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  • Loanwalle Instant Loans

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  • Loanwalle is a fintech that offers personal loans in as less as 15 minutes. They offer loans of up to Rs.1 lakh. The interest is calculated on a daily basis and the rates start at 0.9% per day. The company features easy documentation, quick application processing, and instant money transfer after approval.

    Loanwalle Personal Loan Details

    Interest rate 0.9% to 1.5% per day
    Loan amount? Rs.5,000 to Rs.1 lakh??
    Loan tenure?? 30 days
    Admin fee Rs.500 to Rs.9,000

    Here is a list of some of the other fees and rates charged by the company:

    Late payment charges 1.8% to 3.0% per day
    Cheque bounce charges Rs.1,000 per instance
    Part prepayment charges No charge
    Foreclosure charges No charge

    Features and Benefits of Loanwalle loans

    • You can get your loan approved within 15 minutes.
    • You can get the money in your account within 30 mins if you provide all the required documents right away.
    • You can get a loan even if your credit score is poor.
    • The company’s dedicated customer care team is available 24 hours a day 365 days of the week.
    • You can apply for a loan after working hours and on holidays as well.

    Eligibility Criteria for Loanwalle Personal Loans

    If you wish to apply for a loan from Loanwalle, you need to check your eligibility first. Given below are the eligibility criteria:

    • You have to be an Indian citizen.
    • You must be living in one of these cities – Mumbai, Hyderabad, Bangalore, Kolkata, or Delhi and NCR.
    • You must be at least 21 years old. The maximum age is 60 years.
    • You must a salaried individual earning a minimum of Rs.15,000 per month.
    • Your salary should be credited to your account every month.

    Documents Required to Apply for a Loan from Loanwalle

    • PAN card
    • Salary account bank statement for the past 6 months
    • Your most recent salary slip
    • Your most recent electricity bill
    • Copies of your address proof – Aadhaar card, voter ID, rental agreement, passport
    • A cancelled cheque of your salaried account

    How to Apply for a Loanwalle Personal Loan

    • Visit Loanwalle’s official website.
    • Apply for the loan by selecting your particulars.
    • You will get a welcome call from the company right away.
    • Once the call is done, submit the required documents.
    • Once your documents are verified, your loan application will be approved.
    • A company executive will visit you to sign the documents and pick up your security cheque.
    • You will get the money as soon as you give the security cheque.

    FAQs

    1. How safe is it to apply for the loan online?

    Loanwalle offers the highest levels of security when you apply for their loans online. All the personal and financial information you provide is encrypted and stored securely.

    2. Once I apply for the loan, how long will I have to wait for a reply?

    Loanwalle usually gets back to applicants within minutes after they apply online. In case they need extra confirmations or documents from you, they may take some more time to contact you.

    3. Will I be able to get the maximum loan amount of Rs.1 lakh if I apply for it?

    The company determines the loan amount you’re eligible for based on a number of factors such as your income, expenses, existing liabilities, and credit score. They will only sanction an amount that they feel you will be able to repay comfortably.

    4. Can I get a top-up loan?

    No, Loanwalle does not offer top-up loans at present. You can apply for another loan only after you finish repaying the one you’ve already taken.

    5. Once I finish repaying my current loan, how soon can I apply for another one?

    You can apply for another loan as soon as you finish paying your current loan. However, the condition is that you should pay back your current loan on time.

    6. How can I foreclose or prepay my loan?

    You can foreclose your loan in the following ways:

    • By writing an email to the company on their official email id.
    • By calling them on their customer care number.

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