Loan Application Form
NEVER PAY IN CASH OR INTO ANYONE’S PERSONAL ACCOUNT
You are requested never to pay our representatives either in cash or in their personal accounts. We, being a digital loan, discourage any kind of payment in cash. You have several options to make payment. Call our representative who will guide you in this matter. We will not be liable for any payment you may make in cash to our representative or into their personal account. This will not constitute as part of your repayment.
ALSO NEVER ENTERTAIN ANY DEMAND FOR COMMISSION BY ANY OF OUR REPRESENTATIVE, EITHER IN YOUR CITY. IF SUCH DEMAND COMES PLEASE CALL AND REPORT THE MATTER DIRECTLY AT THIS NUMBER
Info@jhatpatloans.com & admin@jhatpatloans.com
Rates & Charges
Minimum loan amount - Rs 5,000 /-
Maximum loan amount - Rs 1,00,000 /-
Tenure - 90 Days to 365 Days.
Processing fee - 5% to 8% of loan amount.
Rates & Charges
No pre - closure charges
No prepayment charges
ROI (Rate of interest) @ 1.5% to 2.92% Monthly
APR (Annual Percentage Rate) @ 18% to 35%.
Cheque bounce charges: Rs. 1000/-
How is APR determined?
Annual percentage rate (APR) is determined based on your credit score, the amount you wish to borrow and your steady income. Generally, a good CIBIL score calls for a low APR while a poor CIBIL score means high APR. But we have a fixed APR which is the same for all.
Working of Our Rates & Fees
APR reflects the true cost of borrowing money. It includes the annual interest rate, a nominal processing fee and other miscellaneous expenses. APR is usually lower than your credit card interest rate. APR is the actual annual cost of your loan that helps you compare various loan offers from different lenders. We have a fixed APR @ 33.6% per annum.
Monthly Payment Example
| Tenure | Loan Amount | Interest Rate | Admin Fees | APR | Amount Deposite¬d | EMI | Total Interest |
|---|---|---|---|---|---|---|---|
| 12 Months | Rs.1,00,000 | 2% | Rs.1000 | 24% | Rs. 99000 | Rs. 9456 | Rs.13472 |