AnyTimeLoan Details

Loan amountRs. 1,000 to Rs. 10 Lakhs
Rate of interest18.25% to 54.75% p.a.
Tenure1 day to 3 years
Lowest EMI per lakhRs. 3,628
Processing feeUp to 2% of loan amount
Prepayment chargesNil
Turnaround timeMinimum 1 minute
Minimum age18 years
Minimum net take home incomeRs. 15,000 per month

Types of AnyTimeLoan Loans

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

Features of AnyTimeLoan Loans

  • 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

Why Apply for AnyTimeLoan?

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 chargesdddd

AnyTimeLoan EMI Calculation

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:

YearOpening BalanceAmount Paid (EMI*12)

Interest Paid During

the Year

Principal Paid During

the Year

Closing Balance
1Rs. 5,00,000Rs. 54,417Rs. 22,329Rs. 32,087Rs. 4,67,913
2Rs. 4,67,913Rs. 2,17,668Rs. 73,749Rs. 1,43,918Rs. 3,23,994
3Rs. 3,23,994Rs. 2,17,668Rs. 45,172Rs. 1,72,496Rs. 1,51,499
4Rs. 1,51,499Rs. 1,63,251Rs. 11,752Rs. 1,51,499Rs. 0

Documents Required for AnyTimeLoan

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

For Salaried:

  • 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:

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

AnyTimeLoan Eligibility Criteria

  • The applicant must be an Indian citizen aged above 18 years.
  • Minimum take 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.

AnyTimeLoan Charges

The following are the AnyTimeLoan processing charges and other fees:

Type of ChargesPersonal LoanK12 Education LoanMSME Loan
Processing charges1.5% 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 feeRs. 1,000 or 2% of last outstanding, whichever is higher. NARs. 3,500 or 2% of last outstanding, whichever is higher (applicable for bullet repayment option only).
Penal charges for defaultRs. 500 per day Rs. 500 per dayRs. 500 per day
Default interest0.15% per day 0.15% per day0.15% per day
Cash deposit chargesRs. 250 Rs. 250Rs. 1,000
ATS (Optional)Rs. 10 Rs. 10Rs. 10

How to Apply for AnyTimeLoan?

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.

AnyTimeLoan Customer Care

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

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AnyTimeLoan FAQs

What is the system adopted for processing a loan at Anytime Loan?

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.

What is the One Time Registration that ATL refers to?

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.

What is the time taken for processing a loan application by ATL?

If the required documents are uploaded and the information provided is accurate, your loan application will be processed in less than a minute.

What are the three levels of membership at ATL for Personal Loans?

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.

What is the system followed to upgrade the membership level?

  • ATL rewards good habits. If you have continued with ATL for a minimum of 12 months without any default in the repayment and serviced a minimum of 2 loans regularly and closed the loan on time, you get a Silver Membership.
  • A minimum of 12 months as a silver member with a minimum of 2 loans serviced regularly and closed on time, will take you to the Gold Level.
  • A minimum of 12 months as a gold member with a minimum of 2 loans serviced regularly and closed on time, will take you to the Platinum Level. At this level, you will get the maximum benefit for a lifetime.
  • At any of the levels, if you default even once, you will be reverted back to a lower level

Is it possible to get an extension of the loan repayment period for Personal Loans?

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.

Will a better credit score get a better rate of interest?

Yes, if you have a better credit score, you will be entitled to a better rate of interest.

What is the method adopted for credit assessment at ATL?

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:

  • The residence of the borrower and the period of continuous stay at a single address, whether rented or owned and the job experience with the present employer will evaluate the stability factor of the applicant.
  • The income and pattern of expenditure of the borrower will evaluate the ability of the applicant to service the loan.
  • The credit history of the applicant will give a picture of the applicant's intention. If the track record is good, his intentions are clean and clear.
  • The bank statement denotes the financial discipline of the applicant. The average balance maintained, the number of cheques bounces, etc., will give an idea about the financial discipline of the applicant.
  • All documents provided by the applicant are verified for genuineness

A different weightage is allotted to the above parameters by the in-house algorithm and a credit score is arrived at.