e-Rin is the go-to personal loan app for salaried professionals. Avail instant short-term personal loans starting from Tk 1,000 to Tk 50,000 and get the money transferred to your bank account within hours.e-Rin offers a smart, intuitive and hassle-free experience eliminating human intervention. Apply for a loan today and enjoy a better borrowing experience.What’s New?It’s a completely new app that provides digital loans to salaried professionals.Personal Loan Eligibility:● Personal loan for salaried professionals only● Minimum net take-home monthly salary: Tk 10000● Above 18 years of ageFeatures of e-Rin – Personal Loan App:● Avail a range of personal loans● Personal loan eligibility check● Personal loans available from Tk10,000 – Tk 50,000● Quick loan application via online loan app● Repayment period to be 3 months/6 months● No guarantors or collaterals needed● 100% paperless loan application● Loan instantly credited to bank accountAvail the money you need, when you need it, for whatever purpose with e-Rin. It is simple, transparent, and the best online personal loan app in Bangladesh.Get up to Tk 25,000 personal loan online using the e-Rin app. Know your personal loan eligibility in minutes and apply for a personal loan easily.Download the app today and experience a new way of borrowing!How to apply for personal loan online on e-Rin?Install the e-Rin AppLog in to the e-Rin App by registering through your social media accountProvide your Dhaka Bank Account numberPerform the Mobile OTP verificationPerform NID verification and liveliness testFill in your basic details to know your personal loan eligibilitySubmit KYC documents and apply for a quick personal loanOnce application is approved , the loan amount is disbursed to your Dhaka bank account.Documents required to apply for a loan:● Selfie● NID card● Address proof (Any 1 - Utility Bills)● 3 month bank statements with salary creditInterest, tenures and other specifications● Maximum Annual Percentage Rate (APR) – 9.15%● Minimum Repayment Tenure: 3 months● Maximum Repayment Tenure: 6 months● e-Rin 6 months - Processing fee: 0.5% of loan amount● e-Rin 3 months - Processing fee: 0.5% of the loan amountSample Loan CalculationLoan amount: Tk. 10,000 at interest rate of 9% p.a.Loan Duration: 6 MonthsTotal personal loan interest = Tk 450Processing fees (PF) + VAT + CIB + VAT for CIB= Tk. 50 + Tk. 7.50 + Tk. 100+ Tk.15 = Tk. 172.50Total Deductibles (PF + VAT+CIB ): Tk. 172.50In-Hand Amount: Tk. 10,000Total repayable Amount(Loan Amount + Interest): Tk. 10,289Monthly EMI Repayable: Tk. 1741Maximum APR ( Annual Processing Rate) Sample Calculation:Loan Amount : Tk. 10000Loan Tenure : 3 MonthsInterest : 9% per annum = 2.25% for 3 MonthsInterest Amount = Tk.225PF : 0.5% of Loan amount = 0.5% * (10000) = Tk. 50VAT for PF: 15% of PF = Tk.7.5CIB Charges + VAT: Tk. 115Other Charges {Processing Fee Tk. 50 + VAT Tk. 7.50 = Tk. 57.5, CIB Tk. 100 + VAT Tk. 15 = Tk. 115, Total = Tk. 172.50,Tk. 172.50/Tk. 10,000 =1.725%x4(annualised)}= 6.9%Maximum APR (2.25% + 6.9%) = 9.15%* if the loan amount increases, APR will be lessData Security via Secure Loan ApplicationYour data is safe with us. All the transactions are secured via a 128-bit SSL encryption. Data is transferred over secured connections.Contact Us:For help or any other details about our personal loans, contact us at 16474, [email protected]
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