Mystro: Simple, Quick & Instant Personal Loan app 2.3.6
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ABOUT Mystro: Simple, Quick & Instant Personal Loan app
Mystro is India’s truly digital loan company that offers Online Personal loans from its own NBFC for Education, Business, Medical, Emergency needs. Mystro is an online loan application platform of Mitron Capital (a Mumbai based NBFC) that specializes in small ticket loans ranging from Rs.10,000 to Rs. 2 lakhs. We serve customers through a completely online based process that can be accessed by Customer either through their Mobile Device or through our Website. Why download the app? 1. Zero charge for Application, pay only when we Approve your loan 2. Hassle free loan application (No paperwork, upload documents online) 3. Transparent and Easy process of Documentation 4. Zero pre-closure charges on all Loans 5. Track your loan 24x7 on the app Loan products offered: Loan products meant for Self-employed or Salaried Individuals. Choose from our various tailor-made offering with Loan amounts ranging from Rs. 10,000 to Rs. 2 lakhs. Loan duration vary from 3 months to 36 months. Applicable Interest Rate will range from 1.00% p.m. to maximum of 3.00% p.m. i.e. an Annual Rate of Interest between 12.00% p.a. - 36.00% p.a. Example of cost of loans: Amount Borrowed(Principal): ₹20,000/- Interest Rate: 2% monthly Simple Interest Tenure: 8 months Processing Fee = ₹400 Amount disbursed = ₹20000 Your EMI amount = ₹2958 Interest amount = ₹3264 Total Cost of Loan = ₹464+₹3200 = ₹3664 APR = (3664/20000)*12/8 = 27% How it works? 1. Install the Mystro app 2. Enter Mobile number and Enter OTP to Register 3. Check various Loan Products and Features 4. Scan your Aadhaar and PAN card, take your Selfie and upload current address proof 5. Complete a simple 2 minutes Loan Application form on the app 6. Check status after Submission of Loan application 7. On approval,Complete your Loan Documentation and Signing on the Mobile app 8. Get the funds disbursed in your bank account Why us? For us customer comes first. Customer can apply for a loan free of cost. Only on Loan decision, they are required to pay a small confirmation amount. All our Loans do not have any Pre-closure charges. And all charges are levied as per policy and utmost transparency in interest and fee charging.