MoneyWOW is online instant lonas, and offering its users a credit limit between ₹50,00 to ₹ 1 lakh with instant approval and zero collateral.
Depends on the customer's risk profile and loan tenure, Our interest rate with a maximum of 30% (APR), our easy repayment Tenure from 91 days (minimum)—180 days (maximum).
For Example:
If the loan amount is ₹5000 and the interest rate is 30% per annul with the tenure of 91 days, after deducting the processing fee, the interest payable is as follows :
Interest = ₹5000 * 30% / 365 * 91 = ₹373
Process fee = ₹5000 * 8% = ₹400
Eligilbility:
1. Indian Resident
2. 21-50 years old
3. Source of a monthly income
Documents requried
- A Selfie
- One cheque or Payslip or Bank Statement
How it works
1. Download MoneyWOW App from Google Play
2. Sign Up and Login with Phone Number
4. Complete basic information and upload KYC documents
5. Verify information and Credit risk profile
6. Select the loan amount and for how long you want to borrow
7. Get money in your Bank Account
8. Repay anytime before due date