Student l Instant Loan upto 1 lakh , Loan, Low salary Loan, Medical loan
What is upwards app?
upwards is an app lending platform. Upwards provides instant personal loans to all the college students’ loan, salaried person loan, and lenders approve unsecured loans based on a borrower’s creditworthiness. Unsecured loans are riskier than secured loans for lenders, so they require higher credit scores for approval
Products Loan Types.
• Student Loan • Salaried Loan • Payday Loan • Travel Loan • Marriage Loan • Medical Loan • Home renovation Loan • Short time Loan • Same Day Loan
• Loan for low cibil score
What is the minimum & maximum loan amount I can borrow?
• For Salary Advance loans you can borrow to Rs 1000 to 1, 00,000/-
• For Unsecured Loans, you can borrow up to Rs 1 lakhs. What are the interest rates of loan?
• Interest Rates maximum from 18% to 32% per annum as per CIBIL score.
• Processing Fee: upto 2% of the loan amount.
• Repayment Period: 6 months to 24 months.
Are there any fees to apply for a loan on upwards?
No, there are absolutely no charges to apply for a loan. How soon can I get the loan amount in my bank account? We take 24 hours to 48 hours for the final approve/reject decision and additional 2-2 working days (required for document collection) for loan disbursal.
What are the eligibility criteria?
We look at a host of information relating to your income, income growth and stability, spending habits, education credentials etc. Based on your comprehensive profile, we take a decision on your eligibility for the loan amount applicable
Why I should choose on upwards App?
• Directly disbursed to your bank account
• 100% paperless and digital process on mobile
• 24×7 access to loan/money
• Convenience of payment through various methods
• Quick Approval
• Low processing Fee, longer tenure and attractive interest rate
• Fast Disbursal
• Pan-India access
• Repay on time improves credit score and get access to higher amounts
• Repay later option lets you pay part of the loan on the due date & extend repayment term multiple times.
What Documents is required upwards App for Loan?
• Your Profile pic
• Pan Card
• Aadhar Card
• Salary Slips (last 3-6 months)
• Bank Statement (last 6-12 months)
• Proof of current address (electricity bill, phone bill etc.)
What happens if I default my loan?
Loan default is a serious offence and is highly non-advisable. In such a case, RBI has mandated all banks and NBFCs to report default to all 4 Indian credit bureaus (CIBIL, Experion etc.).
As a result, you will not be able to avail loan from any other bank or NBFCs in the future. In addition, we may prosecute you for default under Section 138 of the Indian Penal Code if deemed necessary.
What happen if I am unable to pay Emi on time?
Please let us know if you are unable to pay back your loan in due-time and we will be happy to extend our best support.
Typically, we charge a late payment penalty on any delayed loan repayment. The late payment penalty amount depends on your profile, loan amount and extent of delays.
What is the process to apply for a loan via Upwards.in?
Simply, you can download our application on Google play store, Then Fill basic details; upload Kyc document, Income proof Then We will notify you of your loan sanction decision on a near real-time basis upon the completion of your KYC details. Documents, Then
Is upwards legal in India?
Yes, upwards app is absolutely legal, safe to use and the best loan app in India.
How secure is my data on upwards app?
Very secure. We use bank grade security (256-bit SSL encrypted) for storing all your personal and financial data.
How can I trust on upwards app?
Founded in the year 2017, upwards is a RBI registered NBFC committed to offering personal loans to salaried professionals. We stand for catering to your personal financing needs in an easy way by adding technology to the loan buying process, thereby providing you instant access to funds in a simple and transparent way.
In the year 2019, Upwards got the NBFC license from RBI. We are committed to offering personal loans to salaried professionals at low interest rates and less processing fee.
Nowadays, loans have become more accessible to borrowers once they meet the required eligibility criteria. The major concern arises with choosing between banks and NBFCs.
In a Financial Stability Report, the RBI confirmed that NBFCs are outperforming banks, increasing customer satisfaction.
RBI has necessitated that trustees would need to be entirely responsible for the protection of depositors’ interests.
For this purpose, the central bank has mandated the trustee company to enforce security and take possession of the property charged in accordance with the provisions of the deed.
The trustee would have to ensure that depositors receive interest payments on time and get their deposits redeemed on the date of maturity. It would also need to inform RBI if it comes across a case of breach of trust.
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance. To know more, you can visit their official website
Disclaimer: We only give information about applications, Loans, NBFCs, Bank, Jobs, New Scheme by reading their official website and analyses all the things. You will get the loan through upwards App.