Loan Planet for Android

The description of Loan Planet - Play With New Friends

Intermediary platform for personal loansLoan Planet is a free finance application for mobile devices being offered by Decillion Finance Limited. It is an online platform that helps facilitate loans between individual loaners and Nonbanking Financial Institutions (NBFC). It links to partners that offer such services for users in India to avail of.Loan Planetfinancefacilitate loansloanersNonbanking Financial Institutions India Compared to other services like India Union Credit Cash Loan or PLANET by L&T Finance, Loan Planet doesn't directly deal with and lend cash to its clients. Instead, it refers them to one of its many trusted partner companies, assuring the level of service is reliable and of high credibility.India Union Credit Cash LoanPLANET by L&T Financetrusted partner companieshigh credibilityThe middlemanWhen it comes to applying for a loan, one of the most important factors to consider aside from payment terms and interest rates is credibility. Talking to a legitimate and trustworthy institution gives you peace of mind and everything is on the up and up, so to speak. If you live in India, Loan Planet is an online platform that can help you out.legitimate and trustworthypeace of mindThis finance app is not a direct loan provider, but instead, serves as a middleman to link to a trustworthy institution that you can transact with. That company is one of its partners, ICM Finance Private Limited. It lets you borrow anywhere from 5,000 rupees to 5 lakh. As for interest rates, they go for 0.05 percent per day, with a maximum of 18.25 percent per annum.ICM Finance Private Limitedfrom 5,000 rupees to 5 lakh. 0.05 percent per day18.25 percent per annumAs for payment terms, you can choose anytime between 90 to 120 days depending on your financial capacity. You can even opt to convert your short-term loan to an Equated Monthly Installment (EMI) loan. Now, given that it technically serves as a middleman, there are some long-term concerns over the future between the two partner companies, especially if you plan to borrow a large sum from them. Equated Monthly Installment (EMI) loanlong-term concernsPointing the wayIn summary, the whole premise behind Loan Planet and how it operates is a bit of an oddity. However, the services its partner company, ICM Finance, offers are real and legitimate. It offers generous amount allowance and flexible payment terms. There is the matter of the future of their partnership to consider, though. Nevertheless, this platform is still worth considering.generous amount allowanceflexible payment terms