Loan Disclosure

Easy Care Finance is a brand operated by Easy Care Fintech Services Private Limited (CIN U65999MH2019PTC000000). We are a loan facilitation and lead-generation service provider.

We are not a bank, not an NBFC and not a lender. We do not sanction, lend or disburse money, and we do not decide your interest rate. Every loan referred through this website is sanctioned, documented and disbursed solely by an RBI-registered lending partner at its own discretion under its own credit policy.

The name of the lending partner handling your file, along with its registration details, is disclosed to you in the sanction letter and the loan agreement before you accept any loan. If you cannot identify the lender at that stage, do not accept the loan and contact us.

You pay us nothing. We do not charge applicants an application fee, advance fee, file charge, security deposit, advisory fee or commission — at any stage, in any form.

We are paid a referral or service fee by the lending partner after a loan is successfully disbursed. This does not increase the cost of your loan.

Any amount payable on your loan is charged by the lender and is deducted from your disbursement or collected with your EMI. All such amounts are itemised in your loan agreement before you accept it.

Interest rates vary depending on the selected loan tenure. The published plan is: 5% for a tenure of up to 3 months, 6% for 4 to 6 months, 8% for 7 to 12 months, and 12% for tenures of 13 months and above.

These are FLAT rates. The rate is applied to the full sanctioned loan amount for the entire tenure. They are not per-annum reducing-balance rates. For example, a loan of ₹1,00,000 for 3 months at a flat rate of 5% carries total interest of ₹5,000, making the total repayment ₹1,05,000.

Because interest is charged on the full sanctioned amount rather than on the reducing outstanding balance, the equivalent Annual Percentage Rate (APR) is substantially higher than the flat rate. On the illustration above the APR is approximately 29.8% per annum. The APR for every tenure band, and for every figure you see on this website, is displayed alongside the flat rate so that the true cost of borrowing is never understated.

The rate table applies to Personal Loans. Your rate is determined by tenure alone and is not subject to negotiation.

For a personal loan of ₹3,00,000 for 24 months at the applicable flat rate of 12%: total interest is ₹36,000, the total repayable amount is ₹3,36,000, and the monthly instalment is ₹14,000. With a processing fee of 2% (₹6,000) plus 18% GST (₹1,080), the net amount credited to your account is ₹2,92,920.

The equivalent APR on this example is approximately 11.1% per annum on the sanctioned amount, and approximately 13.5% per annum on the net amount actually credited to you.

This example is illustrative. Your own binding figures are stated in your sanction letter and loan agreement.

Processing fee of 1.5% to 2.5% of the sanctioned amount depending on the product, plus 18% GST, deducted from the disbursement.

Documentation and stamp duty charges of ₹500 to ₹2,000 depending on your state.

Penal charges on late payment of 2% to 3% per month on the overdue amount only, not on the entire outstanding principal.

Instalment bounce or mandate failure charges of ₹500 to ₹750 per instance plus GST.

Foreclosure or part-prepayment charges of nil to 2% of the amount prepaid, depending on the product and how many instalments have been paid.

Important: because interest on a flat-rate loan is computed upfront on the full sanctioned amount, closing your loan early does not automatically reduce the interest already levied. Any rebate on unexpired interest is at the lender's discretion and is stated in your loan agreement. Confirm the exact settlement figure with the lender before prepaying.

Submitting an application does not guarantee loan approval. Approval, the final sanctioned amount, the interest rate and the tenure are decided solely by the lending partner based on its own credit assessment and verification checks.

We do not promise approval, a specific amount, a specific rate or a specific timeline, and no representative of ours is authorised to do so on our behalf.

Missing a repayment attracts penal charges, is reported to all four credit bureaus, and reduces your credit score, which affects your ability to borrow in future.

Continued default allows the lender to recall the loan and pursue recovery in accordance with its board-approved recovery policy and applicable law. Recovery agents must identify themselves, may contact you only between 8 AM and 7 PM, and may not harass, threaten or shame you. Report any such conduct to us and to the lender immediately.