A modern money-lending platform, MoneyLoji has launched its app which offers quick loan within 5 minutes for salaried professionals.
Loans can be availed for emergency requirement such as medical expenses, purchasing a new gadget or appliance, planning a short trip or a short-term education course, monthly rents or advancing someone urgent funds, hospital bills, or EMIs on personal loans, housing loans, and insurance policies.
The AI enabled app provides a flexible repayment option starting from 7 days to a maximum of 90 days. Users need to follow 3 step process–application, approval and disbursement—to get the loan. The eligibility criteria are an in-hand salary of Rs 20K per month and a minimum age of 23 years. Users need to upload identity proof, address proof, last 3 months bank statement along with the salary slip. Users can borrow loan starting from Rs 10K up to Rs 1 lakh.
