With Zype, you get a smooth loan experience while offering you a super-fast loan. Here’s how:
After you have completed a quick and easy application, you can get approved for a loan in 60 seconds. Complete a 3-step KYC verification and receive the money directly into your registered bank account instantly.
Taking a personal loan from Zype feels light on the pocket because of the affordable interest rate. You can get a personal loan up to ₹5 lakhs starting at just a 1.5% monthly interest rate.
Borrowing money from Zype will never feel like a financial burden because of its flexible repayment plans. Based on your budget, you choose a repayment tenure of 6, 9 or 12 EMIs.
All Zype loans are unsecured loans. This means you don’t have to provide any collateral as security to get access to the money you need.
10,000
5,00,000
1
34
1
72
One of the good borrowing practices is to calculate your EMIs for personal loan before you even start your application process. This can help you compare offers across various lenders and choose the best terms of borrowing that fit your budget.
Calculating the EMIs before you take a personal loan can help you plan your budget better & even compare offers across various lenders.
Here’s the formula used to calculate EMIs for your ₹50000 loan
E = 50000 x R x (1+R)^N / [(1+R)^N-1], where
E is your personal loan EMI amount
R is the monthly interest rate
N is the no. of months of EMI payment
You can either use this formula or quickly find out your EMIs using Zype’s personal loan EMI calculator.
When completing your application you have to provide the required information and documents of your lender. And the reason why you can complete your personal loan application in less than 6 minutes on Zype is because you don’t have to provide any required documents or paperwork.
Complete a real-time selfie verification to complete your KYC.
Enter your PAN & Aadhaar number along with a few basic details to complete your application & activate your loan (Physical documents not required)
Want to increase your loan limit? Upload your bank statement for the last 4 months and get approved for a higher amount.
21 years or above
Valid PAN & Aadhaar card
Salaried individual
Monthly income of at least ₹15,000
Whenever you take a personal loan from any financial institution, there will be some charges associated with the borrowing. This includes the interest rates, pre-closure charges, etc.
Taking a bike loan from Zype means getting full transparency about your terms of borrowing.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting at 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 a daily basis |
1) Download the Zype app and create your account by registering your mobile number.
2) Add PAN number along with some other basic details like name, email address, employment details, etc.
3) Get approved for a loan offer within 60 seconds based on your profile.
4) Unlock your approved limit by completing an Aadhaar linked mobile OTP and selfie verification to complete your KYC.
5) Select your desired loan amount & EMI option.
6) Receive the cash directly to your bank account instantly.
Zype instant personal loan for two-wheeler is the best loan to purchase your dream bike. With an easy application, instant approval and quick disbursal, you can get up to ₹5 lakhs instantly.
Typically, the downpayment to buy a bike is 15-30% of the price of the two-wheeler. If you’re purchasing a two-wheeler of a lower amount, then the down payment will automatically reduce.
While different lenders may have different policies for this. As long as you make your monthly repayments on time, there is no end restriction on the loan amount or the things purchased with the loan amount.
If you take a personal loan of ₹5 lakh @18% annual interest rate for a two-wheeler, this is what your repayment will look like.
| Loan Amount | Interest Rate (p.a.) | Tenure (in months) | EMI in Rs. |
| Rs. 5,00,000 | 18% | 6 | Rs. 87762.61 |
| 9 | Rs. 59804.91 | ||
| 12 | Rs. 45840 |
Copyright © 2024 Easy Platform Services Pvt Ltd. All rights reserved.
