Make multiple withdrawals from pre-approved loan limit & repay anytime!

A Flexible Personal loan is an easy & quick loan to meet your financial needs, whether its planned or unplanned. These flexible personal loans can help several purposes instead of taking Home Renovation loan, Small Business Loan, Education Loan, Travel Loan, Shopping Loan, Marriage Loan, separately.

This loan gives you access to a pre-approved loan limit which can be withdrawn at multiple times. You can apply using a single application for an amount you want & repay at convenience. Also, you pay interest only on the utilized part of your pre-approved loan limit, not on the entire amount.

Flexible personal Loans by Home Credit are available to salaried, self-employed, professionals and businessmen using the SuperCupo App.

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Why choose Flexible Personal Loan?

A flexible personal loan takes care of your future needs, that emerge with time. It provides you with the flexibility to use the loan amount as and when required. It is easy, quick & convenient for your unplanned needs through a single application only by sparing physical visits to the bank. So now you don’t have to compromise on the needs and dreams of your loved ones.

If you’re on a lookout for just one loan for all upcoming occasions, a Flexible Personal Loan will suffice!

Benefits of SuperCupo App:

1.Pre-approved credit limit- Enjoy pre-approved loan limit based on your eligibility
2.Quick & convenient- 100% paperless process requiring 2 documents only
3.One application for multiple withdrawals- Apply once and use whenever you want
4.Flexible repayments- Repay whenever you have additional funds without any extra charges
5.Save on Interest- Pay interest only on the utilized pre-approved loan limit

Features of SuperCupo App

1. A flexible loan works like an overdraft facility offered by financial institutions. If you’re interested to borrow, withdraw an amount from your pre-approved credit limit.
2. The interest rate on your flexible loan will be applied Only on the loan amount you utilize and not the entire credit limit.
3. You can easily pay up the outstanding loan amount as and when you have surplus cash.

Eligibility Criteria

You’re eligible for a Flexible Personal Loan, if:
1.You are an Indian Citizen between 18 and 69 years of age
2.You have a valid Identity proof and Address proof
3.You have an active bank account
4.You are either salaried or self-employed, with an active source of income

Steps to Apply for a Flexible Personal Loan

1. Download Mobile App - Download SuperCupo app and check your eligibility
2. Apply & Get Instant Approval - Get instant online approvals on Flexible Personal Loan
3. Receive Instant Limit upto 2 lakhs - Get the loan amount disbursed as per your request

Flexible Personal Loan Details:

• Loan Amount (Min & Max): ₹10,000 - ₹2,00,000
• Minimum Annual Percentage Rate (APR): 24%, Maximum APR: 49%
• Minimum & Maximum Repayment Period: Flexible as per customer, however customer should pay the prescribed amount by the due date if bill generated
• Joining fee: 3% of allotted credit limit (one-time)
• Annual renewal fee: 2% of allotted credit limit
• Transaction fee: 2.5% on each withdrawal amount

Representative Example:

For flexi limit of Rs 50000/- and a withdrawal amount of Rs 10000/- for 1 month, a user would pay:
• Joining fees: Rs 1500/-
• Transaction Fee: Rs 250/- (2.5% of withdrawal amount Rs 10000/-)
• Interest: Rs 307.5/- (interest calculated on withdrawal amount and transaction fee)
• Total outstanding principal: Rs 11750/-
• Total loan outstanding: Rs 12057.5/-
• Total Amount to be paid at the due date: Rs 660/- (3% of outstanding principal+ interest charged)

Key Points:

• The annual renewal fee will be charged after completion of 12 billing cycle
• The joining fee is interest free for the first month
• The customer can repay whenever there are additional funds available and save on the interest
• A customer has the flexibility to withdraw an amount or make multiple withdrawals whenever required or in case of emergencies