MyMoneyMantra is a loan service provider that offers personal loans from different lenders with favourable terms. You can get a MyMoneyMantra personal loan ranging from 10,000 to 1Cr at an attractive interest rate starting at 10.49% p.a. Which you can use for any emergency, personal, education or medical purposes.
You can get the best lender that suits your financial needs with a personal loan from MyMoneyMantra.
MyMoneyMantra offers you flexible and tailored financial support, helping you get the right personal loan terms for your requirements. The following table shows what MyMoneyMantra personal loan is offering:
|Starts at 10.49% p.a.
|Rs. 10,000 to Rs. 1 Cr
|3.5% of loan amount
|12 - 60 months
The interest rate for MyMoneyMantra personal loan will differ from one lender to another. It will be determined by various factors such as the loan amount, tenure, credit score, credit history, and more.
|MyMoneyMantra Interest rate
Apply for a Personal now!
Apart from the interest rate, a personal loan will also have other fees and charges. These charges will depend on individual lenders, as they consist of various aspects of the lending process. These fees and charges are significant to balance the cost of the lending process service given by the lenders.
Here are the fees and charges offered by MyMoneyMantra:
|3.5% of loan amount
|1% - 2% of outstanding loan balance
When you are considering a personal loan, it is important to know the eligibility criteria set by the lenders. MyMoneyMantra also has its own set of eligibility requirements for a personal loan, these are:
|21 - 60 Years old
|Salaried, Self-employed professional, Self-employed
non-professional and business owners.
|2 years continuous in a job or 3 years in business.
|Income Tax Returns
|Last 2 years ITR
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To get a personal loan, you need to provide an accurate set of documents. These documents act as proof of your identity and repayment capabilities. Therefore, to ensure that the application process goes smoothly, you will need to know what documents are required for which lender.
Here are the documents that are required by MyMoneyMantra:
|PAN, Aadhaar Card, Driving Licence, Voter ID, Passport, Rental Agreement.
|Income Proof (Salaried)
|Salary slips of last 6 months, ITR and Form 16 of the last 2 years, 3 months Bank Account Statement, and Employment Certificate.
|Income Proof (Self-Employed)
|Financial Statement (Balance Sheet and Profit or Loss Statement), IT returns of last 2 years, Bank Account Statement, GST Registration.
|Personal loan application form, Recent passport sized photograph, Processing Fee cheque.
Taking a MyMoneyMantra personal loan comes with monthly repayment installments that are an important part of the loan journey. These EMIs make the repayment much simpler and more convenient. Understanding how much EMI you will need to pay before applying for a loan is important to effectively manage your finances.
There are two ways by which you can know your EMI amount. You can check your EMI by using the EMI calculator below. All you need to do is enter the loan amount, interest rate, and tenure in months.
You can do so by calculating the EMI manually using the formula:
EMI=P * r * (1 + r)n/(1 + r)n-1
In this equation:
‘r’ stands for the interest rate.
‘P’ stands for the principal amount.
‘n’ represents the loan repayment period.
Comparing personal loans from different lenders is important in order to make a well informed financial decision. Every lender offers unique terms, interest rates, and repayment structures. Conducting a thorough comparison will help you identify the best terms that are tailored to your financial circumstances.
Here is a list of the top NBFCs and their interest rates:
|INTEREST RATE (p.a.)
|10.49% p.a. onwards
|11.99% p.a. onwards
|12.00% p.a. onwards
|13.99% p.a. onwards
|12.25% p.a. onwards
|16.80% p.a. onwards
|15.00% p.a. onwards
|15.96% p.a. onwards
|24.00% p.a. onwards
|24.00% p.a. onwards
|27.00% p.a. onwards
|HDB Financial services
|Upo 36% p.a. onwards
Read Less*Note: The interest rates are dynamic and subject to change based on your credit history and credit worthiness.
Ready to take the next step?
MyMoneyMantra personal loans offer distinct and unique features and benefits. Some of them are highlighted below:
You can choose a tenure
that you are comfortable
You can borrow anv loan
amount between 10,000
Get the loan disbursed with
48 hours of application.
MyMoneyMantra offers low
interest rates starting from
loans have no hidden
charges or fees.
There is no need to provide
collateral as it is an
There are many different types of loans that MyMoneyMantra provides. These are:
Travel Loan: A travel loan is an opportunity for you to turn your travelling dreams into reality. Whether you want to travel abroad in style or go on a backpack journey across India, a loan can help you cover the expenses. Along with the loan you may also get travel insurance.
Wedding Loan: Manage your many celebration expenses with a wedding loan. Make your once in a lifetime event a memorable one by getting the best caterers, venues and attires.
Festival Loan: A festival loan can make your special occasion even more memorable. This loan offers you financial support to enjoy the festivities without financial strain. It helps to cover decoration, gifts, and other expenses.
Consumer Durable Loan: Consumer durable loans help make the purchase of expensive home appliances or furniture more pocket-friendly.
Pension Loan: Pension loans are a valuable source of funds to help retirees meet various financial needs, such as medical expenses, home improvement or more. These loans offer comfortable repayment plans that fit their repayment capabilities.
Home Renovation Loan: Renovate your home with ease with the help of a home renovation loan. This loan will cover all renovation, repair, new material purchases and house related expenses.
Education Loan: An education loan helps you achieve your higher academic dreams and aspirations. It covers tuition fees, accommodation and study materials expenses for studying abroad and in India.
Follow these steps to apply for a home renovation loan with Buddy Loan:
Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
Step 5: Enter your work details (Including company name, years of service and Designation)
Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
Take the next step? Apply for a Personal loan now!
MyMoneyMantra Personal loan is a financial aid that you can get to fund your education, medical emergencies, home renovation, wedding, and more. All you need to do is visit their website, apply for a personal loan and get personalised offers from various lenders.
To apply for a personal loan through mymoneymantra, you need to visit their website, go to the personal loan application page, enter the required information and follow the instructions given on the website.
The minimum loan amount you can get through My Money Mantra is ₹10,000 and the maximum amount you can get is 1 Cr.
The interest rate for personal loans offered by MyMoneyMantra starts at 10.49% p.a.
To be eligible for MyMoneyMantra personal loan you need to be an Indian citizen of 21 to 60 years of age. You must be salaried or self-employed with a minimum income of ₹20,000 with work experience of at least 2 years and business continuation of 3 years. Along with a credit score of 700.
Depending on your credibility, your loan application can be approved anywhere between 48 hours or 7 days.
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