DigiMoney Loan India Review | Digi money finance private limited

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DigiMoney Loan is a digital lending app by Digi Money Finance Private Limited in India that offers instant personal loans at affordable interest rates with a seamless and quick process.

In this guide, we will delve into the details of DigiMoney Loan, covering interest rates, application requirements, the application process, and how to contact DigiMoney customer care.

DigiMoney Interest Rates

DigiMoney Loan App provides a transparent breakdown of its interest rates and associated costs. Here’s what you need to know:

  • Loan Amount: Ranging from ₹10,000 to ₹100,000.
  • Loan Period: Minimum of 3 months to a maximum of 12 months.
  • Annual Percentage Rate (APR) or Interest Rates: Varies from 10% to 24% per annum based on credit risk assessment.
  • Processing Fee: Starts from ₹1000 onwards.

Let’s break down an example for better understanding:

  • For a loan of ₹10,000 with a 10% annual interest and a minimum repayment period of 3 months:
    • Interest: ₹167
    • Total Amount Payable: ₹10,167
    • Processing Fee: ₹1000 plus GST
    • Disbursed Amount: ₹9000 (₹10,000 – ₹1000)
    • Equated Monthly Installment (EMI): ₹3,389.

It’s crucial to note that interest rates can fluctuate and thus, it’s important to be sure of the interest rates before committing to any loan offer.

DigiMoney Loan Requirements

To be eligible for a DigiMoney Loan, you need to meet certain criteria:

  • Indian Citizenship: You need to be an Indian citizen.
  • Employment Status: Salaried individuals are eligible.
  • Age Requirement: You should be above 25 years old.
  • Minimum Income: A minimum take-home salary of ₹10,000 per month.

How to Apply for DigiMoney Loan

Applying for a DigiMoney Loan is a straightforward process. Follow these steps to get started:

  1. Download the App: Find and download the DigiMoney Insta Loan App from the Google Play Store.
  2. Registration: Register with your name, mobile number, and email ID.
  3. Verification: Complete the e-KYC process for identification validation.
  4. Provide Details: Furnish your employment details.
  5. Loan Evaluation: DigiMoney evaluates your loan eligibility using their proprietary algorithm based on credit bureau data and financial SMS data.
  6. Loan Customization: Choose your desired loan amount and EMI.
  7. Bank Details and Agreement: Provide your bank account details and complete the e-mandate for direct debit for loan repayments. Review and accept the loan agreement.
  8. Loan Disbursement: Upon agreement signing, the loan is disbursed and credited to your designated bank account.

DigiMoney App Download and Caution

While downloading the DigiMoney Loan App, ensure you only download it from the official Google Play Store. Avoid downloading loan apps from unofficial sources to protect your data and ensure the security of your transactions.

How to Contact DigiMoney Customer Care

For any queries or assistance, you can reach out to DigiMoney through the following contact details:

  • Email: info@digimoneyfinance.com
  • Phone Number: 18005728428

Alternatively, you can also visit their registered office at: 4th floor, Salzburg Square, 107, Harrington Road, Chetpet, Chennai – 600 031.

Is DigiMoney Legit?

Yes. DigiMoney Finance Private Limited operates as a Non-banking Finance Company licensed by the Reserve Bank of India. Their commitment to data security, transparent process, and compliance with regulatory bodies validate the legitimacy of DigiMoney Insta Loan App. It offers a user-friendly and efficient way to access personal loans, making it a reliable option for your financial needs.

In conclusion, DigiMoney Loan is a digital lending platform that offers affordable and flexible personal loans, meeting the urgent financial requirements of individuals. With a streamlined and secure application process, it stands as a convenient choice for those seeking quick loans. However, always ensure you understand the terms, interest rates, and repayment structure before proceeding with any loan application.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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