BharatPe and in partnership with RBI approved NBFCs offers you a solution for all your investment

BharatPe and in partnership with RBI approved NBFCs offers you a solution for all your investment

વોટ્સએપ ગ્રુપમાં જોડાવા ➙ ક્લિક કરો

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12% Club, powered by BharatPe and in partnership with RBI approved NBFCs offers you a solution for all your investment and borrowing needs



Invest @12%

  • - Invest money anytime and start earning interest daily
  • - Start investing from as low as Rs. 1,000
  • - Get upto 12% interest per annum (Interest is accrued daily)
  • - Request withdrawal anytime, no withdrawal charges
  • - In partnership with RBI approved NBFC (LendenClub: Innofin Solutions Private Limited and Liquiloans: NDX P2P Private Limited )

Borrow @12%

  • - Borrow money anytime @12% interest
  • - Repay anytime, no prepayment charges
  • - Zero processing fees
  • - Partnered with RBI approved NBFC (Mufin Finance: Hindon Mercantile Limited)

How to become a 12% Club Member?

  • - Download the 12% Club App
  • - Signup using your Mobile number and OTP
  • - Create your 12% Club account by linking your Bank account, PAN and completing KYC
  • - Accept T&Cs
  • - Start investing or borrowing @12%

Loan Details

Loan amount: From Rs.10,000 to Rs.100,000
Tenure: 3 months (fixed)
Repayment: 1 single payment at end of 3 months

APR and other charges

Interest rates (APR): fixed 12% per annum
Processing fees : 0
Penalty is charged when someone delays their scheduled payment. In addition, GST will be applicable as per Indian laws.





Example

Loan Amount: Rs. 100,000
Tenure: 3 months
Interest Rate (APR): 12% per year (Flat rate). This translates to 3% in 3 months
Repayment Amount: Rs. 103,000
Total Interest Payable: Rs. 100,000 x 12%/12*3 (3 months) = Rs. 3,000
Processing Fees (incl. GST): Rs. 0
Disbursed Amount: Rs. 100,000 (Loan Amount) - Rs. 0 (Processing Fees) = Rs. 100,000
Total Amount Payable : Rs. 103,000 (1 single payment at the end of 3 months)
Total Cost of the Loan = Interest Amount + Processing Fees = Rs. 3,000 + Rs. 0 = Rs. 3,000

12% Club is a new age digital platform which provides you easy access to Instant Personal Loans of up to Rs.100,000 in a seamless and transparent manner.

Personal Loan Features

Up to Rs.100,000 limit
Instant money transfer to bank account
100% paperless process
Minimal documentation. No printouts required
Bullet repayment at end of 3 month tenure
Instant eligibility check
No collateral
No prepayment charges

Eligibility

1. Indian citizen
2. Age above 21 years
3. Select cities

Operational Cities - 117

Andhra Pradesh: Rangareddy, Kurnool, Guntur, Vishakhapatnam, Vijaywada
Assam: Guwahati, Kamrup
Bihar: Patna
Chandigarh
Chattisgarh: Raipur, Durg
Delhi
Gujarat: Ahmedabad, Rajkot, Gandhinagar, Vadodara
Harayana: Faridabad, Gurgaon, Rohtak, Sonepat, Karnal, Panipat, Ambala
Karnataka: Bengaluru, Mysore, Tumkur, Mangalore, Bellary, Belgaum, Kolar, Hassan, Mandya, Dharwar, Chitradurga
Kerala: Kozhikode, Thrissur, Trivandrum, Ernakulam, Kollam
Madhya Pradesh: Indore, Ujjain, Bhopal, Jabalpur, Gwalior
Maharashtra: Mumbai, Thane, Pune, Solapur, Ahmednagar, Satara, Kolhapur, Jalgaon, Aurangabad, Nashik, Nagpur, Amravati
Orissa: Puri, Bhubaneswar, Khorda, Cuttack


Punjab: Amritsar, Jalandhar, Mohali, Ludhiana, Patiala, Bhatinda
Rajasthan: Alwar, Jaipur, Ajmer, Pali, Bhilwara, Chittorgarh, Udaipur, Bharatpur, Bundi, Kota, Churu, Sikar, Bikaner, Jhunjhunu, Ganganagar, Nagaur, Jodhpur, Jaisalmer, Barmer

Tamil Nadu: Chennai, Madurai, Salem, Coimbatore, Tiruchipali, Vellore, Cuddalore, Tiruvallur, Tiruchirapalli

Telangana: K.V.Rangareddy, Karimnagar, Warangal, Hyderabad, Nalgonda, Mahbubnagar
Uttar Pradesh: Ghaziabad, Noida, Gautam Buddha Nagar, Kanpur, Allahabad, Varanasi, Agra, Lucknow, Jhansi, Gorakhpur, Bareily
Uttarakhand: Dehradun
West Bengal: Kolkata, Hoogly, Howrah, 24 Parganas

Permissions:

We take the following permissions from you to be able to assess your creditworthiness and for risk assessment purposes: Location and Contacts.

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