Indel Money 1.0.25

Indel Money Limited has positioned itself as a prominent non-banking financial company in South India in recent years. With the introduction of their new mobile app, the company aims to enhance customer interaction and streamline service delivery.

The mobile app allows Indel Money customers to conduct online transactions using their registered mobile numbers. Noteworthy features of the app include:

• Comprehensive view of various products and features offered by Indel Money.
• Access to Gold Loan schemes along with detailed benefits and information on active loans.
• Convenient online payment of interest or part payments for loans via an e-payment gateway.
• Branch locator to assist customers in finding the nearest Indel Money branch.
• Quick payment capabilities using QR codes or loan account numbers displayed in loan documents.
• Appointment booking facility with branches of Indel Money.

The process to avail Doorstep Gold Loan in metro cities has been simplified into three easy steps:

1. Download the Indel Money mobile app and request a doorstep Gold Loan.
2. Receive gold evaluation and KYC verification at your doorstep.
3. Transfer of funds instantly to your bank account.

Details for Gold Loans are as follows:

• Loan amounts range from ₹1,000 to ₹20 lakhs, with credit approval necessary for higher amounts.
• Loan durations span from a minimum of 365 days to a maximum of three years.
• Annual interest rates range from 12% to 24%, with potential increases for delayed interest payments.
• Processing fees vary based on the loan scheme, starting from ₹0 to ₹1,000 for specific schemes.

For Personal Loans, customers can expect:

• Loan amounts from ₹1,000 up to ₹10 lakhs, subject to credit approval.
• A maximum duration of three years with interest rates between 12% and 24%.
• Processing fees ranging from 0% to 1% based on the chosen loan scheme.

Regarding Loan Against Property, the offerings are tailored specifically for business class customers:

• Loan amounts between ₹2 lakhs and ₹20 lakhs with tenors spanning from 36 to 84 months.
• Pricing is risk-based, ranging from 14% to 18%, and requires comprehensive assessment methods such as ITR or cash flow analysis.

Indel Money also provides MSME Business Loans with similar structures catering exclusively to business customers. The loan amounts range from ₹50,000 to ₹2 lakhs and terms extend from six to twenty-four months under similar pricing models.

The CD Loans scheme offers competitive terms that exclude onboarding fees but detail significant consequences for early closure after maturity. Customer feedback regarding the mobile application is encouraged for continuous improvement in service delivery.