Loanpey – Instant loans for bills, rent, school fees, appliances & more. Easy application, fast approval, flexible repayment. Trusted financial help when you need it most!

Loanpey – Instant loans for bills, rent, school fees, appliances & more. Easy application, fast approval, flexible repayment. Trusted financial help when you need it most!

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Shopping Loan

What is shopping Loan?

Personal Loan for Shopping

LoanPey provides shopping loans to help you meet your various needs for branded products. These include mobile phones, washing machines, smart televisions, etc. Even a stylish wedding does not come cheap. We understand that owning a branded product benefits you with various features, and its quality lasts long. Moreover, it has a great exchange value. Using a shopping loan to shop for any branded product.

Waiting for the salary would not do justice to your purchasing needs. The lack of funds does not allow you to sleep in peace. Don’t let time slip away! Act now and get hold of that product you've always wanted.

Reach out to LoanPey and get the most out of their advanced lending mechanism. Using a personal loan for shopping is a smart move that will work in your favor. Expect quick approval, minimal paperwork, favorable loan terms, and a competitive interest rate.

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Feature & Benefits

Features and Benefits of a Shopping Loan

Are you facing a cash shortage? Then you have reached the right place. At LoanPey, our shopping loan offers many attractive features and benefits that make it easy to get the funds you require to purchase branded products. We are committed to providing you with high-quality loan services, allowing you to satisfy your shopping needs.Let us take a look at some of the most significant features and benefits of a shopping loan offered by LoanPey:

Quick and Easy Online Application

Apply for a shopping loan online quickly and easily from the comfort of your home, office, or even while on the go. Avoid paying multiple visits to the branch to seek approval for the loan application.

Minimal Documentation

Avoid the burden of dealing with a lengthy process requiring documents almost next to none. The need for documentation reduces when applying for a personal loan for salaried individual.

Competitive Interest Rates

A shopping loan interest rate is a vital factor as it translates into an expense you incur every month. At LoanPey, we offer an attractive interest rate of 2% monthly.

Flexible Repayment Options

Making your loan repayment would not feel like a financial stress anymore. When you secure a shopping loan, opt for a tenure according to your budget. Repay your loan in 90 days to 12 months.

Instant Approval and Quick Disbursal

Completed the loan application form? Expect instant loan approval and quick disbursal of the loan amount. You can get the amount transferred into your account within 2 hours.

No Collateral Required

A shopping loan is unsecured. It signifies that you don’t have to pledge collateral. The financial institution requires your credit score and income from you.

Process

Steps to Apply for a Shopping Loan

01

Apply Online

Apply for a shopping loan online.

02

Submit Documents

Submit your vital documents.

03

Get Approved

You can expect the loan application to be approved in a few hours.

04

Receive Funds

The required loan amount is transferred into your account within 2 hours.

Eligibility

Eligibility Criteria for a Shopping Loan

1. Age You must be between 21 and 60 years old when applying for a shopping loan
2. Nationality You must be a resident of India when applying for a shopping loan.
3. Monthly Income You must have a minimum monthly income of Rs.30,000/-
4. Work Experience As a salaried professional, you must have at least one year of work experience.
5. Credit Score A credit score of 750 or above makes you a perfect candidate to apply for a shopping loan
6. Credit History Before you apply for a loan, ensure you have an impeccable repayment track record with earlier loans.

200 +

Happy Customers

1000 +

Loan Approved

Why Choose Us

Why Choose LoanPey for Shopping Loan

Shopping should always be fun, and not tight on the pocket! At LoanPey, we make it simple for you to shop feeling as comfortable as possible. Whether it’s an electronic gadget, a furniture piece, or the latest in clothing, our Personal loan for shopping lets you enjoy what you want today. Instant loan approvals, competitive interest rates, less paperwork, and flexible repayment plans - these are the features letting you focus on your shopping wishlist, not your budget.you can rest easy knowing that your shopping dreams are just a step away. LoanPey is your only go-to destination to benefit from easy, safe, and quick finance. Why not make every purchase count when a reliable financial partner has your back?

  • Instant approvals on a shopping loan.
  • Flexible repayment options customized to your shopping comfort.
  • Minimal documents save you time and effort.
  • Enjoy shopping the way you want with the required funds.
  • No more worries about arranging upfront payments.
EMI Calulator

Shopping Loan EMI Calculator

Can’t wait to purchase the latest gadget or designer wear, or even fund your fancy wedding? Don’t let the budget disrupt your shopping plans! Get your hands on anything you desire for your wardrobe or home using our flexible Shopping Loan EMI Calculator without breaking the bank. The loan amount, the interest rate, and the tenure are what you need to enter. Know the exact amount you need to pay every month!

When you have clarity on your monthly payments, you are in a position to plan your buying spree wisely. Whether you’re interested in festive shopping or want to make the most of a big sale, make your desired purchases without feeling stressed.

Don’t wait when you can calculate! Just keep shopping, with a fine smile! Get the most out of our Shopping Loan EMI Calculator to manage your budget effectively!

Interest Rate

Shopping Loan Interest Rate

Loan Interest Rate

2% to 2.72% monthly

Loan Amount Offered

INR 5,000 to 1 Lakh

Loan Processing Fee

2% of the loan amount

Loan Tenure

90 days to 12 months

APR

Shopping Loan APR Calculator

Loan Amount

50,000
₹ 10,000 ₹ 2,00,000

Tenure (Days)

30 Days
7 days 365 days

Rate of Interest (Daily %)

1%
0.1% 5%

Processing Fees

10 %
1% 20%

Interest Amount

15,000.00

Processing Fees

5,000.00

Total Repayment

70,000.00

APR

58.39 %
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FAQs

Frequently Asked Questions

A shopping loan is approved by a lender or financial institution based on various factors, such as your credit score, income, etc.

The time taken to disburse a shopping loan depends on the lender. However, with an efficient online process, the loan amount can be transferred within 2 hours.

To apply for a personal loan for shopping without hassles, you need basic documents, including an Aadhaar card, PAN card, Driving License, Passport, Voter ID, and more.

To successfully make a loan repayment, you get a tenure ranging from 90 days to 1 year. Ensure you choose the tenure according to your payment capacity and needs.

You can easily and quickly get a maximum loan of up to Rs. 1 Lakh.

Goodskill Securities And Services Ltd | CIN - U74899DL1990PLC040437

Important*- As a registered NBFC with the Reserve Bank of India and following all the guidelines of the regulatory authorities, Loanpey provides loans to all eligible customers, where we accomplish our lending services through our website and CRM. Apart from this, we would like to inform our customers and the general public that we don’t have any app on android or appstore, and we are not disbursing through any mobile app. Therefore, please beware of any lending application that is copying our name and disbursing loans in our name through mobile apps, and please inform us in such circumstances where someone is trying to cheat through the unauthorized loan app by copying our name and logo.