Kundan Finance Loan

Kundanmal Finance Company offers instant personal loans up to ₹2 Lakhs. With Kundan Finance Loan, you can borrow quick cash at attractive interest rates starting from just 1.5% per month and repay it within a flexible tenure of 90 to 365 days. There is a processing fee of 5% to 8% applicable to the loan amount. You can pre-close your loan account with zero prepayment charges.

  • Details
  • Interest Rates & Charges
  • Compare with Other Lenders
  • Eligibility Criteria
  • Documents Required
  • Customer Care Details

Kundan Finance Loan Details

Below are the key details of the Kundan Finance loan:

Loan Amount₹5,000 - ₹2,00,000
Tenure90 - 365 days
Interest Rate1.5% - 2.92% per month
Processing Fee5% - 8% of the loan amount
Prepayment ChargesNil

Kundan Finance Loan Interest Rates & Charges

Below are the interest rates and charges associated with the Kundan Finance loan:

Rate of Interest 1.5% to 2.92% per month
Processing Fee5% to 8% of loan amount
Prepayment Charges Nil
Annual Percentage Rate (APR)18% to 36%
Cheque Bounce Charges ₹1,000
E NACH Return₹500 +GST
Late Payment Fee As applicable (charged only, if repayment is delayed)

Compare Kundan Finance Loan with Other Lenders

Below is the comparison table for the Kundan Finance loan with other app-based personal loans: 

AppLoan AmountStarting Interest RateTenure
Kundan Finance₹5,000 - ₹2 Lakhs1.5% p.m.3 months - 1 year
Ram Fincorp₹4,000 - ₹2 Lakhs1.5% p.m.3 months - 1 year
PayMe₹500 - ₹5 Lakhs1.5% p.m.3 months - 2 years
Kamakshi Money₹1,000 - ₹2 Lakhs1.5% p.m.Up to 3 months
CASHe₹45,000 - ₹3 Lakhs2.79% p.m.9 months - 1.5 years
FatakPay₹30,000 to ₹5 Lakhs12% p.a.3 months - 3 years
MoneyTap₹3,000 - ₹5 Lakhs13% p.a.3 months - 3 years
KreditBee₹1,000 - ₹5 Lakhs17% p.a.6 months - 5 years
FlexSalary₹500 - ₹3 Lakhs18% p.a.Up to 3 years
SmartCoin₹1000 - ₹5 Lakhs18% p.a.2 months to 2 Years

Kundan Finance Loan Eligibility Criteria

The following are the eligibility criteria for the Kundan Finance loan:

  • Occupation: Self-employed and salaried individuals.
  • Citizenship: Indian residents/citizens
  • Age: 21 to 55 years.
  • Income: Individuals with a minimum monthly income of ₹15,000.

Documents Required for Kundan Finance Loan

Below is the list of documents required for the Kundan Finance loan: 

  • Address Proof: Aadhaar Card, Passport, Voter ID, Utility Bills, Driving License, etc
  • KYC Documents: PAN Card, Aadhaar Card, Passport, Driving License, Voter ID, etc
  • Income Documents: Last 3 months’ Bank Statements and last 3 months’ Salary Slips.

Kundan Finance Loan Customer Care Details

The following are the customer care details for the Kundan Finance loan:

  • Contact Number: +91 9899985495
  • Email: info@kundanfinance.com
  • Registered & Corporate Office Address: 4338, Padam Singh Road, Karol Bagh, New Delhi - 110005

FAQs

The interest rate for Kundan Finance ranges from 1.5% to 2.92% per month.

You can avail a loan amount of ₹5,000 to ₹2 Lakhs through Kundan Finance.

The repayment tenure for the Kundan Finance Loan ranges from 90 to 365 days.

Yes, you can check your Kundan Finance Loan application status online through its mobile app.

Kundan Finance funds can be credited to your bank account within 30 minutes of approval.

Yes, you can foreclose your Kundan Finance loan without extra charges.