Product information
Short-term personal credit
An unsecured, single-repayment loan for salaried individuals, repaid in one instalment at the end of the term.
These are illustrative terms, not live terms
Product configuration 0.1.0-illustrative is an example used to demonstrate this website. The lender's approved terms will be published here before any application can be submitted to them.
Key terms
| Lender | [To be confirmed: legal name & RBI registration of the regulated lender] |
|---|---|
| Enjoy the Credit's role | [To be confirmed: role (lender / Lending Service Provider), as approved by counsel] |
| Loan type | Unsecured short-term personal loan, no collateral |
| Loan amount | ₹5,000 to ₹1,00,000, in steps of ₹1,000 |
| Repayment period | 15, 30, 45, 60, 90 days |
| Repayment method | Single repayment of principal and interest on the due date |
| Interest | 30.00% per year, simple interest, charged for the actual number of days (Actual/365) |
| Processing fee | 2% of the loan amount (minimum ₹500, maximum ₹3,000) + GST at 18%, deducted from the amount disbursed |
| APR | Shown for your exact amount and term in the calculator and in your Key Facts Statement |
| Penal charges | [To be confirmed: lender's board-approved penal charges policy] |
| Prepayment | [To be confirmed: prepayment terms] |
| Cooling-off period | 3 days from disbursement (illustrative; the minimum permitted is 1 day) |
Who can apply
- • Aged 21 to 58
- • Living in India
- • Salaried — full-time (contract employees may apply with extra documents)
- • Take-home income of at least ₹25,000 a month, paid into a bank account in your name
- • Existing repayments that leave room to afford a new loan
Meeting these criteria doesn't guarantee approval. The lender assesses your creditworthiness and affordability before deciding.
Documents
PAN
Required for KYC and the credit check.
Latest salary slips
Shows your current income so the lender can check the loan is affordable for you.
Salary account statement (if requested)
Helps confirm regular salary credits. Only requested where the lender needs it.
Address proof (if different from KYC) (if requested)
Used only to verify your current address when it differs from your KYC records.