Small Business Loan: Tradofina

Arnold Holdings Ltd

Tradofina Instant Credit Loan App products

About this app

Tradofina provides instant Credit and Small Business loans from RBI-registered NBFC. Tradofina offers an Instant Credit Loan of ₹ 5000 to ₹ 60,000 and APR ranges from 14% to 28% for a tenure of 3 months to 24 months.
Example: Small business owners/self-employed can avail instant credit loan of ₹10,000. The total processing fee is ~8%. The interest rate is 18% p.a for a tenure of 3 months, amount payable is ₹10,450, and APR of the loan will be 27.54%.

Introduction

Tradofina provides a fast and seamless personal loan experience with a completely paperless digital KYC process. The app reviews your financial SMS data to assess income, monitor expenses, and perform an accurate credit risk evaluations, ensuring a reliable assessment of your creditworthiness. This process helps detect any potential fraudulent activity, keeping you secure while offering quick and safe access to credit.

Tradofina Instant Credit Loan App products

Instant Credit Loan

Tradofina offers an instant personal loan to salaried customers and self-employed store owners. The amount of loan ranges from ₹5000 to ₹60,000 only with PAN, Aadhaar Card for a tenure of 24 months.

Collateral free Small Business Loans

Tradofina offers business capital loan upto ₹1,00,000/- to small business and store owners to meet to run their day to day business activities.

Loans to different type of Priority Sectors

Tradofina also offers loans of up to ₹60,000 to priority sectors, based on RBI definitions. A priority sector loan is provided to women, artisans, small vendors, village and cottage industries, etc.


Top category & Businesses who have benefited and availed instant credit loan from Tradofina
- Get credit to grow your Kirana, General, Grocery, or Medical Store
- Boost your Mobile or Electronics Shop with quick loan options
- Hassle-free loans to keep your Bakery, Snacks, or Juice Shop running
- Instant Cash for Street vendors, Fruits and Vegetable shops

Examples of EMI, Fees, Interest rates for instant credit products offered by Tradofina app
Loan amount (Principal): ₹ 30,000.
Tenure: 12 months.
Interest Rate: 18% per annum.
Processing Fee (incl. GST): ₹ 750 (2.5%).
Total Interest: ₹ 3,005.
EMI: ₹ 2,750.
APR: 22.91%.
Loan amount is ₹ 30,000. Disbursed amount is ₹ 29,250.
Total loan repayment amount is ₹ 33,000.
Total Cost of the Loan = Interest Amount + Processing Fees = ₹3005 + ₹750 = ₹3755.

Eligibility Criteria:
• Minimum age - 21 years
• Minimum income ₹12,000 for salaried & ₹15,000 for Small business/vendors


Documentation:
Tradofina app is a 100% digital loan app; therefore, we don’t require any physical documents!
All you have to do is enter your PAN Card number, upload a digital photocopy of your Aadhaar Card, and click a selfie to avail your instant credit and business loan.


Why Tradofina to avail Instant Credit and Small Business Loan
✔Instant verification and speedy credit disbursement
✔ Fair & Low rate of interest and processing fees
✔ Easy & Convenient repayment options (UPI, Debit Card, Net Banking, Bank Transfer, etc.)
✔ Online personal loan approval in just 5 minutes
✔ No collateral & credit card required
✔100% secured via 256-bit SSL encryption
✔RBI-registered NBFC with 100% digital approval. The NBFC is Arnold Holdings Ltd.


How to avail Instant Credit by using Tradofina App
1. Install Tradofina - Instant Credit and Small Business Loan App
2. Register with a mobile number
3. Upload KYC documents and check your personal loan eligibility.
4. Accept the offer and get an instant approval for your loans.
5. Post-approval the loan amount is credited to your account instantly.


Contact us:
Customer Care Number: 022-48913684
Email: [e-mail]
Address: B 208, RAMJI HOUSE, 30 JAMBULWADI, JSS ROAD, MUMBAI, MAHARASHTRA 400002

Ratings and reviews

There are few drawbacks which I would like to highlight. 1. The tenure is only for one month. I have been using this app for 8 to 9 times but the tenure never increased. 2. The interest rate is way so high. I took loan of 34000. After deduction I received only 30000 and I have to repay 35700 which means 5700 extra and also within 30 days.... I would never consider this application as useful. This is way to depression.

good app and very easy for the documents parts to get the loan instantly. hi team my request is m using this app since 4year please extend the tenur instead of one month

third class Loan app For 26000 Loan Amount only we get 23400₹ & it show for repayment only 26400 aprox but after Payment if we do it takes more than 27084₹ , it is Fooling us🥴😤😡😠 more than 3600 rupe it takes for internet in a month % wise more than 150-200% interest #RBI please Take strict action on it what will do layman here

What’s new

Bug fixes and improvements