Credin

Features Credin

Credin is a Business Loan App.Minimum Amount-₹60,000 & Maximum Amount-₹15,00,000Minimum Tenure- 24 Months & Maximum Tenure- 84 MonthsMinimum Interest Rate (Monthly reducing basis)- 18% & Maximum Interest rate-(Monthly reducing basis)- 31.80 %Processing Fee- 3%+18% GST=3.54%Minimum APR- 27% & Maximum APR- 45%Example1:-Loan Amount-₹1,00,000Loan Tenure- 12 MonthsRate of Interest-31.80 % Monthly ReducingProcessing Fee-₹ 3,000GST Charge- ₹ 540Net Disbursement- ₹ 96460EMI Amount- ₹ 9837Total Interest Payable-₹ 18050Total Cost- ₹ 18050+ ₹3000=21050APR- 45% (This is the maximum APR)Repayment Schedule-10-Feb-22 983710-Mar-22 983710-Apr-22 983710-May-22 983710-Jun-22 983710-Jul-22 983710-Aug-22 983710-Sep-22 983710-Oct-22 983710-Nov-22 983710-Dec-22 983710-Jan-23 9837Example2:-Loan Amount-₹1,00,000Loan Tenure- 12 MonthsRate of Interest-18% Monthly ReducingProcessing Fee-₹ 3,000GST Charge- ₹ 540Net Disbursement- ₹ 96,460EMI Amount- ₹ 9,163Total Interest Payable-₹ 10,016Total Cost- ₹ 10,016+ ₹3000=13,016APR- 27% (This is the Minimum APR)Repayment Schedule-10-Feb-22 916310-Mar-22 916310-Apr-22 916310-May-22 916310-Jun-22 916310-Jul-22 916310-Aug-22 916310-Sep-22 916310-Oct-22 916310-Nov-22 916310-Dec-22 916310-Jan-23 9163Credin (Upkram Technologies Pvt Ltd) is not directly engaged in money lending activities and is only providing a platform to facilitate money lending by RBI registered Non-Banking Financial Companies (NBFCs).
Below are the NBFCs on Credins Platform -Capital Trade Links Limited (https://www.capitaltrade.in/)-Pinnacle Capital Solutions Private Limited (https://www.pincap.in/)-HDB Financial Services Limited (https://www.hdbfs.com/products/digital-lenders)