CapitalNow loan App Description
CapitalNow is a mobile based Instant Personal Loan app
Applicant can apply for a Personal Loan up to 1,50,000(1.5 lacs) anytime from anywhere.
The applicant can apply only online.
on approval of the loan after the apps verification formalities the fund is immediately transferred to your bank account.
Eligibility and benefits
- All indian Citizens are eligible to apply for loan from CapitalNow app
- Income should be atleast 30000/month
- Decision about loan sanctioning don’t take more than 5 minutes.
- On approval of the loan sanctioned amount is immediately tansferred to the applicant bank account.
- CapitalNow offers convenience of multiple repayment methods
CapitalNow loan app -Loan availibility and interest charges
- Applicant can apply for the loan amount from as low as Rs 10000 to Maximum of Rs1,50,000( 1.5 lacs)
- Interest charges-maximum annual interest rate is 36% per annum
How CapitalNow loan app works
step 1– Install CapitalNow Loan app from Google Playstore
step 2 register yourself via your Mobile
step 3 Fill the information required and upload the relevant documents
step 4– e-sign the agreement
step 5– Get cash on approval
Documents needed for CapitalNow Loan app
- Aadhaar card(its for your address proof verification)
- Pancard(Identity Proof)
- Recent salary slip
- Salary credit bank statement (last 3 months)
- A bank account to transfer the fund and future interactions.
- A selfie to be taken and submitted via your mobile
Products of CapitalNow
- CapitalNow offers intant Personal Loan up to Rs 1.5 lacs
- Finance 2 wheeler loan up to Rs 1.5 Lacs
- CapitalNow also provides Salary advance loans
- CapitalNow also offers the line of credit.
Pros and cons
CapitalNow Loan app provides fast and secure Loan within a short span of time.
the interest rate charged is very high
Conclusion
CapitalNow is an user friendly Loan app with instant solution to the fund requirement .
heavy interest rate and short term loan period are two disadvantage of opting for it, its advisable to compare it with other app and then apply for the Loan.
Must read: How to get Personal loan approved
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