About fynloans.com
fynloans is a new age loan marketplace which provides detailed eligiblity on the basis of unique internal algorirthm, where data has been craeted after years of reasearch and understanding of financial products. It also helps customers connect directly with the lenders.
- You can check instant indicative eligibility
- Compare rate of interest and EMI
- Select from lenders of your choice and apply
- Submit Documents & Speak to bank Representative
- fynloans provides you with door Step service
Example for Representaional Purpose
- Car Loan Interest Range : min 7.50% to 10.00% (Annual Rate)
- Loan Tenure: 1 Year to 5 Years
- Processing Fee Charge: 1%-3% of the loan amount + Service Tax
- Other Charges include : Documentaion Charges, Legal Charge, Amortization Schedule charges ( Varies with lender to lender)
- Representative Example:For a loan amount of 5 lakh @ 13% for tenure of 5 years, EMI will be Rs 11,377. Total Interest Payable Rs 182,592. Total Payment (Principal + Interest) Rs 682,592
- Penalty on Late payment: A borrower must ebsure that EMI is paid on time. Defaulting the payment of an EMI attracts penalty which varies from Bank to Bank T
- Prepayment or foreclosure Charges: You can close your loan before actual term ends. This charge is usually 2% to 4% and varies from bank to bank.