We strive to help borrowers that are self employed, salaried or young professionals to efficiently apply for loans and also track them. Loanwolf has partnered with multiple banks & NBFC’s for a delivering our users with a smoother experience.
Banks/NBFC’s we partnered with-
ADITHYA BIRLA,AXIS,BAJAJ,HDFC,ICICI BANK,INDUSIND,KOTAK MAHINDRA,TATA CAPITAL,YES BANK PVT,HDB,SCB,IDFC
● Quick as a Wolf!
Upon our easy sign up, our loan agents will ensure to prioritise your needs over anything else. Professional loan agents who have many years of industry experience are available for you to collect your documents and process your loan requirements.
● No more Huffing & Puffing.
We give you the privilege of choosing the right loan agent, our unique application also has features for confidential document sharing and maintaining privacy.
● It’s all Online.
Track every step and ensure easy processing until the amount gets disbursed into your account. Apply for multiple loans at the same time and never miss an EMI payment with our push notifications.
● It’s Your Way or No Way .
Feel free to contact the agent on the application or offline as we give importance to your satisfaction.
● A Friend in Need is a Friend Indeed.
Earn passive income by generating referral links and sending it to your friends, we incentivise you with instant points that can be converted into cash after every billing cycle.
An example of a Loanwolf loan
How It works:
1. Install Loanwolf app
2. Register on the app with our quick sign up
3. Select the loan agent or let us choose the best agent for you
4. Check loan eligibility and other document requirements
5. Meanwhile refer friends and earn money from anywhere
Personal loan terms & features
Interest rates: 9.99% to 30% per annum
Tenure: 3 to 72 months
Instant money transfer to bank account
100% digital process
Flexible loan and EMI options
Minimum household income*: ₹3,00,000
Example:
Loan Amount: ₹50,000
Tenure: 12 months
Interest Rate: 22% (on reducing principal balance interest calculation)
EMI: ₹4,680
Total Interest Payable: ₹4,680 x 12 months - ₹50,000 Principal = ₹6,160
Processing Fees (incl. GST): ₹1,475
Disbursed Amount: ₹50,000 - ₹1,475 = ₹48,525
Total Amount Payable: ₹4,680 x 12 months = ₹56,160
Total Cost of the Loan = Interest Amount + Processing Fees = ₹6,160 + ₹1,475 = ₹7,635
*Minimum household income is the aggregate income earned by you, your spouse and any of your unmarried children above the age of 18
Approximate interest rate charges-
12% per annum to 25% per annum (APR) for Personal Loan & Business Loan
8% per annum to 15% per annum (APR) for Home Loan
10% per annum to 25% per annum (APR) for Car Loan & Vehicle Loan
9% per annum to 14% per annum (APR) for Mortgage Loan
8% per annum to 14% per annum (APR) for Education Loan
8% per annum to 13.50% per annum (APR) for Loan Transfer
The repayment tenure-
365 Days to 5 Years for Personal loan & Business Loan
5 Years to 30 Years for Home Loan
2 Years to 7 Years for Car Loan & Vehicle Loan
3 Years to 18 Years for Mortgage Loan
365 Days to 15 Years for Education Loan
5 Years to 30 Years for Loan Transfer
Eligibility:
Indian resident with above the age of 18
Salaried or Self Employed Individuals
Minimum monthly salary ₹15000 or Annual Income is above 2.6 Lakh
Employed since 1 year in existing company.
CIBIL Score above 650
Security, Privacy & Terms:
Data security & privacy is given top priority. We comply with the highest security standards & protocols. All transactions are 100% secured.
Loan Processing Approving or Rejecting is dependent on you CIBIL/Documents Statement verified by Loan Agents/Bank/NBFC.
We are not Responsible if your Loan Request is Not Accepted or Rejected Due to Low/Negative CIBIL Score by Loan Agents after inspection.