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Mango Loan

Mango Loan is a personal loan platform that comprehensively evaluates individual user profiles for approval

Mango Loan is a personal loan platform that comprehensively evaluates individual user profiles for approval

Mango Loan

by Quick personal loan
Mango Loan
Mango Loan
Mango Loan

What is it about?

Mango Loan is a personal loan platform that comprehensively evaluates individual user profiles for approval. We analyze users based on various conditions and provide the loan amount they need.

Mango Loan

App Details

Version
1.0.1
Rating
(3)
Size
61Mb
Genre
Finance
Last updated
January 18, 2024
Release date
January 15, 2024
More info

App Screenshots

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Mango Loan screenshot-1
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App Store Description

Mango Loan is a personal loan platform that comprehensively evaluates individual user profiles for approval. We analyze users based on various conditions and provide the loan amount they need.



You don't have to worry about credit scores as it's just a part of our approval process. We consider a variety of factors to approve an appropriate loan amount for you. The entire application process is conducted online, and once approved, the funds are directly transferred to your bank account.



Loan Amount, Term, Fees, and Interest:

Term: The loan term ranges from a minimum of 91 days to a maximum of 210 days. You can choose from terms of 91, 120, 150, 180, and 210 days based on your situation.

Amount: The minimum loan amount is 2000 Rupees, and the maximum is 70000 Rupees. You can select the appropriate amount based on the approval results.

Fees: We charge a 5% processing fee on the loan amount, plus an 18% GST on the processing fee.

Interest: The Maximum Annual Percentage Rate (APR) is 28%.



Let's break it down with an example:
- Loan Amount: ₹10,000
- Loan Term: 91days
- Daily Interest Rate: 0.063%
- Service Charge:500 (10,000* 5%)
- APR: 28%
- GST18% on processing fee:90(500*18%)
- Total Interest: 573.3 (Calculated as 10,000 * 0.063% * 92)
- You will receive: 9,410(10,000 – 500 – 90)
- Total Repayment: 10,573.3 (100,000 + 573.3)




We are committed to providing a flexible and transparent borrowing experience. Mango Loan aims to make meeting your financial needs more convenient. If you have any questions or need further clarification, feel free to contact our customer service team. Thank you for choosing Mango Loan; we look forward to providing you with excellent service.

Disclaimer:
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