Kovai Loan instant loan app

Kovai Loan offers quick and efficient access to instant personal loans through its secure loan app. Make informed financial decisions with Kovai Loan, your trusted personal loan app in India.


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:kovailoan@outlook.com