Glow Credit - Instant loan app

Glow Credit is a personal loan platform operated by JAGRAWAL CREDITS PRIVATE LIMITED, a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), Registration No.: B-14.02385.

You may verify our RBI registration at:
https://rbi.org.in/Scripts/BS_NBFCList.aspx

Company CIN: U65100DL1992PTC050517
Official Website: https://www.jagrawal.com
Our RBI Certificate of Registration (COR) is publicly available here:
https://www.jagrawal.com/license.html

Registered Address:
DDA SFS Flat No. D-7/7431, Vasant Kunj, South Delhi – 110070, Delhi, India

JAGRAWAL CREDITS PRIVATE LIMITED is both the licensed lender and service provider for the Glow Credit app. We handle all aspects of digital lending, including loan disbursement and repayment, directly within the app.

Main Business Scope:
Offering personal and instant digital loans
Providing financial services via mobile application
Loan application available for users submitting authentic and complete KYC documents

Loan Information:
Loan Amount: ₹1,000 to ₹70,000 (subject to eligibility and underwriting evaluation)
Loan Tenure: 120 days
Interest Rate: Daily interest of 0.05%, equivalent to an approximate Annual Percentage Rate (APR) of 18.25% to 26.04% depending on loan utilization
Processing Fee: 2% of the approved loan amount
GST: 18% applicable on the processing fee as per government regulations

Illustrative Example:
For a sanctioned loan of ₹10,000:
Processing Fee (2%): ₹200
GST (18% of ₹200): ₹36
Disbursed Amount: ₹10,000 - ₹200 - ₹36 = ₹9,764
Interest (120 days @0.05% daily): ₹600
Total Repayment Amount: ₹10,600 (Principal + Interest)

Additional Features:
Good repayment history can unlock higher loan amounts
Upon successful repayment, next loan product will be unlocked
Users with good credit and complete, real information may receive faster disbursement