About MyMoney Instant Loan App
IIFL OPEN, one of India’s largest business financial solution companies, introduces MyMoney App. An app exclusively for small and medium sized businesses that offers zero-balance current accounts, personal loans & business loans, billing, accounting, GST & Taxes reports and much more. This is a top, technology backed business loan app in India with innovative online loans.
▶️ Key Features
● Instant Loan - Apply for a Business loan & Personal loan and get approval in under 10 minutes.
● Data Safety - The MyMoney business loan app ensures that your personal and investment-related details are 100% safe and secured.
● Business Banking - Manage banking, business loans & finances with just one app.
▶️ Functionalities
● Apply for a Zero Balance Current Account
● Get Instant Business Loans & Personal Loans
● Send bills/invoices to their customers/vendors
● Online Payment collection
● Send money to others
✅ Easy and Fast Setup
Get new business loans such as SME business loans and startup business loans with a user-friendly interface and navigation.
Download the instant personal loan app, create your profile, upload your KYC, and you are ready to go!
● Supported devices: Works on all Android (Android 5.0 version and above) and IOS smartphone devices.
● Location: Get online instant business loans disbursed from almost every part of India (catering to maximum locations /pin codes).
● Language: Currently available in the English language, soon to be launched in other languages.
👉 Quick Personal Loan App
● Get a personal loan online ranging from ₹2,000 to ₹5,00,000
● Attractive APR ranging from 21% - 30% makes repayment easy
● Risk-based interest rate on the personal loan, based on your profile
● Apply for a personal loan through a 100% online process with minimal documentation to ensure quick disbursal within 24 hours
● Flexibility to choose the loan tenure from up to 24 months
● Get rewarded with a higher loan on successful repayment
● Loan processing fees from 2.5% to 4%
● Minimum & Maximum period of repayment is 6 to 24 months
▶️ Example
Loan Amount: ₹20,000
Tenure: 180 days (6 months)
Interest Charged: ₹ 1,426 (24% per annum)
Processing Fee: ₹236 (2.5% of Loan Amount - ₹200 + GST @18% - ₹36)
Amount Disbursed: ₹19,764
EMI Amount: ₹ 3,571
The loan amount is ₹ 20,000. The disbursed amount is ₹ 19,764.
The total loan repayment amount is ₹ 21,426.
👉 Collateral-free Business Loan App
● Get business loans online ranging from ₹10,000 to ₹10,00,000
● Attractive (APR) Annual Percentage Rate (minimum) 11.75% - 25.75% (maximum) makes repayment easy
● Apply for a business loan through a 100% online application process with minimal documentation to ensure quick disbursal within 48 hours
● Flexibility to choose the loan tenure and repayment from 9 months to 5 years ● Get rewarded with a higher loan on the successful repayment Interest Calculation
If you avail of a loan of ₹3,00,000 for a tenure of 12 months at an 18% p.a. interest rate & and a processing fee of 2%, the loan EMI will be ₹27,504 and the total interest paid would be ₹30,048.
👉 Zero Balance Current Account (Powered by SBM)
With the MyMoney App, you can apply for a Zero Balance Current Account too.
● Sign Up to the app
● Complete your KYC
● Do your first transaction
● Activate your account
🏢 Registered Office
IIFL OPEN Fintech Pvt Ltd,
Sun Infotech Park, Road No. 16V,
Plot No. B-23, Thane Industrial Area,
Wagle Estate, Thane - 400604
Download MyMoney Instant Loan App
This release may come in several variants. Consult our handy FAQ to see which download is right for you.
Version:6.0.0
Uploaded:March 3, 2024 at 10:05AM UTC
File size:4.31 MB
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Version:5.0.3
Uploaded:January 9, 2024 at 2:16AM UTC
File size:48.88 MB
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Version:5.0.0
Uploaded:September 4, 2023 at 7:32AM UTC
File size:48.88 MB
Downloads:118
Version:4.0.35
Uploaded:August 11, 2023 at 12:26PM UTC
File size:33.85 MB
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Version:4.0.34
Uploaded:August 5, 2023 at 2:44AM UTC
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Version:4.0.33
Uploaded:July 26, 2023 at 8:25AM UTC
File size:33.84 MB
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Version:4.0.32
Uploaded:July 24, 2023 at 7:26AM UTC
File size:33.25 MB
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Version:4.0.31
Uploaded:July 21, 2023 at 2:25AM UTC
File size:33.25 MB
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Version:4.0.23
Uploaded:July 14, 2023 at 10:08AM UTC
File size:53.95 MB
Downloads:20
Version:4.0.22
Uploaded:July 12, 2023 at 3:05PM UTC
File size:53.95 MB
Downloads:16