Smart Finance 1.0.2

Smart Finance operates as a partner of WINSOME FINANCE PVT LTD, a non-banking financial company (NBFC) that is registered and regulated by the Reserve Bank of India (RBI).

Founded to address the financial needs and challenges of users, Smart Finance ensures that all services provided in partnership with the NBFC are compliant with regulatory standards and secure.

Eligibility Criteria

• Indian residents
• Aged between 20-55 years with a stable income
• Must possess an Aadhaar card, PAN card, and an active bank account

Loan Features

• Loan Amount: ₹3,000 - ₹85,000
• Flexible Term: Ranging from 120 days to 365 days
• Maximum Annual Percentage Rate (APR): 24%
• Processing Fee: 1% of the loan amount

Example Loan Calculation

For a loan amount of ₹30,000 with a term of 121 days and a daily interest rate of 0.05%, the following fees would apply:

• Processing Fee: ₹300 (₹30,000 * 1%)
• Processing Fee GST: ₹54 (₹300 * 18%)
• Interest: ₹1,815 (₹30,000 * 0.05% * 121)
• Total Repayment Amount: ₹32,169 (₹30,000 + ₹300 + ₹54 + ₹1,815)

Steps to Utilize Smart Finance

1. Download and install the Smart Finance application.
2. Register an account.
3. Submit your loan application.
4. Await review of your application.

Advantages of Using Smart Finance

• Completely paperless online process.
• Transparent fee structure.
• Total security for personal information.

Contact Information

If you have any inquiries, please feel free to reach out at any time via email at [email protected].