Bueno Gig Growth Technologies Pvt Ltd (“Bueno Finance”) is a financial services platform which aims to help improve the financial health of our customers. Bueno Finance acts as a bridge between customers and big Banks/NBFCs and aims towards access of formal credit for the next billion population of India. Through the application, a customer can apply for an instant personal loan which also helps the customer to build credit history and get higher ticket loans at lower rates. You can avail this loan in your bank account directly from the NBFCs registered by RBI. The NBFCs which are currently available on our platform are NDX P2P Private Limited (Liquiloans) and Akara Capital Advisors Private Limited (StashFin).
In the personal loan product, the customer journey starts with instant cash personal loan, where the customer gets access to upto Rs 10,000 at 0%-2% interest rate and no other hidden charges. We charge a small processing fee of Rs 200/-, inclusive of GST.
The loan is a personal loan , which the customer can avail and apply for the digital loan. Bueno Finance is a chota loan app and instant credit app, which can be used as a student loan, personal loan, digital loan and travel loan.
A representative example of the total cost of the Bueno Finance Loan, including all applicable fees:
* Finance Amount : Upto Rs 10,000
* Repayment Tenure : Minimum 3 months to maximum 3 months
* Rate of Interest / Annual Percentage Rate (APR) : Minimum 20% to Maximum 52%
* Processing Fees : Rs 200/- (inclusive of GST)
Minimum period of repayment: 3 months
Maximum period of repayment: 3 months
Maximum Annual Percentage Rate (APR): 52%
Sample Loan Example
Amount : Rs 10,000/-
Interest Rate: 2% monthly simple interest
Tenure: 3 months
EMI Frequency: Monthly
Processing fee: Rs 200/-
Disbursed Amount: Rs 9,800/-
Total Interest payable: Rs 600/- (maximum interest is 2% per month = Rs 200 * 3)
Monthly Payment: Rs 3533.33/-
Total payment in 3 months: Rs 10,600/-
Overall Cost: Rs 800/- (includes Rs 600/- as interest and Rs 200/- as processing fee)
APR: (800/10000)*(365/90) = 32.4%
Apply for a personal loan of up to Rs 10,000 from Bueno Finance and get instant approval with minimal documentation. Borrow your amount without pledging any collateral and get your loan disbursed within 48 hours.
*Interest rate and processing fees varies as per your product
Please note that personal loan can be misspelt as Parsons loan and loan can be misspelt as lon.
Please reach out to [email protected] for any questions.