PawramLoan 2.0.1

PawramLoan is a digital lending platform designed to provide efficient financial services in India. Developed by PAWRAM TRADING PRIVATE LIMITED, a technology and service provider committed to promoting financial inclusion through innovative digital solutions, the application facilitates quick access to short-term personal loans. The lending is conducted through a registered NBFC partner, Udvai Traders Private Limited, ensuring adherence to all applicable financial regulations and RBI guidelines.

It is important to note that PAWRAM TRADING PRIVATE LIMITED functions solely as a technology service provider and does not directly engage in lending or collection activities. This partnership enables the integration of advanced technological solutions with licensed lending practices, offering users across India a reliable and accessible process for obtaining personal loans at any time and from any location.

Features of PawramLoan include:

• Rapid approval process via an online application with real-time credit assessment
• Secure fund disbursement directly into the user's bank account
• Flexible loan amounts ranging from ₹2,000 to ₹100,000
• A fully digital interface eliminating the need for paperwork

Eligibility criteria for applicants include:

• Indian citizenship
• A minimum age of eighteen years
• Provision of valid PAN and Aadhaar documentation
• An active bank account in India
• Stable monthly income

The summarized loan terms are as follows:

• Loan amounts between ₹2,000 and ₹100,000
• Loan tenures ranging from 90 to 120 days
• Daily interest rate set at 0.05%
• Processing fees estimated between 5% and 6% of the loan amount
• Documentation fees amounting to approximately 1% of the loan principal
• A fixed convenience fee (example: ₹200)
• Applicable GST at 18% on all fees and charges
• The effective Annual Percentage Rate (APR) varies from approximately 8.76% to 29.69%, depending on specific fees and loan terms

An illustrative calculation for a ₹30,000 loan over 90 days includes:

1. Interest: ₹30,000 × 0.05% × 90 days = ₹1,350
2. Processing fee: ₹1,500 (5%)
3. Documentation fee: ₹300 (1%)
4. Convenience fee: ₹200
5. Total fees before GST: ₹2,000
6. GST on fees (18%): ₹360
7. Total deductions: ₹2,360
8. Net disbursed amount: ₹27,640 after deductions
9. Total repayment amount at the end of tenure: ₹33,710 (including principal, interest, fees, and GST)

From a regulatory perspective, all loans facilitated via PawramLoan are issued directly by Udvai Traders Private Limited, an NBFC registered with the Reserve Bank of India. The platform emphasizes transparency, secure data handling, and regulatory compliance throughout the borrowing process.

PawramLoan aims to deliver a clear, compliant, and user-friendly lending experience supported by the partnership between PAWRAM and Udvai. Download the application to access financially responsible support instantly when needed.