Colectivo 17+

Colectivo provides a direct and highly secure method for borrowing, saving, and improving your financial health, all accessible through your mobile device. The Colectivo Personal loan app is overseen by L N FINANCE LIMITED, a company incorporated on 12 November 1992 and classified as a Non-government entity registered at the Registrar of Companies, Chennai.

Emphasizing security, Colectivo strictly follows all RBI regulations for NBFCs, ensuring a 100% secure user environment. This positions us as a trustworthy, protected, and legitimate cash lending app in India.

Important: No credit history* needed, no prepayment fees, and competitive interest rates!

INTEREST RATES AND CHARGES FOR PERSONAL LOANS
Loan Amounts: INR 5,000 to INR 100,000
APR/Interest rate: 24%-36% (Monthly interest: 2% to 3%)
Processing fee: Starting from 2%
Terms: Depending on your eligibility for the personal loan amount, you can select repayment terms for a maximum of 6 months. Each loan amount we extend allows for repayment in a minimum of 61 days.
The loan amount will be directly credited to your bank account.

Illustrative calculation for a personal loan:
Loan Amount: ₹50,000
Term: 12 months
Interest Rate: 24% per annum
Processing Fee: ₹1,250 (2.5%)
GST on Processing Fee: ₹225
Total Interest: ₹6,736
EMI: ₹4,728
Disbursed Amount: ₹48,525 (PF + GST deducted upfront during loan disbursal)
Total Repayment Amount (Loan amount + Interest): ₹56,736
*Please be aware that the figures provided above are for illustrative purposes only. The actual interest rate and processing fee may vary based on an individual profile assessment.

SECURE AND PROTECTED BORROWING
The Colectivo application streamlines the procedure for acquiring an immediate personal loan by utilizing the data stored on your mobile device, including your SMS history, for identity verification and credit scoring. Be assured that the information you choose to share with us is encrypted, ensuring the utmost privacy protection. We highly value your privacy and commit to never divulging your data to external parties.

GET IN TOUCH
We're thrilled to receive your input! For any feedback, inquiries, or concerns, feel free to reach out via email at baid.pradip@gmail.com.
Visit Our Office: 3A, AUCKLAND PLACE, 5TH FLOOR KOLKATA WB 700017 IN.