MoMo

MoMo is an authorized digital lending platform and fully adheres to all regulatory requirements of the RBI. we have been partnered with India's registered Non-Banking Financial Companies (NBFCs) all the time include Jhuria Financial Services Private Limited. The names of our partnered NBFCs can be found on the RBI website access: https://www.rbi.org.in/Scripts/BS_NBFCList.aspx

We provide both short term and long term loans with an extended service. Customers can choose to extend the loan repayments for minimum period of 91 days and maximum period of 180 days.

Currently, we provide loans of minimum period repayment of 91 days and maximum period of 180 days, the amount from Rs 3000 to Rs 25000, and the maximum Annual Percentage Rate (APR) is 36%. Processing fee rate is based on personal credit which starts from 13.98% up to 26% of the loan amount.

If the loan amount is Rs 12000, Annual interest rate is 30% with 6 months installment, then the representative example of the total cost of the loan, including all applicable fees is as follow:
Total Processing fee = ₹12000 * 20% = ₹2400；
Interest per month = ₹12000 * 30% / 360 * 30 = ₹300；
Monthly repayment = Principal + interest = ₹2000 + ₹300 = ₹2300；
All repayment = monthly repayment * period of installment + total processing fee = ₹2300 * 6 + ₹2400 = ₹16200

Features of our long term loans: Interest charged only after the withdrawal. For example, customer A gets a credit in our App, It will no charges If he does not withdrawal.

Features of our short loans: provide loan extension option to extend the service life if customer facing trouble on the repayment.

All you need to do is signing up, creating your profile and applying for a loan. We will take it from there. After the review, you will be updated about your approval status. Once it is approved, you can borrow any amount from your credit limit and transfer it directly to your bank account. We will make sure that the waiting time is short. Apply now in MoMo to get through this hard time!

Features:
1. For revolving credit product, payback and use again immediately
2. 100% Online process
3. Credits given by comprehensive credit score
4. No guarantee/security required
5. Fast approval
6. Immediate bank transfer
7. Secure transaction
8. Easy and flexible repayment options
9. Backed by excellent customer service

Eligibility:
1. Indian citizen with Aadhaar
2. Minimum age of 21
3. Have a bank account in India such as SBI, HDFC, Kotak, Axis

How it works:
1. Download MoMo App from Google Play store
2. Register/Login with Phone Number
3. Complete basic information and upload KYC documents
4. Get your credit limit after a review
5. Get money into your account
6. Repay the loan before and on the due date

Documents required:
1. Selfie
2. Identity proof: PAN Card, Aadhaar Card and Voter Card(optional)
3. Bank Card
4. Latest Bank Statement File, Business Card and Salary Slip

Contact us:
If you have questions or complaints, please leave us a message through the Feedback page in our application or contact our customer service center. We are ready to serve you.
➡️ Call: 018-36670970(Service time: Monday-Saturday 10:00 am - 17:00 pm)
➡️ Mail: [email protected]
➡️ Official Website: https://www.moneed.net
➡️ Facebook: https://www.facebook.com/MoNeed2018

Security & Privacy:
Data security & privacy are given top priority at MoNeed Technical Service Pvt. Ltd. We comply with the highest security standards & protocols. All transactions are 100% secured.