LoanFront - Personal Loan App 3.0.25

LoanFront is a highly secure and reputable loan app in India that provides instant personal loans with easy EMIs and convenient repayment options. It is developed by Vaibhav Vyapaar Private Limited, a digital product focused on meeting your financial needs.

LoanFront ensures that loans are primarily offered by its own RBI Licensed NBFC, Vaibhav Vyapaar Private Limited (https://vaibhav-vyapaar.com). Additionally, starting from November 2023, loans are also provided by reputable Partner NBFCs:

• Muthoot Finance Limited (https://www.muthootfinance.com/personal-loan)
• Bhawana Capital Private Limited (https://www.bhawanafinance.com/LoanFront.php)

LoanFront strictly adheres to the Digital Lending guidelines set by the RBI, ensuring full compliance. The platform is built with ISO standards and is CISA Certified, guaranteeing a secure and trustworthy lending experience. It is one of the highest-rated loan apps available.

Eligibility

• Indian nationality
• Age above 23 years
• Good credit score (above 600)
• Stable income above ₹15,000 per month

In order to apply for a loan, you will need to provide the following:

• A selfie
• PAN card
• One government ID as address proof (Driving License/Voter ID/Passport/Aadhaar Card)

Our Products

LoanFront offers online, paperless, and fully digital loan products that require no physical documentation. We have two main loan options:

1. Flexi Personal Loan: Get a quick cash loan of up to ₹30,000 in just 5 minutes, with a repayment tenure ranging from 3 to 12 months.
2. Personal Loan for Salaried Individuals: Borrow up to ₹2 Lakhs with a flexible repayment tenure ranging from 3 to 24 months. Employment details and salary/income proof are required for this loan.

Amount, Tenure, Fees & Charges (Product Details)

• Loan Amount: ₹1,500 to ₹2,00,000
• Loan Tenure: 3 months to 24 months
• Interest Rate: 15.95% to 35.95% fixed per annum on a monthly reducing principal balance
• Processing Fee: 1% to 7.5% of the loan amount based on risk profile and loan amount
• APR Range: 17% to 70% based on risk profile

*Penalties are only charged on delayed scheduled payments. GST will be applicable only on the fee components as per Indian laws. All customers are informed of these details through KFS in Sanction Letters.

How to Avail a Loan?

1. Install the LoanFront app.
2. Register using your mobile number and email-id.
3. Complete KYC using any of the multiple options available in the app and check your loan eligibility.
4. Provide your bank account details.
5. Read and sign the Loan Agreement containing Key Facts Statements (KFS).
6. Receive the loan amount in your bank account.

Easy Repayment Via

• UPI Apps (BHIM, Google Pay, Paytm, PhonePe, Amazon Pay, etc.) and Bharat BillPay - ZERO convenience fee.
• Payment Gateways - RazorPay and Cashfree.
• Auto Debit (eNACH/eMandate).

Representative Loan Example:

• Loan Amount: ₹50,000
• Tenure: 12 months
• Interest Rate: 17.95% per annum
• Processing Fee: ₹1000 (2%)
• Life-Time Registration Fees: ₹250 (One-time fee for new customers)
• GST on Fees: ₹225 (18%)
• Disbursed Amount: ₹48,525
• EMI: ₹4,583
• Total Repayment: ₹4,583 X 12 = ₹54,996
• Total Interest: ₹4,996
• APR: 23.77%
• Total Cost of the Loan: ₹54,996 - ₹48,525 = ₹6,471

If you need money for domestic/international trips, purchases such as home furniture/appliances, personal emergencies, monthly bill payments, wedding expenses, home repairs, medical expenses, or security deposit, LoanFront is here to assist you.

Why Choose LoanFront?

• Easy application and digital processing.
• No collateral or credit card required.
• Low-interest rates and processing fees.
• 100% safe and secure with 24x7 availability.
• Early payment benefits.
• Multiple loan amount upgrade options.
• Trusted app with complete transparency.

Other service(s) offered by the LoanFront App:

• Open an instant Demat account with Centrum Broking Limited (https://www.centrumgalaxc.com).

LoanFront follows responsible lending practices and is a member of:

• Fintech Association for Consumer Empowerment - https://faceofindia.org
• Digital Lenders Association of India - https://www.dlai.in

Customer Care:

• Working Hours: 9.30 AM – 6.30 PM (Monday to Saturday)
• Email: [email protected]
• Phone: +918048126351
• Address: #1, Domlur Layout, Next to Domlur post office, Bangalore, Karnataka, 560071, India