ReadyLoanPro: A Loan App for Indian Residents
ReadyLoanPro is a loan app developed by Matirol that offers loans ranging from ₹10,000 to ₹90,00,000 with interest rates of 0% to 29.95% per annum and tenure of 91 to 1095 days. The app also charges processing fees of 0% to 1.5% (Min ₹0+GST and Max ₹899+GST).
To illustrate, for a loan of ₹10,000 with a tenure of 100 days, the interest would be ₹667, processing fee would be ₹120, and GST would be ₹18. The total repayment amount would be ₹10,805.
To be eligible for a loan, the user must be an Indian resident above the age of 21 years and have a monthly source of income. The app is powered by LenDenClub, an RBI registered NBFC.
Overall, ReadyLoanPro is a useful app for those seeking loans in India. However, users should carefully review the interest rates and processing fees before applying for a loan.
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