• ETMoney Instant Personal Loan

    You can avail personal loan from ETMoney with interest rates starting at 11.99%. You can avail up to Rs.20 lakh as personal loan and fulfil your various financial needs. ETMoney is a part of Times of India Group and has its branches in over 700 cities in India.

    Why you must avail a personal loan from ETMoney?

    Some of the reasons why you must avail a personal loan from ETMoney are given below:

    • No need to visit any banks for applying for a personal loan.
    • No need of any collateral.
    • No paperwork required.

    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

    Eligibility criteria

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

    How to apply for a personal loan from ETMoney?

    • Visit the official website of ETMoney.
    • Under the ‘Loan’ section click on ‘Personal Loan’.
    • You will be directed to a new page where on scrolling down, you can click on ‘Apply Now’.
    • You will have to log in either using your Gmail account or any other email account you have.
    • You will have to enter your personal details and fill the application form.
    • 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.

    FAQs

    1. How long does it take for the lender to disburse the loan amount to my bank account after the completion of the application?
    2. The lender takes up to 48 hours to disburse the loan amount after the successful submission of the loan application form.

    3. How can I repay the loan?
    4. 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.

    5. I have some queries regarding the personal loan. How can I get in touch with an ETMoney representative?
    6. 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

    7. There has been a delay in the disbursing of the loan amount to my bank account. What should I do?
    8. 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.

    9. Can I apply for personal loan from ETMoney from their app?
    10. Yes, you can download the ETMoney app and after entering your personal details, you can apply for a personal loan from ETMoney.

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