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Loan Amount | Interest Rate | Tenure (in months) | EMI in Rs |
---|---|---|---|
₹5,00,000 | 18% | 6 | ₹8776.26 |
₹5,00,000 | 18% | 9 | ₹5980.49 |
₹5,00,000 | 18% | 12 | ₹4584 |
Zype stands out when it comes to personal loans for salaries up to ₹18,000 because of its borrower-friendly features. Here is how Zype caters to your needs:
Zype never asks for any collateral. You can secure a loan without providing any asset, which simplifies the borrowing process.
After you have completed your application, you can get approved for a unsecured personal loan for ₹18,000 in 60 seconds. And after you’ve accepted your loan offer along with KYC, you can get the loan directly into your registered bank account instantly.
With Zype, you benefit from attractive and affordable personal loan interest rates, starting at just 1.5% monthly interest, making your loan repayment easier on your wallet.
Zype provides convenient repayment options between 6, 9 and 12 months EMI. You can choose a schedule that works best for your financial situation and repay according to your convenience.
Simplified paperwork requirements make the application process smoother.
E = 500000 x R x (1+R)^N / [(1+R)^N-1]
E is the EMI you need.
d to pay every month
R is your monthly interest rate. To get this, divide your annual interest rate by 12 and then by 100 to turn it into a decimal.
N is the total number of months you’ll be paying the EMI.
10,000
25,000
1
34
1
72
Applicants must be at least 21 years old
You need to be an Indian with a valid PAN and Aadhaar card.
Zype offers personal loans only to salaried professionals.
You need a minimum monthly salary of 15,000.
For KYC, Zype will only require your PAN card and Aadhaar card number.
You need to complete a real-time selfie verification when doing your KYC.
Zype doesn’t require your income proof. However, you can provide your bank statement of the previous 4 months if you want to increase your approved loan amount.
Tenure (Months) | Interest Rate (per annum) |
---|---|
Interest Rate | Starting at as low as 1.5% (monthly) |
Loan Processing Charges | Processing fees from 2% to 6% on every loan |
Penalty on Overdue EMIs | Late payment penalty charges & overdue interest will be charged to your total outstanding loan on daily basis |
1) Once you have installed the Zype app from the Google Play Store or Apple App Store, fill in the following details – name, mobile number, PAN number and employment details.
2) Now Zype will generate a loan offer which would not take more than 60 seconds.
3) After this, you would need to undergo the KYC process by entering your Aadhaar number and completing photo verification by clicking your selfie.
4) Now you are ready to take a loan. Just enter the loan amount and repayment tenure.
5) You will receive the money in your account in no time.
Your loan eligibility is typically determined based on your salary, existing financial commitments (like EMIs), and credit history. However, Zype offers a personal loan up to Rs, 5,00,000 if you fulfil certain basic requirements.
Zype requires you to fulfill few personal loan eligibility criteria:
Yes, personal loans are generally unsecured, meaning you don’t need to pledge collateral like property or assets. Zype offers personal loans up to ₹5 lakhs to salaried individuals who have a valid PAN and a minimum monthly salary of ₹15000. Complete your application in less than 6 minutes and get approved for a loan within 60 seconds.
Always use the personal loan according to your urgents needs and ensure you budget responsibly to comfortably repay the loan within your salary constraints.
Repaying a personal loan on Zype is as convenient as borrowing it. You can take an instant loan now and pay later in 6, 9 or 12 EMIs.
Zype involves only processing fees from 2% to 6% on every loan and there are penal interest & late fees that will be charged to your total outstanding loan, if you fail to repay the loan on time. The best part is there are no pre-closure charges involved.
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