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About the application:

Speed Money Loan is quite an efficient online loan assistant! We provide loan disbursal service to end players without any upfront fees. ※About Speed Money Loan ❤Product Features: ✅ No Credit history needed. ✅ Easy to apply and helpful reimbursement options. ✅ Amounts vary from ₹ 5,000 to ₹ 5,00,000. ✅ Duration from 92 days to 120 days. ✅ Maximum Annual Rate (APR): 0.05% per day. The maximum annual interest rate is 18.25%. ✅ There are no another hidden fees. Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors For example : Someone wants to apply for a private loan of ₹ 5 lakh with repayment tenure of 3 years. The interest rate charged At the loan is 12% and the processing fee is 1.5% and insurance cost is ₹ 4,700. The APR of the loan will be calculated as follows: The processing fee is coming at ₹ 7,500 and total fee including insurance cost is ₹ 12,200. And, the interest cost is ₹ 1,80,000. APR=K(12,200+1,80,000)/5,00,000)/1095)*365*100=12.81% The actual cost of loan is coming at 12.81% for the 3 years loan tenure and is higher than the nominal interest rate. Example of debt service due: If you take out a loan of ₹ 10,000 at 18.25% APR for 120 days: Daily interest = ₹10,000 x 18.25% / 365 days = ₹5 Total Interest: ₹10,000 x 18.25% / 365 days x 120 days = ₹600 Daily Repayment: ₹10,000 / 120 days + ₹5 = ₹88.3 Total Repayment: ₹10600 Security: We ensure all client data. We don't share it with anybody and we do not shop any client info at any put.