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Ecofin Services

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Ecofin facilitates mobile based lending and the loans are disbursed by Karnavati Finance Limited, a non-banking finance company (NBFC).
Ecofin Loan Plans – 
Ecofin personal loan products are designed to give you the convenience of selecting the most appropriate plan having a salary as a basic-criteria.
Our 3 Loan Plans are for the young salaried employees
Ecofin Loan Plan 1: Tenure 62 days: 3% interest for 31days (35.32%p.a.)
Ecofin Loan Plan 2: Tenure 90 days: 2.75% interest for 30 days (33.46%p.a.)
Ecofin Loan Plan 3: Tenure 180 days: 2.5% interest for 30 days (30.42%p.a.)
The customer can avail loan between ₹ 10,000 to ₹ 50,000 based on the net salary of the customer.
All the plans attract a Processing Fee of 2% + 18% GST.
Sample Loan Calculation
90Days Plan: A customer avails a 90-day loan plan of ₹ 25,000 at an interest of 2.75% per 30days. 
Total Interest for 90 days = ₹2062.50 rounded off to ₹2063 
Processing fees (PF) + GST = ₹500 + ₹90 = ₹590
Total Deductibles (PF + GST+ Interest) = 500+90+2063 = ₹2653
In-Hand Amount: Loan Amount - Total Deductibles = 25,000 - 2653= ₹22,347
Total repayable Amount: ₹ 25,000
Monthly EMI Repayable = ₹,8333
 
The deductibles (interest + PF + GST) are deducted upfront during the loan disbursal. In case of 180-days plan, only 90days interest is deducted upfront and remaining 90days interest will be spread over EMIs.
 
Eligibility to apply for the loan on Ecofin app –
•	An Indian citizen 
•	In the age group of 21yrs to 50yrs.
•	A salaried employee earning a minimum net salary of ₹ 20,000 p.m. 
•	Salary crediting to the bank directly
 
Document required to apply for a loan –
•	PAN card
•	Permanent Address Proof – Aadhar Card/ Voter’s Identity Card or Utility Bills i.e. Electric/landline phone bill (not more than 2 months old)
For Temporary Address - Bank Statement, Utility Bill, Rent Receipt, Property Tax, and Lease & License Agreement.
•	Latest salary slip from the same employer
•	Latest statement of your Bank Account, reflecting salary credit for the last 3 months
•	Your selfie 
How does the Ecofin app work?
Ecofin enables young professionals to apply for a loan via a mobile app, without paperwork and pain. All you require is KYC documents, a salary slip, a bank statement that should be uploaded through the Ecofin app. Your financial and social worth are assessed, which forms the basis to NBFC to approve the loan. The loan money will be transferred to your bank account within minutes on successful verification of your documents.
Key features of the Ecofin app 
•	Three loan products to cater to the requirements of the large salaried sector.
•	100% Paperless loan application, approval, and disbursement.
•	In-app and online communication.
•	Loan amount transfer to your bank account.
•	Flexible loan plans to select based on your convenience.
•	Processing fee as low as 2% only
•	Loan eligibility verified within the app
•	No guarantees or collaterals needed
•	Easy loan repayment through various payment modes
How you can make good use of Ecofin loans?
As a salaried professional, your earning will be limited and many-a-times you may need small funds to meet unforeseen expenses. Ecofin cash loans help you in attending to these emergencies or unplanned expenses. The cash loan can be used for various personal purposes like furniture or car repair, holiday, medical emergencies, repaying credit card, hosting a party, etc. The interest rates are affordable, and you can select the tenure as per your convenience. 
 
Data Security & Protection of Privacy – 
At Ecofin, data security is a top priority, and therefore, we protect your data protected by using Amazon Virtual Private Cloud (VPC) for network-level isolation. 
Refer to our Privacy Policy on our website https://www.ecofinservices.com/privacy-policy that addresses the use and disclosure of information we collect from you.
Contact Us:
 For help or any other details about our loans plans, you may write to us at support@ecofinservices.com

Ecofin - Personal Loan App

Ecofin - Personal Loan App ਦਾ ਨਵਾਂ ਵਰਜਨ

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