12% Club, fueled by BharatPe and in association with RBI endorsed NBFCs offers you an answer for all your speculation and acquiring needs
Contribute @12%
– Put away cash whenever and begin procuring revenue every day
– Begin contributing from as low as Rs. 1,000
– Get upto 12% premium per annum (Interest is gathered day by day)
– Demand withdrawal whenever, no withdrawal charges
– In association with RBI endorsed NBFC (LendenClub: Innofin Solutions Private Limited and Liquiloans: NDX P2P Private Limited )
Get @12%
– Get cash whenever @12% premium
– Reimburse whenever, no prepayment charges
– Zero handling charges
– Cooperated with RBI supported NBFC (Mufin Finance: Hindon Mercantile Limited)
How to turn into a 12% Club Member?
– Download the 12% Club App
– Information exchange utilizing your Mobile number and OTP
– Make your 12% Club account by connecting your Bank record, PAN and finishing KYC
– Acknowledge T&Cs
– Begin contributing or getting @12%
Advance Details
Advance sum: From Rs.10,000 to Rs.100,000
Residency: 90 days (fixed)
Reimbursement: 1 single installment at end of 90 days
APR and different charges
Loan fees (APR): fixed 12% per annum
Handling charges : 0
Punishment is charged when somebody postpones their planned installment. Also, GST will be appropriate according to Indian laws.
Model
Advance Amount: Rs. 100,000
Residency: 90 days
Loan cost (APR): 12% each year (Flat rate). This means 3% in 90 days
Reimbursement Amount: Rs. 103,000
Absolute Interest Payable: Rs. 100,000 x 12%/12*3 (90 days) = Rs. 3,000
Handling Fees (incl. GST): Rs. 0
Dispensed Amount: Rs. 100,000 (Loan Amount) – Rs. 0 (Processing Fees) = Rs. 100,000
Aggregate sum Payable: Rs. 103,000 (1 single installment toward the finish of 90 days)
Complete Cost of the Loan = Interest Amount + Processing Fees = Rs. 3,000 + Rs. 0 = Rs. 3,000
12% Club is a trendy advanced stage that gives you simple admittance to Instant Personal Loans of up to Rs.100,000 in a consistent and straightforward way.
Individual Loan Features
Up as far as possible
Moment cash move to a financial balance
100% paperless cycle
Insignificant documentation. No printouts required
Shot reimbursement at end of 3-month residency
Moment qualification check
No guarantee
No prepayment charges
Qualification
1. Indian resident
2. Age over 21 years
3. Select urban areas