ATDMoney Salaried Loan app 6.0

ATD Money is a personal loan app tailored for salaried individuals. The company does not maintain databases, operate as an NBFC, or directly lend to customers. Rather, it functions as a Fintech Company facilitating loans through its RBI registered NBFC Partner: ATD Financial Services Pvt Ltd, following the terms and conditions agreed upon by the NBFC and the customer.

Customers can access quick loans ranging from Rs. 3,000 to Rs. 50,000 with a repayment period of 91 to 365 days, dependent upon the risk profile of the customer and company policy. The amount is transferred to the customer's bank account within just 10 minutes under the NBFC's terms and conditions. ATD Money boasts a 100% digital loan application process.

Operating in collaboration with their lending partner ATD Financial Services Pvt Ltd, ATD Money offers an interest rate of 0.067% ROI per day. Additionally, the company charges documentation fees ranging from 3.5% to 7.5% and processing fees between 3.5% to 7.5% (excluding GST). These charges, excluding interest rates, vary based on factors such as the customer's risk profile, previous relationship with the company, prompt repayment of past loans, and strong income eligibility background.

For example, if a personal loan application is processed for an amount of ₹3,000 to be repaid in 91 days, the payable interest will be ₹182.91 only. One-time documentation fees plus processing fees payable at 3.5% + 3.5% amount to ₹247.80 only (including an 18% GST of ₹37.80). This sum is deducted from the loan amount leaving a net disbursement amount of ₹2,752.20, with a total payable amount of ₹3,182.91 on the due date.

ATD Money applies no prepayment charges but imposes penalties for delayed scheduled repayments. Customers are informed regarding all applicable fees and charges through agreements shared via their registered email addresses.

ATD Money is an online platform providing personal loans for daily needs particularly aimed at low-income earners. While existing users experience credit within 10 minutes, first-time applicants may take up to 30 minutes for their application process.

Key Features:

• Personal loans tailored for salaried individuals
• Instant personal loans up to Rs. 50,000
• Funds transferred directly to your bank account within minutes
• Flexible tenure of up to 365 days subject to the customer's risk profile and company policy
• No additional charges
• Maximum Annual Percentage Rate (APR) at 45.85%

Benefits & Risks:

• Favorable access to higher loan amounts and durations upon timely repayments
• Payment behavior shared with credit rating agencies for credit score assessment

Eligibility criteria include Indian citizenship, employment as a salaried individual, a minimum age of 18 years, and a monthly income exceeding Rs. 18,000.

ATD Money disbursed over 25,000 mini loans without requiring a CIBIL Score or post-dated checks; only an E-Mandate is necessary for low-interest rate loans.

Document Requirements:

• Photograph
• PAN Card (as ID Proof)
• Aadhar Card (as address Proof)
• Bank Statement
• Salary Slip
• Virtual Customer Identification Process (VCIP)

To begin using ATD Money:

• Install the ATD Money App from the Play Store
• Create your profile
• Upload necessary details & documents on the app and submit your application for a quick loan
• You'll receive approval status notification within 3 minutes of your application
• E-sign the loan agreement
• Upon E-signing the agreement, your loan amount will be transferred to your bank account within 10 minutes

Data security & privacy are prioritized at ATD Money with all transactions secured via a 4096-bit SSL encryption protocol ensuring safe data transfer over secured connections. Customer data is confidential and not shared with any third-party entities without consent.

Contact Information:

• "https://www.atdmoney.com/terms-of-use.php"
• "https://www.atdmoney.com/privacy-policy.php"
"https://sachet.rbi.org.in" Email:[email protected] Contact Number: 9999589201 A-86 B
2nd Floor
School Block
Chander Vihar Delhi-110092