LOANZO

LOANZO is a digital personal loan app in India, operated by FINALOP TRADE LINKS SOLUTIONS PRIVATE LIMITED.

LOANZO provides a digital process for eligible users to apply for personal loans, complete KYC, review loan terms, sign the loan agreement, receive disbursement to their bank account, and manage repayments.

Our lending partner is NARAINSONS INVESTMENTS FINANCE AND CONSULTANCY PRIVATE LIMITED.
Website: https://narainsons.com/

Eligibility:
- Indian nationality
- Age 18 years or above
- Active Indian mobile number
- Valid PAN, Aadhaar, or other government identity/address proof
- Active bank account or UPI account in the applicant’s name
- Employment, income, credit assessment and eligibility checks apply

Documents and information required:
- Mobile number and email address
- Selfie and liveness verification
- PAN card
- Government ID or address proof, such as Aadhaar or Driving License
- Bank account details for disbursement and repayment
- Employment, income and other loan application information

Personal data is collected only for account registration, KYC, identity verification, credit assessment, fraud prevention, loan processing, repayment, customer support and regulatory compliance. The app does not collect SMS, call logs, phone contacts, installed app lists, precise location, background location, Advertising ID, IMEI, IMSI or unrelated files.

Loan disclosure:
- Loan amount: Rs. 1,500 to Rs. 2,00,000
- Loan tenure: 3 to 24 months
- Interest rate: 15.95% to 35.95% per annum
- Maximum APR: 50% per annum
- Processing fee: 1% to 7.5% of the loan amount
- GST: Applicable on fee components as per Indian law
- Late payment charges: Applicable only in case of delayed repayment
- No personal loan offered through the app requires full repayment in 60 days or less

All applicable loan terms, fees, repayment schedule and charges are disclosed before acceptance through the Key Facts Statement (KFS) and loan agreement.

Representative example:
Loan amount: Rs. 50,000
Tenure: 12 months
Interest rate: 17.95% per annum
Processing fee: Rs. 1,000
One-time registration fee: Rs. 250
GST on fees: Rs. 225
Amount disbursed: Rs. 48,525
EMI: Rs. 4,583
Total repayment amount: Rs. 54,996
APR: 23.77%

How to apply:
1. Install LOANZO.
2. Register with your mobile number and email address.
3. Complete KYC and eligibility checks.
4. Provide bank account details.
5. Review the KFS, loan agreement, interest, fees and repayment schedule.
6. Accept and sign the agreement.
7. Receive the approved loan amount in your bank account.

Repayment options:
- UPI
- GPay
- PhonePe
- Bank transfer
- Other payment methods shown in the app, where available

Why choose LOANZO:
- Digital loan application and repayment process
- Transparent loan terms and pricing
- KFS and loan agreement disclosed before acceptance
- Multiple repayment options
- Customer support available during working hours

Customer support:
Working hours: 9:00 AM to 6:00 PM, Monday to Saturday
Email: finlop95@gmail.com
Phone: 98189 97364
Office address: H-165, Sector-63, Noida, Gautam Buddha Nagar, Uttar Pradesh, India, 201301