Bharat Loan Review: In today’s fast-paced world, financial emergencies can strike without warning, leaving us scrambling for solutions. This is where Bharat Loan App comes in – a reliable and user-friendly instant loan app in India launched to meet your financial needs with ease.
Whether it’s an unexpected medical expense, an urgent bill, or other personal expenses, Bharat Loan Apps Instant Personal Loan Service can solve the situation.
In this blog, we’ll tell you everything you need to know about the Bharat Loan App – from its loan limit, eligibility criteria, competitive interest rates, and fees to its simple application process and commitment to security.
- Bharat Loan App: Instant Loan App
- Bharat Loan Details: Limit, Interest & fees
- Benefits and Features of the Bharat Loan App
- Eligibility Criteria for Bharat Loan
- Documents Required for Bharat Loan
- How to apply for loan from the Bharat Loan app
- Bharat Loan Review: (RBI approved or not, real or fake)
- Bharat loan customer care number
- Conclusion
Bharat Loan App: Instant Loan App
Bharat Loan App is your go-to digital lender for all your financial needs. Designed to empower individuals with easy access to credit, Bharat Loan is a FinTech platform that bridges the gap for salaried professionals often overlooked by traditional banks and financial institutions.
As a brand entity of DEVMUNI LEASING & FINANCE LIMITED, an NBFC registered with RBI, Bharat Loan brings trust and reliability to the forefront of its services. The mission of the app is straightforward: to create a fully digital, futuristic lending environment accessible from the comfort of your home.
Bharat Loan Details: Limit, Interest & fees
| Bharat Loan App | Loan Details |
|---|---|
| Loan Limit | ₹5,000 – ₹1,00,000 |
| Interest Rate / APR | 35% (Fixed) |
| Repayment Tenure | 2 – 12 Months |
| Processing Fees | 2% |
The Bharat Loan app provides a convenient and simple way to access instant personal loans with flexible terms. Here’s a breakdown of the Bharat loan details:
- Loan Amount: Borrow from as little as ₹5,000 to a maximum of ₹1,00,000.
- Repayment Tenure: Choose a tenure ranging from 2 months to 12 months.
- Interest Rate: Fixed at 35% per annum (Annual Percentage Rate or APR).
- Processing Fee: 2% of the loan amount, plus 18% GST on the processing fee.
For Example:
Let’s say you take a loan of ₹50,000 for a repayment tenure of 12 months:
- Loan Amount Sanctioned: ₹50,000.
- Processing Fee + GST: ₹1,180 (2% fee = ₹1,000 + 18% GST = ₹180).
- Amount Disbursed: ₹48,820.
- Monthly EMI: ₹4,998.
- Total Repayment: ₹59,978 over 12 months.
- Total Interest Cost: ₹9,978.
Benefits and Features of the Bharat Loan App
The Bharat Loan App is designed to provide quick, secure, and seamless financial support. Here’s why it stands out as your go-to lending platform:
Benefits:
- Instant Loan Access: Apply for a loan anytime via the app or website and receive approval instantly.
- Guaranteed Approval: Experience a 101% instant loan approval process.
- No CIBIL Score Worries: Even with a bad CIBIL score, you can get a loan of up to ₹60,000.
- Higher Loan for Good Credit: Applicants with a good CIBIL score can qualify for higher loan amounts.
- Flexible Repayment: Choose repayment terms that suit your financial needs.
- Secure and Risk-Free: Loans are provided on a highly secure platform for your peace of mind.
- Convenient Application: Apply easily from home by downloading the app on your mobile.
Features:
- Paperless Process: Enjoy a 100% online application without physical documents.
- Attractive Interest Rates: Get competitive rates tailored to your loan needs.
- No In-Person Visits: Complete the process 100% online, without branch visits or meetings.
- Digital Integration: Submit documents using digital KYC and Aadhaar eSign for a seamless experience.
- Real-Time Tracking: Monitor your loan application status in real-time for better transparency.
- Personalized Assistance: Receive guidance at every step of the process for a smooth journey.
Eligibility Criteria for Bharat Loan
To qualify for a loan through the Bharat Loan app, you need to meet the following requirements:
- Indian Citizenship: The applicant must be a citizen of India.
- Minimum Age: You must be at least 21 years old.
- KYC Compliance: Possession of all necessary KYC documents is mandatory.
- Employment Status: Self-employed individuals are eligible to apply.
- Bank Account: An active bank account in your name is required.
- Credit Score Flexibility: Loans are available regardless of whether your credit score is good or bad.
Documents Required for Bharat Loan
Ensure you have the following documents ready for a smooth application process:
- Aadhar Card: For identity verification.
- PAN Card: To comply with financial regulations.
- Bank Statement: A 6-month bank statement to assess financial stability.
- Address Proof: Valid documentation of your current address.
- Salary Slips: 3-month salary slips to confirm your income source.
By meeting these criteria and submitting the required documents, you can apply for a Bharat Loan quickly and conveniently from the comfort of your home.
How to apply for loan from the Bharat Loan app
Applying for a loan through the Bharat Loan app is a quick and hassle-free process. Here’s a simple step-by-step guide to get started:
Download & Install the Bharat Loan App
Open the Google Play Store and download the Bharat Loan App.
Verify Your Mobile Number
Please enter your mobile number and verify it using the OTP sent to your phone.
Access the App Dashboard
Once verified, you will be directed to the Dashboard.
Start the Loan Application Process
Fill in your details, including:
Name
Mobile number
PAN card number
Employment status (self-employed or salaried)
Address
Desired loan amount
Upload KYC Documents
Complete your KYC verification by uploading the necessary documents, such as:
Aadhaar card
PAN card
Address proof
Bank statements
Salary slips (if applicable)
Click the “Continue” button to proceed.
Select Loan Amount and Repayment Period
Choose the loan amount and the repayment tenure that suits your financial needs.
Wait for Loan Approval
The app will process your application, and within a few minutes, you’ll receive your loan approval status on the app.
Receive Funds in Your Bank Account
Once approved, the loan amount will be credited directly to your registered bank account within a few minutes to hours.
This easy process can help you get your Bharat app loan quickly and without hassle, all from the comfort of your home.
Bharat Loan Review: (RBI approved or not, real or fake)
Here is a detailed and in-depth review of the Bharat Loan app, focusing on key aspects such as its authenticity and legitimacy. The following review discusses questions such as whether the Bharat Loan app is real or fake, whether is it safe to use, and whether is it approved by the RBI.
Bharat loan app is RBI approved or not
Yes, the Bharat Loan app is backed by DEVMUNI LEASING & FINANCE LIMITED, a Non-Banking Financial Company (NBFC) registered and listed with the Reserve Bank of India (RBI). This ensures that Bharat Loan App works under RBI regulations and provides a safe and reliable lending platform to its users.
Bharat loan app real or fake
Yes, Bharat Loan App is a legitimate lending platform. It operates under DEVMUNI LEASING & FINANCE LIMITED, a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI). This registration ensures that Bharat Loan App complies with regulatory standards, a key indicator of authenticity in financial services.
is Bharat loan safe or not
The Bharat Loan app claims to operate under DEVMUNI LEASING & FINANCE LIMITED, a registered Non-Banking Financial Company (NBFC) listed with the Reserve Bank of India (RBI). This association provides a level of legitimacy and safety.
However, whether it is fully safe or not depends on a few factors that should be evaluated:
Reasons Why Bharat Loan App Might Be Safe
- RBI-Registered NBFC: Being associated with an RBI-registered NBFC ensures adherence to legal and regulatory frameworks.
- Transparent Terms: The app provides clear details about loan limits, interest rates, processing fees, and repayment schedules.
- Data Security: Reputable platforms typically use secure encryption to protect user data.
Bharat loan customer care number
- Website – www.bharatloan.com
- Customer Care – +91-8282824-644
- Email – care@bharatloan.com
Conclusion
Bharat Loan App provides a convenient and accessible option for individuals seeking instant personal loans, especially, those who need quick financial solutions from the comfort of their homes. Powered by DEVMUNI LEASING & FINANCE LIMITED, an RBI-approved NBFC, Bharat Loan offers a degree of reliability and compliance with regulatory standards.
Before applying, carefully review the terms, interest rates, and fees to ensure they align with your financial needs. If you proceed, borrow responsibly and stay informed about the repayment terms to avoid unnecessary financial stress.
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