ETMoney Instant Personal Loan

Key details of ETMoney personal loan

Loan amount	Rs.6 lakh - Rs.20 lakh
Repayment tenure	2 years - 5 years
Interest rate	11.99% onwards

Other charges and fees

Charges	Fees applicable
Processing fee	3% + GST for loan amount up to Rs.1 lakh 2% + GST for loan amount above Rs.1 lakh
Foreclosure charges	Loan amount disbursed on or after 1 April 2019: 4% + GST for loan closed before 12 months 2% + GST for loan closed between 12-24 months No charges for loan closed after 24 months Loan amount disbursed on or before 31 March 2019: 4% + GST for loan closed before 12 months No charges for loan closed after 12 months
EMI bounce charges	Rs.30
Swap charges for change of bank details	Rs.500
Overdue interest	0.75% per month on the outstanding principal loan amount
Loan cancellation charges (before EMI)	Rs.1,000

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Eligibility criteria

1. You must be a resident of India.
2. Minimum age of eligibility is 25 years and maximum being 58 years.
3. You must be a salaried individual and your minimum monthly salary must be Rs.20,000.
4. You must reside in one of the 700 cities in India in which ETMoney operates.

How to apply for a personal loan from ETMoney?

1. Visit the official website of ETMoney.
2. Under the 'Loan' section click on 'Personal Loan'.
3. You will be directed to a new page where on scrolling down, you can click on 'Apply Now'.
4. You will have to log in either using your Gmail account or any other email account you have.
5. You will have to enter your personal details and fill the application form.
6. Upload the necessary documents as required by the lender and mention the loan amount and the repayment tenure. Once the lender verifies the documents submitted by and you is satisfied that all the details provided by you is correct, the lender will disburse the loan amount to your bank account.

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FAQs on ETMoney Instant Personal Loan

• How long does it take for the lender to disburse the loan amount to my bank account after the completion of the application?

  The lender takes up to 48 hours to disburse the loan amount after the successful submission of the loan application form.

• How can I repay the loan?

  The EMI will be auto debited from your bank account every month. You will have to link the auto repayment setup during the loan application process.

• I have some queries regarding the personal loan. How can I get in touch with an ETMoney representative?

  In case of any query, you can get in touch with an ETMoney representative by sending a mail to help@etmoneycare.com or by calling on the number +91-9205231523

• There has been a delay in the disbursing of the loan amount to my bank account. What should I do?

  In case there has been a delay in the disbursing of the loan amount to your bank account, you must send a mail to pl.support@etmoneycare.com.

• Can I apply for personal loan from ETMoney from their app?

  Yes, you can download the ETMoney app and after entering your personal details, you can apply for a personal loan from ETMoney.