Life Wallet is the new, easy and simple way to loan money. This app allows you to take a loan to pay your bill easily. After the approval, the money will be directly transferred to your bank account.

The app has some simple requirements like an email id, Pan card, phone number, and bank account.

Features:

You can make a simple e-contract to take a loan from 1,000 rupees to 5,000 rupees with a term of 92 days to 360 days.

Service Fee:

The service fee will be 10% of the loan amount, while tax will be added at 18% of the loan amount.

Loan Agreement:

This is the e-contract that is created when you apply for a loan.

Repayment:

Repayment will be made into three (92 days in total) to six installments (180 days in total). Interest is included in each of the installments. For instance, if the loan amount is ₹3500, the maximum interest charged for each installment will be ₹24.16. There won’t be other charges except for the principal and interest.

Features:

1. The money will be transferred to the bank account in a short period of time.

2. Once the approval is completed, you can get the money without any other documentation, and there is no need to wait for approval again.

3. Your privacy will always be our priority.

Security:

Relevant data will be stored on Aliyun's Mumbai server of Aliyun Cloud Security. Bank-level encryption technology provides advanced protection. Only transaction messages will be recorded.