Loan Criteria
How We Serve You Payment Example
Loan Amount
₹10,000 to ₹2,00,000
Interest Rate
36% Per Annum
APR (Max)
36% Max
Age Limit
21 to 55 Years
Processing Fee
Up to 10%
Loan Tenure
90 to 180 Days
Late Payment Fee
As applicable
Pre-closure Charges
As applicable per terms
Sample Loan Calculation
This is an example of a ₹30,000 loan taken for 90 days at an interest rate of 30%.
Monthly EMI
₹ 10,750
In-Hand Amount
₹ 29,410
Loan Breakdown
Loan Amount
₹ 30,000
Duration
3 Months (90 Days)
Interest Rate
30% p.a.
Total Loan Interest
₹ 2,250
Processing Fees + GST
₹ 500 + ₹ 90
₹ 590
PF + GST are deducted at the time of loan disbursal itself.
| Charge Type | Typical Range |
|---|---|
| Age | Between 23 and 60 years old |
| Income | Minimum ₹45,000 per month |
| Credit Score | 650 or above |
| Nationality & Employment | Indian citizens employed with a private limited or registered company, or holding a government job. |
| Required Documents | Aadhar, PAN, salary slips, bank statements, utility bills, ITR, rent agreement, business registration documents, and other relevant proofs. |
| Important Loan Disclosure | Before proceeding with your loan application, please review the following important information carefully: |
| Loan Amount | You can apply for a personal loan ranging from ₹5,000 (minimum) to ₹2,00,000 (maximum) |
| Repayment Period (Tenure) | Loans are available for a minimum tenure of 7 days and a maximum tenure of up to 365 days, depending on eligibility and loan type. |
| Annual Percentage Rate (APR) | The APR ranges from 15% to a maximum of 31% per annum. The APR includes the interest rate and applicable mandatory fees, calculated in accordance with local laws. |
| Processing Fee | Up to 2% of the loan amount* |
| Prepayment Charges | No |
| Pre-closure Charges | No |
| Cheque Bounce Charges | ₹1,000 per instance |
FAQ’S
Financial Support When Life Can’t Wait
Quick, transparent, and hassle-free short-term loans designed to take care of your immediate needs. At Loan For Care, we bridge the gap between your goals and your budget.
A short-term loan is a quick financial solution designed to cover immediate expenses until your next paycheck or for a specific duration (usually 3 to 12 months). At Loan For Care, the process is entirely digital: you apply online, get approved, and receive the funds directly in your bank account.
We value your time. Most applications are reviewed within minutes. Once your documents are verified and the agreement is signed, the funds are typically disbursed within 24 hours, ensuring you get the care you need without the wait.
To apply for a loan with us, you generally need to: 1. Be at least 21 years old. 2. Be a resident with valid ID proof. 3. Have a stable source of monthly income. 4. Possess an active bank account for fund transfer and repayments.
Transparency is our priority. All interest rates, processing fees, and repayment terms are clearly mentioned in your loan agreement before you sign. We do not have any hidden "surprise" costs.
Yes! We encourage financial freedom. You can choose to settle your loan early. Depending on your specific loan product, there may be minimal or zero foreclosure charges—please check your specific terms or contact our support team for details.