About Quote My Loan
Quick Loans in Quotemyloan
Quote My Loan is India’s first unbiased loan advisor for best deals in loans and unmatched advisory services. We are one stop buy all kinds of lending solutions. We manage the whole borrowing process for users, starting by assisting our users to settle on the proper product from the acceptable lending organization, till the time, the whole loan is disbursed.
Quote My Loan aims to differentiate itself by that specialize in users as its USP; with a transparent approach, providing the users with fair and unbiased advice, ethical services and highly professional post transaction services. we've a user based model wherein we start with understanding the user’s requirement. We, then advise the foremost suitable loan product within the market at the simplest rates. We also offer customized lending solutions catering to user’s specific requirements
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- Quick Loan Eligibility
- Tax Rebate Calculator
- Balance Transfer
Why Choose Us
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Accurate Eligibility
based on your personal credit profile
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Completely Paperless
Multiple bank applications made online & hassle free
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Fast & Automated
Integrated with NSDL, Aadhar & Credit bureau
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Professional Advice
From ex - bankers for your special loan needs
- How much EMI would I have to pay on my loan?
- How much maximum loan loan am I eligibile for?
- How much rebate can I get on my taxes based on my loan?
- If I transferred my loan balance, would it be good for me?
If you are beleaguered by these questions, check out our useful tools and find answers to all your questions
Apply now"Really happy with the services of mymoneymantra, as they helped me to reduce my debt burden after I transferred my Project Loan to lower ROI."
Boby
I would like to thank from bottom of my soul for your valued guidance from the first day I have applied for the loan. WISHING BEST FOR YOUR FUTURE.
Ravi
Working with The Quote laon helped me develop my business plan, ideas and brand before getting started, so that I was prepared to open a successful business when I received my loan
Karan
Loan Calculations:
For example, if you take a loan of Rs. 4.5 lakhs at the rate of 15.5% with repayment tenure of 3 years, your EMI will be Rs. 15,710. The total payable amount at the end of 3 years would be Rs. 5,65,553. Therefore, you are paying total interest amount to the tune of Rs 115,553. This, however, excludes other applicable charges which can be quantified as under:
Loan Processing Charge@2% = Rs.9000
Documentation charges = Rs. 500
Amortization Schedule charges = Rs. 200
In case of change of payment mode or swapping your Post Dated Cheques, additional charges are applicable. Also, depending upon the lender bank, prepayment options may or may not be available and the applicable charges may vary accordingly.
Most Important Terms and Conditions :
- The Loan shall carry fixed rate of interest specified at the time of applying Loan.
- The Loan amount shall be disbursed, after debiting processing fees, in Borrower’s digiSavings account only with the Bank on accepting the Personal Loan Terms of Agreement.
- During the Free Look Period of two (2) days from date of Loan disbursement, the Borrower can cancel the Loan. Processing fees will not be refunded in case of cancellation.
- EMI shall consist of principal and interest component. The Borrower authorises the Bank to debit EMI from Borrower’s digiSavings account on the specified EMI date.
- Interest on the amount of the loan will be applied at the agreed rate on daily reducing balance.
- If any EMI is not honoured, the Borrower will be liable for dishonour charges and penal interest.
- The Borrower can foreclose the Loan or make pre-payments after payment of 12 EMIs with applicable charges