Anytime Loan
Personal Loan

1. Personal Loan

• Membership: There are three different levels of memberships at ATL, i.e., Silver, Gold, and Platinum. Personal quantum and rates depend on the level of membership.
• Purpose: It can be used for any purpose. There is no restriction on end-use.
• Quantum:
  • For Silver Membership: The minimum quantum is Rs. 1,000 and the maximum quantum is Rs. 50,000.
  • For Gold Membership: The minimum quantum is Rs. 1,000 and the maximum quantum is Rs. 70,000.
  • For Platinum Membership: The minimum quantum is Rs. 1,000 and the maximum quantum is Rs. 1,00,000.
• 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: The amount to be repaid between 1 - 30 days. 
• Repayment extension: The extension will be permitted for a period of another 30 days with some additional charge. Repayment should be made in a lump sum.
• Processing charges: 1.5% of the loan amount or Rs. 750, whichever is higher.
• Extension charges: 2% of the last outstanding amount or Rs. 1,000, whichever is higher.
• Penal charges for payment default: Rs. 500 per day.
• Default interest: 0.15% per day.
• Cash deposit charges: Rs. 250

2. K12 Education Loan

• Purpose: To meet the education expenses from kindergarten to class 12.
• Quantum: The minimum quantum is Rs. 5,000 and the maximum quantum is Rs. 5 Lakhs.
• Interest: Interest at 3% p.m.
• Repayment: To be repaid in 2 EMIs
• Processing fees: 1.5% of the loan amount or Rs. 3,000, whichever is higher.
• Penal charges for payment default: Rs. 500 per day.
• Default interest: 0.15% per day.
• Cash deposit charges: Rs. 250

3. MSME Loan

• Purpose: To meet the business requirement.
• Quantum: The minimum quantum is Rs. 10,000 and the maximum quantum is Rs. 10 Lakhs.
• Interest: 3% p.m.
• Repayment: Both bullet payment and EMI option available
• Processing fees: 2% of the loan amount or Rs. 3,000, whichever is higher.
• Extension charges: 2% of the outstanding amount or Rs. 3,500, whichever is higher.
• Penal charges for payment default: Rs. 500 per day.
• Default interest: 0.15% per day.
• Cash deposit charges: Rs. 250

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

The benefits of AnyTimeLoan are as follows:

• You register yourself as a member on the ATL website and upload the required documents to avail a loan. You will not have to either fill an application or upload documents. Also, you can repeatedly avail a loan with just a click.
• It is a P2P lending meaning lending from Indian to an Indian
• You can avail a loan from  1,000 to  10,00,000 and repay in a period ranging from 1 day to 3 years.
• Interest is charged on a day's basis and it is as low as 0.07% per day. If your requirement is just to fill the gap of funds for a few days then it is very economical to avail this kind of a loan.
• There is no foreclosure or prepayment charges
• They do not rely on CIBIL score as they have their in-house algorithm through which evaluation of the creditworthiness is done on the basis of the KYC documents, PAN card, and income proof documents uploaded online.
• The moment the loan is applied for, the loan enquiry is connected to the lenders on the digital platform through LOBOT a chatbot. The lenders rely on the evaluation done by ATL and will disburse the loan in minutes and the funds are credited directly into the bank account of the borrower. It is that simple.
• The whole process is hassle-free and simple
• There are no hidden charges

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:

The following documents have to be submitted to avail a loan from AnyTimeLoan:

For Salaried:

Mandatory Documents required for your loan are:

• Current address proof
• PAN Card
• Bank account statement for the last 6 months, and latest 3 months salary slips
• Proof of occupation

For Self-employed:

Personal loan for self employee mandatory documents are:

• Current address proof
• PAN Card
• Bank account statement for the last 12 months
• Proof of business

• The applicant must be an Indian citizen aged above 18 years.
• To avail personal loan to salaried employee the minimum home salary should be at least Rs. 18,000 per month in Bangalore, Chennai, Delhi NCR, Hyderabad & Secunderabad, Kolkata, Mumbai, Pune. For other cities, the minimum take home salary should be at least Rs. 15,000.
• No bureau score is required for this loan. The applicant just need to meet AnyTimeLoan’s proprietary algorithms.

The following are the AnyTimeLoan processing charges and other fees:

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

• Download the app through Google Play Store or App Store.
• Access the mobile app and register as a borrower by sharing some basic information about you.
• Upload the clear and genuine documents in PDF format, including KYC documents, Bank Statements, etc.
• Declare accuracy of the information and documents provided.
• Provide digital consent by accepting loan terms.
• Once the submission is done, the LOBOT connects your loan enquiry to the lenders on the platform and the decision is conveyed instantly. You accept the decision and the amount get credited to your bank account instantly.
• The one-time registration will enable you to avail a loan repeatedly on ATL platform any time with just one click since you do not have to go through the ordeal of uploading the documents again and again.

You can contact AnyTimeLoan for any queries at +91 9121142222 and request for a callback.