AnyTimeLoan Instant Personal Loan: Interest Rates, Eligibility, How to Apply

Avail instant personal loan online with Anytime Loan up to Rs 10 lakh for a maximum tenure of 3 years. There is no prepayment charge on pre-closure. Its interest rate starts from 0.05% per day.

Anytime Loan Full Details

Loan amount 1,000 to 10 lakh rupees
Rate of interest 18.25% to 54.75% p.a.
Tenure 1 day to 3 years
EMI per lakh Rs 3,628.00
Processing fee Up to 2% of the loan amount
Prepayment fee Zero
Request completion time At least 1 minute
Minimum age 18 years
Minimum income Rs 15,000 per month

AnyTimeLoan Loan Types

1. Personal Loan

Membership: Anytime Loan has three different membership tiers in Silver, Gold and Platinum. The loan amount and rates depend on the membership level.
Use of loan amount: It can be used for any purpose. There is no restriction on end use.

Quantum:

For Silver Membership: Minimum Rs.1,000 and Maximum Rs.50,000
For Gold Membership: Minimum Rs.1,000 and Maximum Rs.70,000
For Platinum Membership: Minimum Rs.1,000 and Maximum Rs.1,00,000

Rate of interest:

For Silver Membership: 0.1% to 0.15% per day.
For Gold Membership: 0.01% to 0.07% per day.
For Platinum Membership: 0.01% to 0.07% per day.

Repayment: Amount to be repaid between 1 – 30 days.
Repayment Extension: Extension will be allowed for a period of 30 days with some additional charges.
Processing Fee: 1.5% of the loan amount or Rs 750, whichever is higher.
Extension Fee: 2% of the closing balance or Rs.1,000, whichever is higher.
Penal charges for default of payment: Rs.500 per day.
Default interest : 0.15% per day.
Cash Deposit Fee : Rs.250

2. K12 Education Loan

Objective: To meet the education expenses from Kindergarten to Class 12.
Amount: Minimum Rs.5,000 to maximum Rs.5 lakh.
Interest : Interest rate at 3% per month.
Repayment:
Processing fee to be paid in 2 EMIs : 1.5% of the loan amount or Rs.3,000, whichever is higher.
Penal charges for default of payment: Rs.500 per day.
Default interest : 0.15% per day.
Cash Deposit Fee : Rs.250

3. Business Loan

Purpose: To fulfill the business requirement.
Amount: Minimum Rs.10,000 and maximum up to Rs.10 lakh.
Interest : 3% per month
Repayment : Bullet payment and EMI options both available
Processing fee : 2% of the loan amount or Rs.3,000, whichever is higher.
Extension Fee: 2% of the outstanding amount or Rs.3,500, whichever is higher.
Penal charges for default of payment: Rs.500 per day.
Default interest : 0.15% per day.
Cash Deposit Fee : Rs.250

Key Features of AnyTimeLoan Loan

  • Loan Types: Personal Loan, K12 Education Loan and Business Loan.
  • Loan Amount: Minimum Rs 1,000 to maximum Rs 10 lakh, depending on the type of plan.
  • Loan Repayment : 1 day to 3 years depending on the type of scheme and loan amount.
  • Interest Rate: The interest rate starts from 18.25% and can go up to 54.75% p.a.
  • Processing Fee : Up to 2% of the loan amount.
  • Prepayment Charges: The loan can be prepaid without any additional charges.
  • Penal charges for default of payment: Rs.500 per day.
  • Default interest : 0.15% per day.
  • Cash Deposit Fee : Rs.250.

Why Apply for AnyTimeLoan?

  • When you register as a member on the AnyTimeLoan website and upload the required documents to avail the loan. You neither have to fill the application nor upload the documents. Also, you can get the loan repeatedly with just one click.
  • It is a P2P lending which means lending from Indian to an Indian
  • You can get loans ranging from Rs.1,000 to Rs.10,00,000 and can repay with tenures ranging from 1 day to 3 years.
  • Interest is charged on a day to day basis which is as low as 0.07% per day. This type of loan loan is very economical if your requirement is to fill the money gap only for a few days.
  • There are no foreclosure or prepayment fees
  • They do not rely on CIBIL scores as they have an in-house algorithm through which creditworthiness is assessed on the basis of KYC documents, PAN card and income proof documents uploaded online.
  • Loan inquiries are linked to lenders on a digital platform through a chatbot for the loan applied for. Lenders rely on the appraisal done by AnyTimeLoan and disburse the loan within minutes and the money is directly credited to the borrower’s bank account. It’s that easy.
  • The whole process is hassle free and simple
  • no hidden charges

How to Calculate Loan EMI for AnyTimeLoan?

It is easy to calculate EMI for AnyTimeLoan with our EMI calculator tool. All you have to do is enter the loan details, such as the loan amount, interest rate and tenor, in the calculator. After entering the details, click on the enter button for immediate result.

Apart from calculating the EMI for the loan, this tool also displays the complete amortization schedule for loan repayment.

Here it is explained as an example:

Personal loan amount applied for: Rs 5 lakh

Applicable interest rate : 18.25% p.a.

Tenure: 3 years

EMI to be paid every month: Rs 18,139

Total interest to be paid : Rs 1,53,003

Total amount to be paid for the loan: Rs 6,53,003

Documents Required for AnyTimeLoan

Following documents are required to avail loan from AnyTimeLoan:-

For Salaried:

  • Current address proof
  • Pan card
  • Bank account statement of last 6 months or salary slip of latest 3 months
  • Proof of business

For Self Employed:

  • Current address proof
  • Pan card
  • Bank account details of last 12 months
  • Proof of trade

What is the eligibility criteria to avail loan from AnyTimeLoan?

  • Applicant must be an Indian citizen above 18 years of age.
  • Minimum salary should be minimum Rs 18,000 and job should be in Bangalore, Chennai, Delhi NCR, Hyderabad and Secunderabad, Kolkata, Mumbai, Pune city. to other cities
  • Minimum salary should be at least Rs 15,000.
  • No CIBIL score is required for this loan. The applicant only needs to complete AnyTimeLoan’s proprietary algorithm.

What are the loan charges for AnyTimeLoan?

The following are the AnyTimeLoan processing fee and other charges:

Fee Type personal loan K12 Education Loan business loan
Processing fee 1.5% of the loan amount or Rs 750, whichever is higher. 1.5% of the loan amount or Rs.3,000, whichever is higher. 2% of the loan amount or Rs.3,000, whichever is higher.
Extension fee 1,000 or 2% of the past dues, whichever is higher. Zero 3,500 or 2% of the past dues, whichever is higher.
Penal fee for default 500 rupees per day 500 rupees per day 500 rupees per day
Default interest 0.15% per day 0.15% per day 0.15% per day
Cash deposit fee 250 rupees Rs.250.00 Rs 1,000.00
ATS (optional) 10 rupees Rs. 10.00 Rs. 10.00

How to apply for AnyTimeLoan?

To apply for AnyTimeLoan, you need to follow some simple steps:

  • Download the app from Google Play Store or App Store. Click on the link .
    Access the mobile app and register as a borrower by sharing some basic information about yourself.
  • Upload clear and original documents in PDF format, including KYC documents, bank statements, etc.
  • Declare the accuracy of the information and documents provided.
  • Provide digital consent by accepting the loan terms.
  • Once the submission is done, LOBOT will process your loan inquiry on the platform.
  • Connects to lenders and decisions are communicated instantly. The amount gets credited to your bank account instantly.
  • One-time registration You only get one account at any time on the AnyTimeLoan platform.
  • Enables you to get the loan again and again with just one click as you do not have to go through the process of uploading documents again and again.

What is Anytime Loan Customer Care Number?

You can contact AnyTimeLoan on +91 9121142222 for any query and request for callback.

AnyTimeLoan FAQs and Answers (FAQs)

Question: What is the procedure followed for processing the loan against Anytime Loan?

Answer: In AnytimeLoan, the creditworthiness of the applicant is assessed with the help of KYC documents, PAN card and income documents uploaded by the applicant with their in-house algorithm. Once the registration process is completed and the documents are uploaded, the LOBOT or chatbot will do the online assessment and connect you with various lenders on the platform. The decision will be communicated in no time and once you accept the decision, the loan amount will be credited to your account within minutes. The entire process is contactless and paperless and happens in real-time.

Q: What is the one time registration that AnytimeLone refers to?

Ans: This one-time registration is the online registration that you do as a first time borrower on the AnytimeLoan platform. Once the registration is done and the documents are uploaded, you get the benefit of life-time-registration, which means you do not need to go through the process again and again. The data will be stored and every time you want to re-loan, you can get it with just one click.

Question: How long does it take AnytimeLoan to process a loan application?

Answer: Your loan application will be processed in less than a minute if the required documents are uploaded and the information provided is accurate.

Q: What are the three membership levels in AnytimeLoan for Personal?

Ans: There are three tiers of membership for Personal Loan at AnytimeLoan Silver, Gold and Platinum. As you move up to higher levels, you get the benefit of a higher amount of personal loan.

Question: What is the method to be followed to upgrade the membership level?

Answer :

  • ATL rewards good habits. If you have continued with AnytimeLoan for a minimum period of 12 months without any default in repayment and have repaid minimum 2 loans regularly and closed the loan on time, you get Silver membership.
  • A minimum of 12 months as a Silver member, with at least 2 loans regularly serviced and closing on time, will take you to the gold level.
  • A minimum of 12 months as a Gold member, with at least 2 loans regularly serviced and closing on time, will take you to the Platinum level. At this level you will get maximum benefit for lifetime.
  • At any level, if you miss even once, you will be returned to the lower level

Question: Is it possible to get extension of loan repayment period for personal loans?

Answer: Yes, extension is possible only twice and for a period of 1 day to 30 days. Extension fee will be charged every time the repayment period is extended.

Q: Will a better credit score fetch a better interest rate?

Answer: Yes, if you have a better credit score, you will be entitled to a better interest rate.

Complete details of AnyTimeLoan personal loan have been told in this post. What is the interest rate of AnyTimeLoan personal loan? What are the documents required for AnyTimeLoan personal loan? What is the eligibility for AnyTimeLoan personal loan? How to apply for AnyTimeLoan personal loan? What is the AnyTimeLoan personal loan customer number? Everything is explained in detail.

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