Monethics loan App Description
Monethics loan app is a mobile based Instant Personal Loan app
Applicant can apply for a Personal Loan up to Rs 2,00,000 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 Monethics app
- even people with low credit history or without a credit history can apply
- 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.
- Monethics offers convenience of multiple repayment methods
- if the Loan is returned before the time its been taken for their is no penalty imposed on the borrower.
- should be an employee of the entity registered with Monethics
Monethics loan app -Loan availibility and interest charges
- Applicant can apply for the loan amount from as low as Rs 2500 to Maximum of Rs2,00,000
- Tenure-minimum time for which the loan can be taken is of 62 days and maximum time is 183 days
- Interest charges-maximum annual interest rate is 15% to 36% per annum
How Monethics loan app works
step 1– Install Monethics 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 Monethics Loan app
- Aadhaar card(its for your address proof verification)
- Pancard(Identity Proof)
- A bank account to transfer the fund and future interactions.
- A selfie to be taken and submitted via your mobile
Pros and cons
Monethics Loan app provides fast and secure Loan within a short span of time.
the interest rate charged is very high
Conclusion
Monethics 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.
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FAQ
Yes, you should be an employee with the entity registered with Monethics.
You have to send your Employer details like Name, Adress, HR email id to Monethics on connect@monethics.in and their team will try to get in touch with your employer and try to get them registered with them.
Your loan application is considered by NBFC-Venus Portfolio and Finance Pvt Ltd, The decision of Venus shall be final.