Mystro: Simple, Quick & Instant Personal Loan app

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Mystro is India’s own and truly digital loan company that offers online Personal & Education loans. Mystro provides loan from its own NBFC Mitron Capital Pvt Ltd , which is a RBI registered entity. Loans offered are from Rs.10,000 to Rs. 3 lakhs repayable in EMIs. We serve customers through a completely online and paperless based process that can be accessed by Customer either through their Mobile Device or through www.mystro.in website.

Why download the app?

1. Zero charge for Application, pay only when we Approve your loan
2. Hassle free loan application (No paperwork, upload documents online)
3. No Visits, Transparent Online Documentation
4. Zero pre-closure charges on all Loans
5. Track & Repay your loan 24x7 on the app

How is Mystro Different
Mystro offers loans that are customised for EMI based repayment and not for Salary advance. Unlike most other personal loan products in market which are 15-day or 30-day advances, Mystro provides loans that are for longer duration so that you can repay in small & easy instalments.

Our Personal Loans are meant for taking care of your emergency requirements like sudden bill amounts, family events, goods purchase, medical, tuition fees and many other. As Mystro loans stand for "Lifestyle to Livelihood" loans, our loans are designed for meeting requirements of Salaried, Self-employed and Students as well.

Education loans are provided along with partnership with leading education/accredited vocational institutes. Loan amounts range from Rs. 10,000 to Rs. 3 lakhs.

Loans provided are from loan periods of 3 months to 36 months. Interest rates depend on loan product and vary from 15.00% to 36.00 % per annum.

Example of Personal Loan:
Loan Amount: ₹50,000/-
Interest Rate: 24.00% (on Reducing Principal Balance interest calculation)
Tenure: 12 months
Processing fees: Rs. 1500 + GST = Rs. 1770 (deducted from loan disbursed)
EMI: Rs. 4728
Total Interest Cost: Rs.6736
Total Loan Amount Repaid: Rs. 56736
Total Cost of Loan: Rs 8506
APR : 17.01% p.a

Example of Education Loan:
Loan Amount: ₹200,000/-
Interest Rate: 15.00% per annum (on Reducing Principal Balance method)
Tenure: 36 months
Processing fees: Rs. 6000+ GST= Rs. 7080 (deducted from loan disbursed)
EMI: Rs. 6933
Total Interest Cost: Rs.49590
Total Loan Amount Repaid: Rs. 249590
Total Cost of Loan = Rs 51714
APR: 8.62% p.a

How it works?
1. Install the Mystro app
2. Enter Mobile number and Enter OTP to Register
3. Check various Loan Products and Features
4. Scan your Aadhaar and PAN card, take your Selfie and upload current address proof
5. Complete a simple 2 minutes Loan Application form on the app
6. Check status after Submission of Loan application
7. On approval,Complete your Loan Documentation and Signing on the Mobile app
8. Get the funds disbursed in your bank account

Why us?
We provide loans from our own NBFC and hence there are no additional costs associated. For us customer comes first. Customer can apply for a loan free of cost. All our Loans do not have any Pre-closure charges. And all charges are levied as per policy and utmost transparency in interest and fee charging.

Know more about the products, company and policies @www.mystro.in
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What's New

1. Completely New User Interface
2. New page layout for Loan navigation
3. New Interface for Loan details, All Emis & other key info
4. Feature explainer video additions
5. Easier Navigation for checking Loan application status
6. Addition of various free utility tools for financial planning
7. Get free access to various helpful finance topics through App
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Additional Information

Updated
June 17, 2021
Size
16M
Installs
500,000+
Current Version
2.5.4
Requires Android
5.0 and up
Content Rating
Everyone
Permissions
Offered By
Mitron Capital
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