Momo personal loan app - Interest rates, Eligibility, Documents required

Momo personal loan app

MOMO is an App providing personal loans varying from ₹3,000 to ₹30,000 at an interested maximum up to 36% per annum for 60 days.

You can easily Sign up in seconds and register your profile in easy steps, to apply for loans and get your approval easily after review. Once the loan is approved you will be able to borrow amount beast on the credit limit set by the company, money can be easily transferred into your bank account. Let's Download the MOMO app and get an instant personal loan.

Momo personal loan app - Interest rates, Eligibility, Documents required for applying personal loan

Momo app Features

Momo app offers a wide range of offers for taking a personal loan
  • No guarantee/security required.
  • Easy and flexible repayment options.
  • Credits are given by a comprehensive credit score.
  • Fast approval.
  • Immediate bank transfer.
  • Backed by excellent customer service.
  • Payback and use again immediately.
  • 100% Online process.
  • Secure transaction.

Documents required for Momo personal loan 

  • A Bank account.
  • Latest bank account statements for 3 months, salary slips, and ID cards.
  • PAN Card/ Aadhar card/ Voter ID.
  • A selfie.

Eligibility for Momo personal loan

  • Should be an Indian citizen.
  • Should have a bank account such as SBI, HDFC, Axis, Kotak.

Momo Interest rates and Fees 

  • Up to 36% per annum.
  • The processing fee varies from 13.98% and up to 20.76%.

Example of Momo personal loan 

      If you take a loan of ₹3000 with an interest rate of 36%, with a minimum duration of 15 days then the processing fee would be 13.98% @419.4, the Total amount you will be paying ₹ 3464.4 after 15 days.

Momo personal 

  • The loan amount varies from ₹3,000 to ₹30,000
  • Maximum interest rates up to 36%
  • Loan duration varies from 15days to 60 days
  • Processing fee starts from 13.89%

Steps to apply for Momo personal loan 

  • Download MoMo App from Google Play store
  • Register/Login with Phone Number
  • Complete basic information and upload KYC documents
  • Get your credit limit after a review
  • Get money into your account
  • Repay the loan before and on the due date

Momo customer care 

Momo customer care details 018-36670970, You can easily mail 

Conclusion (Personal review)

   With more than 5 Lakhs downloads on Playstore, it one of the most reliable apps around. They disburse loan very quickly and the customer care response is also quick, The interest rates are high and there is a limited loan that you can borrow. For a salary advance, this company is very good as there is no late payment.

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Also read:

Find the Official website of Momo personal loan app

Download the Official app: Momo personal loan

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