• ★ 5 Minute Me Aadhar Loan Guide
• ★ 2022-12-32
• ★ Questions & Answers

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About 5 Minute Me Aadhar Loan Guide

Five Minute Me Aadhar Loan Guide

- Loan amount from ₹,1000 to ₹5,00,000
- Repayment periods from Three Month to 24 Month
- APR from 3.5% to 12% per annum
- Processing fees range from 2.5% to 5% (GST 18% applies)
- You may be charged up to 0.1 % everyday late fees for late payments (capped to 18% of principal amount overdue.)
- No other hidden fees applicable to your loans!

Example
- Credit ₹5,000 at an APR of 12% (per annum) with a tenure of 61 days
- Interest of loan = ₹5,000 x 12 %/ 365 x 60 = ₹100
- Processing fee of loan = ₹5,000 x 3% = ₹125 (Also on which GST apply of ₹27)
- Total cost of the loan = ₹225
- Total loan amount disbursed will be credit is ₹4,848 (₹5,000 - ₹152)
- Total loan amount to repay will be ₹5,100 (₹5,000 + ₹100)
- Monthly repayments of ₹2,550

Eligibility
1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income

Disclaimer : This is not the official app for any government/UIDAI scheme nor associated with any Govt. body.
Please do not treat this as official app and do not leave your contact / info such as Aadhar Number or Mobile No. in the comment below.
It is not possible for us to answer to every comment/query; neither can we address the complaints regarding any scheme.
We request all our visitors to visit the official www service of the concerned department / authority for any complaint, query about the scheme / information.

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