Dream Loan

Dream Loan is a user-friendly mobile digital lending platform designed to provide quick and accessible loans to Indian users. With its straightforward application process, you can easily borrow money without any hesitation. Once your application is approved, the loan amount will be directly deposited into your bank account, making it a convenient solution for your financial needs.

Key Features of Dream Loan

1. Flexible Loan Amounts and Terms

• Loan Range: Borrow from ₹3,000 to ₹200,000 to meet various financial requirements.
• Repayment Period: Choose a repayment period ranging from 91 days to 365 days, offering flexibility based on your financial situation.

2. Competitive Interest Rates and Fees

• Annual Interest Rate: The interest rate ranges between 18% and 24%, ensuring affordable borrowing options.
• Low Interest Rate: The maximum annual percentage rate (APR) is capped at 24%.
• No Additional Fees: Enjoy zero transaction fees and zero service fees, making the loans more cost-effective.

Example Loan Calculation

To provide a clear understanding of how the loan works, here’s an example:

• Loan Amount: ₹200,000
• Annual Interest Rate: 20%
• Loan Term: 91 days

Interest Calculation:

• Daily Interest Rate: 20% / 365 = 0.055%
• 91 Days Interest: ₹200,000 x 0.055% x 91 = ₹9,972.60

Total Loan Cost:

• Principal + Interest: ₹200,000 + ₹9,972.60 = ₹209,972.60

Eligibility Requirements

To qualify for a loan from Dream Loan, applicants must meet the following criteria:

• Residency: Must be a resident of India.
• Age: At least 18 years old.
• Income: Must have a regular source of monthly income.
• Identification: Must provide a valid ID.
• Bank Account: Must have a valid bank account for loan disbursement and repayments.

How to Apply for a Dream Loan

Step-by-Step Guide

1. Download and Install the Dream Loan App: Available on the Google Play Store for easy access.
2. Register Your Account: Provide personal details including your name, phone number, and email.
3. Submit Required Documents: Upload valid identification and income proof.
4. Select Loan Amount and Term: Choose the loan amount and repayment period that fits your needs.
5. Application Review: The application will be reviewed promptly, and approval is typically granted quickly.
6. Receive Funds: Once approved, the loan amount will be disbursed to your bank account immediately.

Advantages of Using Dream Loan

1. Quick and Easy Access to Funds

• Immediate Access: Get the cash you need quickly, without lengthy approval processes.
• Convenient Repayment: Repay the loan within the chosen period without any hassle.

2. Cost-Effective Borrowing

• Low Interest Rates: Enjoy competitive interest rates that make borrowing affordable.
• No Additional Fees: Avoid extra costs, making the loan more economical.

3. Secure and Reliable

• Data Security: Your personal information is handled securely, ensuring privacy and protection.
• Trustworthy Service: Dream Loan is committed to providing reliable and transparent loan services.

Dream Loan is a dependable and efficient financial solution for individuals in India seeking quick and accessible loans. With its flexible loan amounts, competitive interest rates, and user-friendly application process, Dream Loan ensures a hassle-free borrowing experience. Download the Dream Loan app today and take control of your financial needs with confidence and ease.