| Interest Rate | 40% |
| Duration | From 30 Days |
| Access Level | Public |
| Company Name | Akme Fintrade (India) Limited (AFIL) |
| Phone 1 | +91-1234567890 |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | service@akmefintrade.in |
| Views | 78 |
Aasaan Loans, powered by Akme Fintrade (India) Limited (AFIL), boasts a 25-year legacy in traditional lending services. AFIL operates across Rajasthan, Maharashtra, Madhya Pradesh, and Gujarat, with 25+ points of presence in 4 states, including 15 physical branches. Having served over 200,000 customers to date, Aasaan Loans is dedicated to helping small businesses grow by providing loans to those with potential and intent. Many of these businesses lack access to capital from traditional banks or financial institutions and often lack collateral or a financial data trail required to secure loans.
Vehicle Financing Made Easy
Aasaan Loans assists you with the purchase of two-wheelers, three-wheelers, or four-wheelers of your choice through a swift and hassle-free process, offering maximum on-road finance for your vehicle. We specialize in delivering custom loan financing options for Aasaan two-wheelers, three-wheelers, and four-wheelers, helping you realize your aspirations.
Eligibility Requirements
- Minimum Age: 21 years
- Minimum Income: ₹10,000 per month
- Eligible Applicants: Salaried & Self-Employed individuals
Required Documentation
For Salaried Applicants:
- Last 3 months' salary slips
- Form 16 (where applicable)
For Self-Employed Applicants:
- Relevant business financial documents (Profit & Loss statement, balance sheet)
- Bank account statement of the last one year
Additional documents may be required for credit assessment and processing of the loan request.
Why Choose Aasaan Loans?
- Online Process: The entire loan application process is online, ensuring simplicity and convenience.
- Various Repayment Methods: Choose the repayment method that best suits your needs and manage your money effectively.
- Data Security: We ensure your information is absolutely safe and never shared with third parties without your permission.
- No Hidden Charges: Enjoy transparent transactions with no hidden charges.
- Timely Reminders: We will remind you in advance to ensure you never miss a repayment.
How to Apply
- Download the Aasaan Loans App: Available on the app store.
- Register an Account: Sign up using your phone number.
- Complete the Application: Fill out basic information and submit your loan application.
- Receive Your Loan: Once approved, the loan amount is transferred directly to your bank account.
Aasaan Loans provides you with a straightforward and reliable loan process. We're here to help you achieve your goals. Apply today and experience the ease and efficiency of Aasaan Loans, your ultimate loan solution in India.
Expert Counsel
Loan apps may seem like a quick solution for cash, but they often come with serious risks. Here are 10 important tips to keep in mind when dealing with online loan apps:
1. Only Download Loan Apps from Official Sources
Never download loan apps from sources outside the Google Play Store. Downloading from unofficial sites increases the risk of cyberbullying, as these apps may misuse your personal information, including contacting people in your address book without consent.
2. Be Prepared for Harassment if You're Late on Payments
Even if you’re just a day late, you can expect to receive a barrage of aggressive and unpleasant messages, particularly on WhatsApp. If the harassment escalates, don't hesitate to block the sender to protect your peace of mind.
3. Extremely Short Repayment Periods
Most loan apps offer repayment periods between 6 and 14 days, making it difficult for borrowers to meet their payment deadlines. This short repayment window often traps people in a cycle of debt
4. High Overdue Interest Rates
If you miss a payment, expect daily overdue interest rates between 5% and 7%. These high rates make it incredibly easy to spiral further into debt.
5. Reputation Damage is Their Leverage
Once a loan app has publicly shamed or tarnished your reputation by sending messages to your contacts, their goal has often been achieved. At this point, some borrowers choose not to repay the loan since the damage is already done. You can also generate a disclaimer to counter any false claims made by the app.
6. Don’t Borrow from Other Loan Apps to Repay Your Debts
Taking out new loans from other apps to settle existing debts will only worsen your financial situation. This strategy leads to a deeper cycle of borrowing and repaying.
7. Use Truecaller to Block Harassing Calls
Truecaller is an effective tool for screening and blocking calls from loan apps. This will help you avoid unnecessary stress and harassment from lenders.
8. Break the Cycle by Stopping Borrowing Altogether
The best way to escape the clutches of loan sharks is to stop borrowing entirely. It may be difficult, but cutting off access to these predatory loans is key to regaining control of your finances.
9. Block and Report Harassers
If you receive harassing messages on WhatsApp, block the sender and report them directly to WhatsApp and the Google Play Store. This helps prevent others from becoming victims of the same predatory practices.
10. Avoid Loan Apps Altogether
Loan apps are often designed to trap you in a cycle of debt, ruin your finances, and exploit your personal information. The safest option is to steer clear of them entirely and seek more secure financial alternatives.
By following these tips, you can protect yourself from the damaging effects of predatory loan apps and safeguard your financial well-being.
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