|Loan amount||Rs. 1,000 to Rs. 10 Lakhs|
|Rate of interest||18.25% to 54.75% p.a.|
|Tenure||1 day to 3 years|
|Lowest EMI per lakh||Rs. 3,628|
|Processing fee||Up to 2% of loan amount|
|Turnaround time||Minimum 1 minute|
|Minimum age||18 years|
|Minimum net take home income||Rs. 15,000 per month|
1. Personal Loan
2. K12 Education Loan
3. MSME Loan
The benefits of AnyTimeLoan are as follows:
Calculating the EMI for AnyTimeLoan is easy with our EMI Calculator Tool. All you need to do is enter the loan details in the calculator, like the Loan Amount, Interest Rate, and Tenure. After entering the details, click the Enter button for instant result.
Apart from calculating the EMI for the loan, this tool also displays the complete amortization schedule for loan repayment.
Here’s an example:
Personal loan amount applied for: Rs. 5 Lakhs
Applicable rate of interest: 18.25% p.a.
Tenure: 3 years
EMI to be paid each 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
Amortization schedule of the above example:
|Year||Opening Balance||Amount Paid (EMI*12)|
Interest Paid During
Principal Paid During
|1||Rs. 5,00,000||Rs. 54,417||Rs. 22,329||Rs. 32,087||Rs. 4,67,913|
|2||Rs. 4,67,913||Rs. 2,17,668||Rs. 73,749||Rs. 1,43,918||Rs. 3,23,994|
|3||Rs. 3,23,994||Rs. 2,17,668||Rs. 45,172||Rs. 1,72,496||Rs. 1,51,499|
|4||Rs. 1,51,499||Rs. 1,63,251||Rs. 11,752||Rs. 1,51,499||Rs. 0|
The following documents have to be submitted to avail a loan from AnyTimeLoan:
Mandatory Documents required for your loan are:
Personal loan for self employee mandatory documents are:
The following are the AnyTimeLoan processing charges and other fees:
|Type of Charges||Personal Loan||K12 Education Loan||MSME Loan|
|Processing charges||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||Rs. 1,000 or 2% of last outstanding, whichever is higher.||NA||Rs. 3,500 or 2% of last outstanding, whichever is higher (applicable for bullet repayment option only).|
|Penal charges for default||Rs. 500 per day||Rs. 500 per day||Rs. 500 per day|
|Default interest||0.15% per day||0.15% per day||0.15% per day|
|Cash deposit charges||Rs. 250||Rs. 250||Rs. 1,000|
|ATS (Optional)||Rs. 10||Rs. 10||Rs. 10|
To apply for AnyTimeLoan, you will have to follow some simple steps:
You can contact AnyTimeLoan for any queries at +91 9121142222 and request for a callback.
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At ATL, the evaluation of the creditworthiness of the applicant is done with their in-house algorithm with the help of the KYC documents, PAN Card, and the income documents uploaded by the applicant. Once the registration process is complete and the documents are uploaded, LOBOT or chatbot will do the online evaluation and connect you to the various lenders on the platform. The decision will be conveyed within no time and once you accept the decision, the proceeds of the loan will be credited to your account in minutes. The whole process is contactless and paperless and happens in real-time.
This One-Time Registration is the online registration that you do as the first-time borrower on ATL platform. Once the registration is done and documents uploaded, you get the advantage of a Life-Time-Registration, which means you need not go through the ordeal again and again. The data will be stored and every time you want a loan again, you can get it with just a click.
If the required documents are uploaded and the information provided is accurate, your loan application will be processed in less than a minute.
The three levels of membership for Personal Loans at ATL are Silver, Gold, and Platinum. You get the advantage of a higher quantum of Personal Loan as you go to higher levels.
Yes, an extension is possible only twice and for a period from 1 day to 30 days. An extension charge will be collected each time the repayment period is extended.
Yes, if you have a better credit score, you will be entitled to a better rate of interest.
The risk of the asset is evaluated by making a credit assessment of the applicant. The basis for doing the credit assessment is the documents submitted at the time of registration. The background of the applicant is checked with the help of the income documents and the bank statements.
The factors considered for such credit assessment are:
A different weightage is allotted to the above parameters by the in-house algorithm and a credit score is arrived at.