New personal loan app, Tala Loan App
One time processing fee will be charged of 15% from the loan approved amount.
APR will be 36% per annum.
Taxes GST will be 18% of processing Fees
Minimum repayment period is 62 days and Maximum repayment period is 90 days.
If you take loan of rs.1000
GST & Processing Fees; Rs.150*18%=127
Loan disbursed amount = Rs.822
Total Interest for Rs.1000*36%*90/365=Rs.61
Total Repayment amount = Rs.1061
This app accepts application on behalf of its partners DMI Finance and Apollo Finevest India ltd, to provide loan to its customers.
Permissions they ask while download the app, They ask access to review certain information, such as SMS history, in order to verify your identity. Private information will not be shared without customers direct permission.
If you forget or unable to pay the repayment amount on time they will charge 8% of interest on over due charges, so try to pay the Emi on time to avoid extra charges, we are not promoting any apps we are just sharing the information so use this app on your own risks, Thank you.


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Use these Apps on Your Own Risks, we are only providing information about this apps, not promoting, so use accordingly, Thank you