flat 36% per annum
Processing Fees (incl. GST): ₹ 708
Disbursed Amount: ₹ 20,000 – ₹ 708 = ₹ 19,292
Flat Interest: ₹ 20,000 * 3/12 * 36% = ₹ 1,800
Total Repayment Amount: ₹ 20,000 + ₹ 1,800 = ₹ 21,800
Monthly EMI: ₹ 21,800 / 3 = ₹ 7,267
Total Cost of loan: Interest Amount + Processing Fees = ₹ 1,800 + ₹ 708 = ₹ 2,508.
Phocket Loan App Eligibility Criteria?
- Indian Citizen
- Age above 20.
- Should have a monthly source of income.
Phocket Loan App Documents Required?
- Aadhar Card
- Pan Card
- Bank Account
- Should be an Indian citizen.
How To Get Loan From Phocket Loan App?
- Download the Phocket Loan App.
- Register a personal account in the app.
- Choose your loan amount and loan period.
- Fill in personal information.
- Submit your loan application.
- You will get your loan amount credited to your account after this.
Phocket Loan App Features?
- No credit history required.
- 100% Paperless loan application process , no bank visits.
- High loan approval rate.
- Direct Bank Transfer once approved.
- Access your cash anywhere & anytime in India
- Repay on time, the loan amount gradually increases. Variety of convenient repayment methods.
- Loan amount upto 2 lakh.
- Safe customer info.
In this post we got to know that how can we apply for a loan from Phocket Loan App, how much loan amount we will get from Phocket Loan App, what is the interest rate of Phocket Loan App, what is the tenure rate of Phocket Loan App. All these things we got to know in this post. If you liked this post then please share this post with your friends or your colleagues. Thank you so much for giving your precious time to this post.