Only a students attending full time college under a recognized university and pursuing course in registered coaching center is eligible to borrow.
To be able to borrow your profile on the app has to be approved.
Yes aadhaar card and student card mandatory.
Once complete accurate information is provided ,the approval process can take up to 24 hours. But we try to do it at a much shorter time.
All approved users start with a credit limit of Rs. 500. The limit is dynamic and can move up and down over time based on various factors. Limits are decided by our proprietary credit algorithm, which takes into account hundreds of different variables.
In general, good behavior will lead to an increase in the limit over time. Good behavior includes: (1) repaying loans on time, (2) avoid re-borrowing immediately after repaying, (3) referring friends to money temple
On time loan repayment is good behavior and gives you a better chance of enjoying a higher limit. However, it is not the case that your limit will necessarily increase after every repayment you make.
There is no maximum limit. Every user’s credit limit is unique and can continue to increase over time.
At the time of making the loan request you can choose whether you want the money in your bank account or paytm wallet. If you choose to receive the money in your bank account please ensure you have entered accurate information. And in case you have entered multiple bank accounts mark the one where you would like the money as primay.
Once you submit your loan request it may take a few hours to get approved, although it typically happens much faster. Only once your request is approved will your money transfer be processed.
If you had requested money in your paytm wallet, it will be transferred instantly when your request is approved.
Money requested in bank account takes up to 24 hours to process. If there are non-working days(weekend or bank holiday) in between it may take longer.
You probably requested money in your bank account. Money requested in bank account takes up to 24 hours to process. If they are non-working days (weekend or bank holiday) in between it may take longer.
Please check that you have entered the correct ISFC code and account number for your bank. In case you have provided multiple bank account details the money has been sent to the account marked PRIMARY.
No, you will have to repay the entire amount due. If you need the money for a shorter period please select an appropriate loan tenure in the future.
Paying after your due date is considered as bad behavior and impacts your credit limit and ability to borrow on money temple. You will also be charged with 4% per day penalty fee based on how many days your repayment is overdue.
Not repaying can have serious consequences. Every loan is backed by a legal contract that you digitally sign at the time you take the loan. Not repaying may impact your ability to borrow in the future or get a job (you may fail employer background checks). Among other things we may take the following actions (1) communicate your non-repayment status to any of your relatives , friends, college, authorities, professors, associates, and people they know, (2) post your non-repayment status on our website , a newspaper, or any social media, platform such as facebook (3) legal processer in court (4) send people to your current or permanent place of residence to collect the dues.
We take your complaints very seriously in order to meet the highest standards of our customers because we believe in quality service. Our job is not just to make our customer’s happy, but to satisfy them to the core. If you are unhappy with the way we have handled your personal information or any request that you have raised with us at +91 9457954507 or at 155 opp. Nagar palika saini nagar, khatauli or at firstname.lastname@example.org. We would also welcome any suggestions for improving our services.
Designed & developed by Shivam