Neo Money – Personal Loan App

DHRUVA CAPITAL SERVICES LIMITED

About this app

Neo Money is a digital lending platform that enables eligible users to apply for short-term personal loans through a fully digital and paperless process. Loan applications are assessed based on eligibility, verification, and risk evaluation. Approved loan amounts are disbursed directly to the user’s registered bank account.

Key Features:
• Fully digital and paperless loan application process
• Loan assessment based on eligibility and verification
• Direct bank account disbursal for approved loans
• Flexible repayment options as per loan agreement
• Secure platform with data protection measures
• In-app customer support assistance

Loan Terms:
• Loan Amount: ₹500 – ₹50,000 (based on eligibility)
• Initial Loan Eligibility: ₹500 – ₹5,000
• Loan Tenure: 61 to 180 days
• Annual Percentage Rate (APR): Up to 144%
• Processing Fee: Up to 2% of loan amount + applicable GST
• Late Payment Charges: Applicable as per loan agreement
• Repayment Extension: Available as per applicable terms and eligibility

Representative Example:
For a loan amount of ₹1,000 for 61 days:
• Interest: ₹180.49 (at 108% APR)
• Processing Fee: ₹20 + applicable GST
• Total Repayment Amount: ₹1,180.49 + applicable GST

Eligibility:
• Applicants must be 18 years or older
• Students
• Salaried Individuals

Documents May Include:
• PAN Card
• Aadhaar Card
• College ID (for students)
• Salary Slip / Bank Statement (for salaried applicants)
• Other KYC documents as required

Important Disclosures:
• Loan approval is subject to eligibility, verification, and credit assessment
• Loan terms may vary depending on applicant profile
• Approval is not guaranteed
• Users are advised to review all loan terms carefully before proceeding
• Terms and conditions apply

Company Information:
NeoMoney is operated by Dhruva Capital Services Ltd, a Non-Banking Financial Company (NBFC) Registration Number 10.00098. Registered under RBI Act, 1934. Registered with the Reserve Bank of India.

Registered Office:
33A, Chowringhee Road, Flat No-A7, 13th Floor North Side, Chatterjee International, Kolkata – 700071

Customer Support:
Email: [e-mail]
Phone: [phone]

Website:
https://neomoney.app