How to take a personal loan with Loanfront Personal App? (LoanFront App ?) LoanFront App Personal Loan Details– Features, Loan Amount, Interest Rate, Loan Tenure, Eigibility Criterion, Documents, LoanFront App Loan Instant Apply Online, LoanFront App Loan Customer Care Number All information in this Find it in the post.
In today’s era, the process of taking a loan has become very easy. Loans can be taken from the comfort of your home through the Android app. LoanFront Personal Loan App is also a mobile Android app, which provides the facility of personal loan sitting at home. Personal / emergency needs can come at any time, instead of asking anyone, you can get money for your needs by taking a loan from LoanFront Personal Loan App. Whether it is medical emergency or domestic needs, marriage expenses or higher education expenses, up to ₹ 2,00,000 can be taken from LoanFront Personal Loan App for every type of need, that too from home and mobile phone Through.
Read Also – Loan Eligibility
In this article, detailed information is being given about LoanFront Personal Loan App. How much is a personal loan, what is the interest rate, what is the loan repayment tenure? What are the eligibility conditions for the loan? What are the documents required for the loan? What is the process of taking loan? All the questions are being answered in detail in this post.
Let’s know about LoanFront Personal Loan App:
what is LoanFront Personal Loan App ? | LoanFront App Personal Loan Details
LoanFront Personal Loan App is a Mobile Based Digital Lending Platform, which issues Personal Loan to the customer. This app is operated by RBI Registered NBFC ‘Vaibhav Vyapaar Private Ltd’. This Android app of 10.61 mb has got more than 10,00,000 downloads so far.
LoanFront Personal Loan App offers personal loans up to ₹2,00,000 to its customers with a tenure of 6 months for loan repayment. Complete information about Loan Front Personal Loan App is being given in this article.
LoanFront Personal Loan App| Types Of LoanFront App Personal Loan
The LoanFront Personal Loan app offers the following types of personal loans.
Flexi Personal Loan – Under Flexi Personal Loan, personal loan from ₹ 2000 to ₹ 25,000 is given for 62 days to 3 months. This loan is issued on the basis of PAN card and address proof and gets transferred to the bank account in just 10 minutes.
Personal Loan For Salaried – Under Personal Loan For Salaried, loans ranging from ₹5,000 to ₹2 lakh are issued to the salaried. For this, PAN card, address proof and salary proof are required and this loan is issued for 3 to 6 months.
How to Download LoanFront Personal Loan App ? , LoanFront Personal Loan App Download
LoanFront Personal Loan App is available on Google Playstore. To download it –
- Go to Google Play Store.
- Type LoanFront Personal Loan App in the search box. LoanFront Personal App show will appear in the search result .
- Install the app by clicking on Install.
Benefits
LoanFront Personal Loan App The features of personal loan are given below in detail:
1. Personal Loan up to ₹ 2,00,000
LoanFront offers its customers personal loans up to ₹2,00,000 through the Personal App, which can be used for any personal needs.
2. Flexible payment term
LoanFront Personal Loan App offers flexible repayment tenure for personal loan repayment ranging from 3 months to 6 months, in which the loan can be repaid in easy monthly installments.
3. Affordable interest rates
LoanFront Personal Loan Rates offers personal loans at a monthly rate ranging from 1% to 2.9%. Keep your credit score and credit history good for low interest rate, as the risk profile of the customer is important.
4. Completely Online Process
The process of taking a personal loan from LoanFront Personal Loan App is completely online and can be applied for loan by downloading the app on mobile.
5. Digital process no paper work
LoanFront Personal Loan App provides loan through digital process. This saves you from making trips to the bank or office.
6. Paperless Loan
There is no need to provide physical papers to take a loan from LoanFront Personal Loan App. Whatever few papers are required, they have to be uploaded in the app.
LoanFront App
| Loan Amount | ₹2000 – ₹2,00,000 |
| Loan Tenure | 62 days – 6 Months |
| Interest Rate | 12% – 35% PA |
| Processing Fees | 2% -5% (Low Risk Customer)6% – 8% (High Risk Customer) |
| Technology & Other Related Fees | ₹100 – ₹2500 |
| GST | 18% |
| Age | Min 21 Years |
How much personal loan is available with LoanFront Personal Loan App ? LoanFront App Personal Loan Amount
Personal loan from ₹ 2000 to ₹ 2,00,000 can be taken from LoanFront Personal Loan App. For your small and big financial needs like school/college tuition fees, house rent or repairs, medical emergency or wedding expenses, you can pay EMI as per your monthly budget by taking a personal loan from LoanFront Personal Loan App.
| LoanFront Personal Loan App | Min. Amount | Max. Amount |
| ₹2,00,000 | ₹2000 |
LoanFront Personal Loan App What is the personal loan interest rate ? , LoanFront App Personal Loan Interest Rate
LoanFront Personal Loan App offers attractive interest rates and the personal loan taken through this app has a fixed interest rate of minimum 12% to maximum 35% per annum. The interest rate ranges from 1% – 2.9% on a monthly basis. The interest rate is determined by assessing the risk profile, repayment capacity of the customer.
| LoanFront Personal Loan App | Interest Rate |
| 12% – 35% P.A. |
Example :
Flexi Personal Loan
Loan Amount – ₹12,000
Interest Rate – 27% PA
Payment Term – 4 Months
Processing Fee – ₹690 (5.75%)
New Customer On Boarding Fee – ₹100
GST (on processing and on boarding fee) – ₹142
Interest Rate – ₹544
EMI – ₹4181
APR – 45%
Total Payment Amount – ₹ 12,544
Personal Loan For Salaried
Loan Amount – ₹20,000
Interest Rate – 25% PA
Payment Term – 6 Months
Processing Fee – ₹1000 (5%)
New Customer On Boarding Fee – ₹200
GST (on processing and on boarding fee) – ₹ 216
Interest Rate – ₹1483
EMI – ₹3581
APR – 27%
Total Payment Amount – ₹21,483
For how long can one get a personal loan from LoanFront Personal Loan App ? , LoanFront App Personal Loan Tenure
LoanFront Personal Loan App The repayment period of Personal Loan is fixed from 62 days to 6 months. From the above tenure, you can choose the repayment tenure as per your convenience, budget and capability and pay the loan taken on monthly installments. The longer the repayment period, the smaller the monthly installment.
| LoanFront Personal Loan App | Min. Time Period | Max. Time Period |
| 62 days | 6 Months |
Eligibility Criteria
To take a personal loan from LoanFront Personal Loan App, the prescribed eligibility conditions have to be fulfilled. You will be able to take the loan only after fulfilling the eligibility conditions. The details of the criteria prescribed are as follows:
- Applicant should have permanent citizenship of India.
- Applicant’s age should be more than 21 years.
- The monthly income of the applicant should be more than ₹ 15,000.
Documents Required
Like every loan app, the LoanFront Personal Loan App also asks for documents to grant the loan. Your veracity is verified on the basis of the documents which are required before disbursing the loan. Given below is the list of documents required for personal loan from LoanFront Personal Loan App:
- Identity Proof – Aadhar card or PAN card can be presented as a proof of identity.
- Address Proof – Government ID like Aadhar Card, Passport can be presented in the proof of address.
- Salary Slip – Salary slip is asked to verify the authenticity of the source of monthly income, so the latest salary slip has to be uploaded in the app.
4 Selfie – It is also necessary to upload your selfie along with other documents .
Processing Fees & Other Charges
The information about the processing fee and other charges to be taken while issuing LoanFront App Personal Loan is as follows:
Processing Fees – The one-time processing fees set by the LoanFront Personal Loan App range from 2% to 8%. The customer profile is a key factor in determining the rate of processing fee. The processing fee rate for low risk customers ranges from 2% to 5%, while for high risk customers the processing fee rate ranges from 6% to 8%. Therefore, it is important to have a good credit score and credit history of the customer.
Registration Fees – One-time registration fees are also charged in LoanFront App Personal Loan, which ranges from ₹100 to ₹500. It is also determined according to the risk profile of the customers and the product.
GST is also charged by LoanFront App according to the rate fixed by the government. At present the rate of GST is 18%.
How To Apply For LoanFront App Personal Loan
Applying for a personal loan is done through a digital process in the LoanFront Personal Loan App. For this, you need a smart phone, in which the application has to be made by downloading the LoanFront Personal Loan App. The application process is as follows:
- First of all download LoanFront Personal Loan App from Google Play Store.
- Once the app is downloaded, register with your mobile number and create your account.
- After that login and fill your basic details (name, address, job, occupation, income etc.).
- After filling the information, your information will be verified and based on that your eligibility will be checked. Then you will be given loan offers.
- Select the loan offer of your choice and upload KYC documents, provide bank details and submit the application.
- Your application will be verified. Once the verification is complete, if found correct, the loan will be approved and the loan amount will be transferred to your bank account.
LoanFront Personal Loan App Customer Care Contact Details | LoanFront Personal Loan App Customer Care Number & Contact Details
To get in touch with the customer care of LoanFront Personal Loan App, you can use the following channels:
Customer Care Number
08048126351
Customer Service Email
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