| Interest Rate | 35% |
| Duration | Fron 14 Days |
| Access Level | Public |
| Company Name | Minder technology private limited |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | #42/2, 2nd Cross, CKC Garden, Lalbagh Road, Off Mission Road, Near Super Bright Engineering Co., Bengaluru, Karnataka 560027 |
| Category | Dangerous Loan |
| Company Email | kumarshiva960207@gmail.com |
| Views | 169 |
Navigating through unexpected financial needs can be challenging, but Shuttle is here to provide you with a reliable and instant personal loan solution. Designed for young professionals across India, Shuttle offers a seamless and user-friendly platform to apply for personal loans online and have funds directly transferred to your bank account.
Key Features of Shuttle
Fast and Easy Loan Approval
Shuttle prides itself on a 100% online application process that is quick and straightforward. With minimal documentation required, you can get your loan approved in no time.
Flexible Loan Amounts
Borrowers can avail loans ranging from ₹5,000 to ₹100,000 based on their financial needs. This flexibility ensures that you can access the exact amount you need.
Competitive Interest Rates
Interest rates on Shuttle loans range from 0% to 29.95% per annum, making it an affordable option for many borrowers. The equivalent monthly interest rate is 0% to 2.49%.
Flexible Tenure
The loan tenure ranges from 91 days to 15 months, providing you with ample flexibility to choose a repayment schedule that fits your financial situation.
How Shuttle Works
Shuttle acts as a platform that facilitates loan transactions between borrowers and registered NBFCs/Banks. All loan applications are approved and sanctioned by NBFCs/Banks registered with RBI, ensuring transparency and reliability. One of the primary partner NBFCs is Chaitanya India Fin Credit Private Limited, a Systemically Important NBFC carrying the Shuttle brand.
Types of Loans Offered
Personal Loan for Salaried
Shuttle offers personal loans specifically for salaried individuals, where you can avail amounts from ₹5,000 to ₹100,000. The tenure ranges from 3 to 15 months, and the loan is transferred directly to your bank account. The required documents include your PAN Card, Address Proof, and a career questionnaire.
Example of a Personal Loan
Here’s a detailed example to help you understand how Shuttle loans work:
Loan Amount: ₹9,000 Tenure: 91 days Interest Rate: 17% per annum Processing Fee: ₹0 (0%) Total Interest: ₹381 Total Repayment: ₹9,381 Monthly Payment: ₹3,127 APR: 17%
Getting Started with Shuttle
- Install the Shuttle App: Download and install the app from the Google Play Store.
- Create Your Account: Sign up with your basic details.
- Check Eligibility: Fill in your basic information to check your first-level eligibility.
- Upload Documents: Upload your KYC documents, including ID, Address Proof, and PAN card.
- Avail Loan: Once approved, you can receive the loan as a bank transfer or E-voucher.
Eligibility Criteria
To apply for a loan through Shuttle, you need to meet the following criteria:
- Indian Resident: Must be a resident of India.
- Age: Must be above 18 years old.
- Income: Should have a stable monthly source of income.
Fees and Charges
Interest rates on Shuttle loans range from 0% to 29.95% per annum, with the equivalent monthly interest rate being 0% to 2.49%. The charges and repayment tenures vary based on your creditworthiness and repayment ability. Penalties are charged only when there is a delay in the scheduled payment.
Security and Confidentiality
Shuttle ensures that all your data and transactions are protected with the highest security standards. The platform uses advanced encryption to secure your personal and financial information, ensuring that your data is safe and never shared with any third parties without your consent.
Shuttle stands out as a dependable and efficient platform for securing personal loans. With its fast approval process, flexible loan amounts, competitive interest rates, and commitment to data security, Shuttle provides a seamless borrowing experience. Whether you need funds for an emergency, a special occasion, or any other personal expense, Shuttle is your go-to solution. Download the Shuttle app today and experience the convenience of instant borrowing at your fingertips. With Shuttle, managing your finances has never been easier or more secure.
Expert Counsel
While loan apps may provide a quick fix for financial issues, they often come with significant risks that can impact your financial health. Here are ten crucial tips to keep in mind when using these online loan applications:
1. Expect Aggressive Messaging for Late Payments
Even a single day's delay in repayment can trigger a barrage of harassing messages, especially on platforms like WhatsApp. If this happens, block the sender to maintain your peace of mind and avoid unnecessary stress.
2. Avoid Borrowing from Multiple Loan Apps
Resorting to other loan apps to repay existing debts can trap you in a never-ending cycle of borrowing. This practice often worsens your financial situation rather than improving it, leading to deeper debt.
3. Be Aware of High Penalty Interest Rates
Missed payments can result in daily interest rates ranging from 5% to 7%. These penalty rates can quickly balloon your debt, making repayment even more challenging. Always strive to meet your payment deadlines to avoid these additional costs.
4. Download Apps Only from Official Sources
Ensure you're downloading loan apps from trusted platforms like the Google Play Store. Downloading from unofficial sites puts your personal information at risk and exposes you to potential fraud or harassment.
5. Consider Skipping Loan Apps Altogether
Many loan apps are designed to trap users in cycles of debt, often compromising their privacy and financial health. It's often safer to explore alternative, more secure financial options, such as credit unions or traditional bank loans.
6. Watch for Short Repayment Periods
Some loan apps offer repayment periods as short as 6 to 14 days. These short terms can make it difficult to repay the loan on time, increasing the risk of falling into a debt trap. Ensure you’re comfortable with the repayment schedule before borrowing.
7. Protect Your Personal Reputation
Loan apps may contact your friends or family to publicly shame you if you fall behind on payments. This tactic can be distressing and damaging to your reputation. Avoid these apps altogether to protect your personal relationships and peace of mind.
8. Stop Borrowing to Break Free
The best way to escape the clutches of loan sharks is to stop borrowing. Although it may be difficult, taking this step is necessary to regain control of your financial life and prevent further debt.
9. Use Call Management Tools Like Truecaller
Truecaller is a helpful tool for blocking unwanted calls from loan apps, helping you manage stress and reduce harassment from lenders. This can provide relief from persistent and intrusive calls.
10. Report and Block Harassing Messages
If you receive threatening messages, especially on platforms like WhatsApp, take immediate action by blocking the sender and reporting them to WhatsApp and the Google Play Store. This helps protect others from similar harassment and can lead to the removal of predatory apps from the platform.
By following these guidelines, you can protect yourself from the risks associated with predatory loan apps and safeguard your financial well-being. Staying informed and cautious will help you make better financial decisions for your future. Remember, your financial health is paramount, and taking proactive steps to protect it is essential for long-term stability. Stay vigilant and prioritize secure financial practices to ensure a healthier financial future.
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