EMI-free loans for Rent deposits
Yes, you heard it right! Now avail loan for Rent deposit and pay only the interest every month. No EMIs, no hassles.
You can avail this option even if you have already paid the deposit to your landlord.
EMI-Free Loan benefits
| EMI Loans | EMI-Free Loans | |
|---|---|---|
| Monthly Principal Repayment | YES | NO |
| Interest Payment | YES | YES |
| Interest rate per month | 1.5 – 2% | 1.5% (Flat) |
| Processing charges | 2 – 3% | 2% |
| Pre-closure charges | 3% | 0% |
| Documentation time | 10-15 days | 4 -7 days |
Calculate now
Rent amount payable {{ (+rent_amt) }}
Interest amount payable
(On loan given for Rent deposit){{ (+rent_dept) * 0.015 }}
Total payment every month{{ (+rent_amt) -- ((+rent_dept) * 0.015) }}
Deposit of Rs.{{ (+rent_dept) }} to be paid back to lender in full at the end of the Tenancy contract for {{ tot_mon }} months
Discounted processing charge of 1.5-2%*
No Pre-payment charges
Close the loan and pay back the deposit without any charge
No EMI burden
unlike a personal loan
Quick processing
Loan to be processed within 48 hours
Minimal documentation
We gather much of the information digitally
How does it work?
Signup with Paymatrix
Visit the section ‘EMI-free Loans’
Apply and get the loan status within 24 hours
Once approved, submit the required documents
Attend the verification call and Sign the agreement
Get the money in your bank account in 24 hours
Close the loan and pay back the deposit without any charge
