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Fee payable to MyLoanCare: Upto ₹ 3,000. Total Monthly Cost – From ₹ 3,540 for 36 Months ₹ 1,00,000 loan at 16.50% (lowest rate, longest time period) to ₹ 35,127 for 3 Months ₹ 1,00,000 loan at 32.00% (highest rate, shortest time period). This is inclusive of principal repayment. Annual Percentage Rate (APR) of charge including all ...
Introduction . MyLoanCare Ventures Private Limited (hereinafter referred to as the “Company” or “MLC”) is a Private Limited Company registered under the Companies Act, 2013 vide CIN U65100DL2013PTC258637 and registered with the Reserve Bank of India as a Non-Systemically Important, Non-Deposit taking, Non-Banking Finance Company under the category NBFC- ICC vide CoR N-14.03560 dated 23rd September 2021.
Monthly EMI - . Sr. No. Balance Interest Principal
Further, vide circular DNBS (PD)C.C. No. 133 /03.10.001/ 2008-09 January 2, 2009, RBI advised the NBFCs to adopt appropriate interest rate models considering relevant factors and to disclose the rate of interest, gradations of risk and rationale for charging different rates of interest to different category of borrowers.
4. Features of The Co-Lending Model (CLM) 4.1 Sharing of Risk and Rewards. In case of priority sector lending – At least 20% of the credit risk by way of direct exposure shall be on Myloancare books till maturity and the balance 80% will be on Co-Lender’s books.
A. BACKGROUND. 1. MyLoanCare Ventures Private Limited is a Private Limited Company registered under the Companies Act, 2013 vide CIN U65100DL2013PTC258637 and registered with the Reserve Bank of India as a Type-II Base Layer Non-Systemically Important, Non-Deposit taking, Non-Banking Finance Company under the category NBFC- ICC vide CoR N-14.03560 dated 23rd Sep, 2021.
2.4 The Borrower shall pay interest on the Loan on the Interest Payment Date at the applicable Interest Rate. Subject to the commencement of Interest Payment Date with respect to the Loan, all interest accruing on the Outstanding Dues under the Loan shall accrue from day to day and shall be calculated on a reducing balance by taking a base of ...
myloancare.in. MyLoanCare Ventures Private Limited Plot No. 131, Sector 44, Gurugram, Haryana 122001
Contact No: +91-9911862226 (Monday to Saturday: 10 AM to 6:30 PM) Email: care@myloancare.in Nodal Grievance Redressal Officer
MyLoanCare need your personal information for the following purposes –. to comply with statutory and other requirements under law. to comply with our Loan policy. to assess your creditworthiness for our loans and services. to reply to your queries being submitted by you. process applications submitted by you.
