Hope Fund-Lend - Digital Loan Platform
Hope Fund-Lend operates as a digital platform facilitating loan services provided by RBI-licensed NBFC partners. All financial transactions and credit decisions are exclusively managed by the NBFC in compliance with RBI guidelines.
Loan Features & Compliance:
1. Loan Amount: ₹5,000 - ₹80,000
2. Tenure: 3-12 months
3. Standard Interest Rate: 0.03%-0.05% daily (APR 10.95%-18.25%)
*Actual terms determined post credit evaluation. Maximum APR capped at 18.25% as per RBI guidelines.
Example Calculation (Illustrative):
Principal: ₹50,000 | Tenure: 4 months (120 days)
Interest: ₹3,000 = 120 × 0.05% × ₹50,000
Total Repayable: ₹53,000
Eligibility & Documentation:
- Indian resident aged 18+ years
- PAN Card
- Aadhaar Card
- Basic creditworthiness check
Data Security Assurance:
- Aadhaar/PAN verification through NPCI-approved channels
- Data encrypted as per RBI's Digital Lending Guidelines
- Privacy Policy: https://www.cashforgoldpvt.com/pact.html
How It Works:
1. Download & register with KYC documents
2. Submit loan request through platform
3. Receive preliminary eligibility indication*
4. Complete NBFC's verification process
5. Final approval & disbursement to registered bank account