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Everlon is your trusted loan app for instant cash loans in India

Everlon loan app instant cash

by EVERLON FINANCIALS LIMITED

What is it about?

Everlon is your trusted loan app for instant cash loans in India. Access quick funds with our seamless personal loan app. Experience hassle-free borrowing with Everlon, your instant loan solution.

App Details

Version
1.0.0
Rating
NA
Size
24Mb
Genre
Finance
Last updated
March 27, 2024
Release date
March 26, 2024
More info

App Screenshots

App Store Description

Everlon is your trusted loan app for instant cash loans in India. Access quick funds with our seamless personal loan app. Experience hassle-free borrowing with Everlon, your instant loan solution.

1. Living in India.
2.20-55 years old.

Loan Details:
Loan Amount: Up to 500,000 Rupees.
Loan Term: 3 – 12 months.
Processing Fee: Up to 2% of the loan amount.
Daily Interest Rate: 0.07%.
Maximum Annual Interest Rate: 32.8%.

Example:
Loan Amount: ₹ 50,000
Processing Fee (1% of the loan amount * 18% GST): ₹ 590
Total Loan Amount: ₹ 50,590
Interest Rate: 25% per annum (calculated on the reducing principal balance)
Term: 12 months
Your EMI: ₹ 4,808
Total Repayment Amount: ₹ 4,808 x 12 = ₹ 57,696
Total Interest Paid: ₹ 57,696 - ₹ 50,590 = ₹ 7,106
Total Cost of the Loan: ₹ 7,106 + ₹ 590 = ₹ 7,696
Annual Percentage Rate (APR): 27.3%

Why do we borrow?
Easy:
Submit simple basic documents through online system.
Fast:
We reviewed and approved the loan within 3 minutes. You can get cash in 10 minutes.
Trust:
We are registered and licensed according to Indian laws, and our services are fast, easy and highly confidential for all customers.
Email:
contact@everlonfin.com

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