Investor's Platform
Why Lend with Us?
In today’s financial environment where investments seldom generate expected returns and most of our savings placed with institutions like banks go into paying service charges to them, Asha Purti Loans offers a unique opportunity to lend money directly to pre-verified borrowers and earn extra income on idle money.
The Asha Purti Loans model provides better rates of interest than the traditional model because it removes the intermediaries and connects the lenders directly to the end-users – the borrowers.
Traditionally, banks and other financial institutions collect money (through savings accounts or deposits like fixed or recurring) at low-interest rates (say 6-10%) and lend it to borrowers at much higher rates (18-36%). This margin goes into paying for the high costs they incur like thousands of employees to pay salaries to and hundreds of swanky branches to maintain and so on. Asha Purti Loans brings borrowers and lenders directly in touch with each other, removes the intermediary cost, enables borrowers to access faster and cheaper credit, and enables lenders to make greater returns on funds lying idle in the bank deposits.
It is a simple win-win situation so go ahead SIGN UP and start lending because every % counts!
Asha Purti Call Money Platform
The entire balance of Profit and Loss today lies in the timely availability of funds to finance your borrower. As the term, APCMP (Asha Purti Call Money Platform) suggests this platform is developed for our close network of Franchise/Partners to call money in times of shortage. The platform uses a complete proprietary algorithm to disburse funds to the borrowers providing optimum profits to the lenders. The entire process happens within a highly secured and encrypted environment providing complete security to lenders' and borrowers' funds and data.
This platform will work directly with the bank software and distribute funds without any human interference. This platform will be used by the investors and other partners of our company too. Complete transparency will be maintained, and all lenders can see the details of the end borrower along with every payment made by the borrower.
At Golden Legand (Asha Purti), we have created this Platform as APCMP a complete digital lending and borrowing platform for our Partners and Franchises. We believe in sharing profits and gains with our partners (Franchisees) as we firmly work on the idea that all outstanding achievements can be achieved by teamwork. With this idea in mind, we developed the concept of APCMP and then converted the concept into a digital platform. In this platform, our Franchisees and Partners can pledge funds, and in the event of any funding requirements, our franchisees, and partners will be able to use this fund.
How Are We Different?
This is for the first time a concept so unique as APCMP is being introduced and tried. This platform is digital, but it is based on two very human qualities as its principal backbone, complete honesty, and absolute neutral judgments while making decisions. Many may term our platform as another P2P but there is one fundamental difference between us and others, we take complete responsibility for our investor's and partners' investments in our platform. Borrowers will be duly checked, and due diligence will be done but in the event of a bad loan or an NPA we will reimburse the entire capital or whatever remains to be paid of it. Interest paid till then will not be calculated in the capital.
The entire process of lending and borrowing through this platform is automated and our custom software allows it to function seamlessly providing the best possible solution. This platform will relate to our Loan Originating System and Loan Management System software updating the amounts available on the Dashboard of all the Franchises and partners. This platform will distribute the interest of the borrowers and lenders automatically.
how does this work?
Register at Asha Purti Loans for Free
You need to register at Asha Purti Loans as a Franchise or Investor to participate in any
transaction. Registration is free for all users. To register, please fill in your personal details and create a login id. As part of the registration process, your email id and mobile number will be verified. Post successful registration, you will be assigned a Relationship Manager and you will have access to more functionality. To start financial transactions, you need to either create a borrower or an investor account as per your requirement. If you are a franchise of our company, you automatically get an investor or lender account set up for you. It is completely your choice to take part as a lender or not.
Create an Individual Investor Account
To begin lending, investors who are not a franchise of our company one should first create an ‘Investor Account’ by filling in a simple online form, along with submitting a scan of self-attested copies of requisite documents. Investors need to make a first-time investment of Rs 50000 + GST for registration. After the successful creation of the investor's account, your virtual "Wallet" at Asha Purti Loans will be activated along with your brief profile.
Investor's Wallet
After the successful creation of investors’ accounts, your Wallet will be activated along with your brief profile and investment preference.
Invest in a Loan
An investor can choose to lend to single or multiple borrowers in different loan segments. Before making the commitment, key information of a borrower including his / her Asha Purti Loans report (covering detailed risk analysis) will be available. Once a commitment has been made, the investor will have access to further documents and loan profiles as uploaded by the borrower and verified reports by Asha Purti Loans. Any time before deal closure, the investor and the borrower can interact and clear their doubts through the Asha Purti Loans messaging system.
Loan Gets Funded
To mitigate investment risks, a loan is funded by multiple investors. All the investors for a particular loan will enjoy the same interest rate to avoid any speculation and should lead to the fair discovery of a market-based assessment of the borrower's risk profile. The Artificial Intelligence system of APCMP analyses the lender's and the borrowers’ profiles to match the least risky options to find the best possible solution to the borrower’s query.
Physical Verification and Signing of Legal Contract
Before an unsecured loan is closed by APCMP, Asha Purti Loans will conduct physical verification of the borrower along with matching the uploaded documents with hard copy / ID proof. In case of any discrepancy, the transaction will be cancelled along with a severe penalty on the borrower which includes barring him/her from carrying out any new transaction at Asha Purti Loans. Investors will also be duly informed of the outcome of verification.
Investor - Transfer of Finances
Once the loan has been closed, requisite documents have been collected, the verification process has been successfully completed and the Loan Agreement has been signed, investors are obligated to transfer the money to the Nodal Escrow Account (Non-interest bearing) for disbursal. Money from the Nodal account is transferred to the borrower’s bank account on next working day.
Receive Monthly Payments - Keep or Reinvest
An investor can utilize the repayment amount as per his/her wish. He/she has an option to reinvest or keep the money with him. The investors will also receive an income statement for tax computation purposes.
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What is a Personal Loan?A personal loan is an unsecured loan for up to 60 months. You do not need collateral to avail of funds. Salaried and self-employed individuals can apply for these loans online. You can utilize the funds for any monetary need.
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How to get an instant personal loan?Enter your mobile number correctly and then enter the OTP that is sent to your number on the online form. Provide us a few details as prompted in the loan application form. Upload the required documents such as income proof, PAN Card, etc. Click on “Submit”. You will be instantly informed whether or not you are eligible. Once your loan request is approved, your application will go through several other stages of checks. Our representative will get in touch with you through these stages in case any additional information is needed. Post loan approval, you can get the funds credited to your bank account within 30 minutes*
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How to get an instant personal loan?Enter your mobile number correctly and then enter the OTP that is sent to your number on the online form. Provide us a few details as prompted in the loan application form. Upload the required documents such as income proof, PAN Card, etc. Click on “Submit”. You will be instantly informed whether or not you are eligible. Once your loan request is approved, your application will go through several other stages of checks. Our representative will get in touch with you through these stages in case any additional information is needed. Post loan approval, you can get the funds credited to your bank account within 30 minutes*
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What is salaried personal loan?A salaried personal loan is a specially designed instant personal loan online which can be availed by salaried customers. Thus, if you are currently employed with a public or private organisation, and have a minimum salary of INR 20,000 (or INR 25,000 if you are from Delhi or Mumbai), and have worked for more than 1 year at your current organisation, you are eligible for a salaried personal loan. For more details, please visit our Personal Loan Eligibility page.
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What are the benefits of talking a Gold Loan from Asha Purti?• Customer oriented Services • Quick loan disbursal • Avail minimum loan amount of ₹1500 and no maximum limit • Pre-payment option-without any penalty • Minimal documentation • In-house gold evaluation • Prompt customer service within a shorter response time • Strong rooms for safe custody of gold ornaments
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How to get an instant personal loan?Enter your mobile number correctly and then enter the OTP that is sent to your number on the online form. Provide us a few details as prompted in the loan application form. Upload the required documents such as income proof, PAN Card, etc. Click on “Submit”. You will be instantly informed whether or not you are eligible. Once your loan request is approved, your application will go through several other stages of checks. Our representative will get in touch with you through these stages in case any additional information is needed. Post loan approval, you can get the funds credited to your bank account within 30 minutes*
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Will the documents be submitted online or offline?You can choose to submit the required documents online by uploading soft copies or walk into the branch and submit the hard copies. For customers of Asha Purti Loans who have applied for a personal loan online, you can now also send your documents via WhatsApp.
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How much personal loan can I borrow?How much you can borrow in the form of a personal loan is determined by various factors that include age, residence, ongoing loans etc. You use our free personal loan eligibility calculator to obtain an estimate of the loan amount you can borrow.
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How can I check the status of my Personal loan application?To check the status of your application, visit the official website of your loan provider, select the ‘Contact Us’ option on the homepage, select the option to track your loan application. This option will lead you to the page where you can check the status of your loan application. Enter the details asked for and obtain the required information.
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Can I foreclose or prepay my loan?Yes, you can repay your loan at any time during the loan tenure.
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How can I check the status of my Personal loan application?To check the status of your application, visit the official website of your loan provider, select the ‘Contact Us’ option on the homepage, select the option to track your loan application. This option will lead you to the page where you can check the status of your loan application. Enter the details asked for and obtain the required information.
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How much CIBIL score is required?A CIBIL score of 600 and above is considered to be healthy and can help in your loan being approved without hassle* *Conditions Apply
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How much would I need to repay each month?At the time of booking of your loan, the EMI (Equated Monthly Installments) will be calculated based on the loan amount sanctioned, interest rate and the tenure. To know more, access our free online personal loan EMI calculator today.
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What are the various charges that I can expect to pay when I borrow a personal loan?A personal loan will have the following charges associated: 1. Interest - this amount is the interest you will pay over and above the principal amount that you have borrowed 2. Processing fees 3. Insurance (in some cases only - please contact us today and speak with a customer service representative to know more) 4. Foreclosure charges (this will be applicable in case you choose to repay the loan amount before the loan tenure) 5. Late fees - this is applicable in case of any late / missed EMI payments. To know more, please visit our "Personal Loan Interest Rates" page and view the table "Fees and Charges".
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Why should you choose Asha Purti's?At Asha Purti', we value the dreams of each and every customer. We understand your needs, and strive towards providing you with the best possible solution that is tailored to your unique situation. Choose Asha Purti to get the following benefits: Instant online approval Competitive interest rates starting at 11.99%* Flexible repayment tenure between 12 - 60 months Hassle-free process Minimal documentation
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How do I Use Asha Purti's Personal Loan EMI Calculator?Asha Purti's personal loan calculator is an easy tool that can help you accurately calculate the EMI amount. Enter the loan amount that you wish to borrow Enter the interest rate between 11.99% – 36% Select repayment tenure. The instant result on the right side of the calculator will tell you the monthly EMI.
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How to calculate Personal Loan Eligibility?Below is the eligibility criteria You should be a residing citizen of India. You should be between 21 – 60 years of age You should have valid documentation as per stated requirements To know more, please see our detailed personal loan eligibility criteria. You can also use our free-of-cost eligibility calculator to know the loan amount you can borrow.
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How can I get a Personal Loan Approval?Personal Loan approval depends on how well you fit within certain pre-defined criteria. This includes details like a valid PAN card, CIBIL score, location, monthly income (for salaried customers) or yearly profit after tax (for self-employed customers) and existing monthly obligations (including existing credit card EMIs). For more details, please visit our eligibility page.
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How can I get a Personal Loan Approval?Personal Loan approval depends on how well you fit within certain pre-defined criteria. This includes details like a valid PAN card, CIBIL score, location, monthly income (for salaried customers) or yearly profit after tax (for self-employed customers) and existing monthly obligations (including existing credit card EMIs). For more details, please visit our eligibility page.
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How much Personal Loan can I get on my salary?Personal loan amount depends on many factors, such as your monthly income, your existing monthly obligations (including credit card debt), and the company's policy at the time of loan application. To know the personal loan amount you are eligible for, please feel free to use our personal loan eligibility calculator. It's free, and easy to use.
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Can I get a personal loan if I'm Self Employed?Asha Purti offers unsecured self employed personal loans up to INR 30 lakhs. However, the amount may vary depending on your individual profile and the company's policy at the time of loan application. To know more, apply now or contact us today
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How can I apply for a Personal Loan Online?You can apply for loan online with Asha Purti by clicking the "Apply Now" button on the top right corner.
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Can I get a personal loan without proof of income?To get a personal loan, proof of income documents such as audited financial statements, income tax returns, form 16, etc are necessary, as well as your bank statements. However, to get a personal loan without proof of income, you can choose to apply with a family member who has income proof. However, please note that in such cases, the loan will be in the name of the person who has income proofs, and the same person will be help responsible for making the repayment.
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How is personal loan eligibility calculated based on salary?Personal loan eligibility is calculated basically to estimate whether or not you will be able to repay the loan's EMIs. For this purpose, your monthly income (after deduction of all taxes) is considered, along with your existing monthly obligations (including credit card debt). The calculation also takes into account the personal loan rate of interest applicable to you, as well as the loan tenure. Click here to try the free online Asha Purti's personal loan eligibility calculator now!
