Fast approval β’ Transparent pricing β’ Flexible EMI
Loan Amount
Interest Rate
Flexible Tenure
Unsecured Loan
| Feature | Fixed EMI | Reducing EMI |
|---|---|---|
| Interest Calculation | On full loan amount | On remaining balance |
| Total Interest | Higher | Lower |
| Best For | Short-term loans | Long-term savings |
A monthly interest rate of 1.5% corresponds to an approximate annualized rate of 18% β 20%, depending on tenure and EMI structure.
Email: support@monelend.com
MonβSat | 10:00 AM β 6:00 PM
Is 1.5% interest monthly?
Yes, interest is calculated monthly.
Which EMI option is better?
Reducing EMI usually costs less.
Is loan approval guaranteed?
No, approval is subject to verification.