PERSONAL LOAN - RENT FINANCING
Introducing Personal Loan - Rent Financing, an unsecured/Personal Loan exclusively for payment of rent:
HOW IT WORKS!
Loan Journey
- Tenant (Borrower) applies for the loan.
- CirclePe pays rent directly to the Landlord as per the details provided by the Borrower and verified by Circlepe.
- Disbursement shall be made after Leave & License Agreement only.
- Tenant repays CirclePe in easy monthly EMIs.
Additional Financing for Maintenance & Other Charges
- Finance maintenance charges, security deposits, or other fees up to ₹15,000/-.
- Maximum tenure shall be 6 months.
- A separate loan account will be created for this amount.
- Repayment is made in a single lump sum at the end of the loan tenure along with the accumulated interest.
Eligibility & Approval
- CirclePe evaluates eligibility based on KYC, creditworthiness & income stability.
- CirclePe may use various technology tools for analyzing and verifying the information/documents.
- Loan approval is based on internal risk assessment rules.
Role of LSP - CIRCLEPE
- LSP acts only as a facilitator for loan sourcing & technology support.
- The lending decision is solely at CirclePe’s discretion.
OTHER DETAILS
| Loan Amount | ₹30,000 - ₹5,00,000 |
|---|---|
| Loan Tenure | Up to 11 Months |
| Eligibility Criteria |
Note: The aforesaid parameters are indicative only and FFPL may assess other factors. |
| Interest Rates |
|
| Documents Required |
Note: The aforesaid list is indicative only. The Company may seek further documents. |
| Disbursement | Disbursement of Loan shall be made to the Beneficiary’s verified Bank Account |
| Charges |
Note: FFPL is not charging any processing fee. Platform fees by CirclePe may apply separately. |