ZingLoan

ZingLoan is a Digital Lending App operated by Vaishali Securities Limited, an RBI-registered Non-Banking Financial Company. Loan products available through ZingLoan are offered directly by Vaishali Securities Limited under its NBFC license. ZingLoan is listed as a Digital Lending App deployed by Vaishali Securities Limited. It provides Indian users with secure and structured installment-based personal loan products, with all key loan terms clearly shown before the user confirms any loan. Structured Loan Details Loan Amount Range: ₹6,000 to ₹200,000 Repayment Period: 61 days to 240 days APR Range: 24.00% to 36.00% per annum, depending on the user’s eligibility, credit assessment, risk profile, approved loan amount, and selected repayment tenure Maximum APR: 36.00% per annum Daily Interest Rate Range: 0.06575% to 0.09863% per day, calculated based on APR ÷ 365 days Repayment Type: Structured installment repayment Who Can Apply? To access loan services through ZingLoan, applicants must meet the following basic criteria: Resident of India 18 years of age or older Holder of a valid PAN card Possess a steady source of income Hold an active bank account in India for loan disbursal and repayment Final eligibility, loan amount, APR, daily interest rate, and tenure are subject to verification, internal credit assessment, risk evaluation, and approval by Vaishali Securities Limited. Representative Installment Example The following example is provided only for illustration to help users understand the total cost of borrowing before applying. Actual loan terms may vary depending on the user’s eligibility, risk profile, credit assessment, approved loan amount, selected tenure, and the final Key Fact Statement shown before loan confirmation. Example Loan Details: Principal Loan Amount: ₹10,000 Loan Tenure: 6 months Number of Installments: 6 monthly installments Applicable APR: 24.00% per annum Daily Interest Rate: 24.00% ÷ 365 = 0.06575% per day Monthly Interest Rate Used for EMI Calculation: 24.00% ÷ 12 = 2.00% per month EMI Calculation Method: The loan is repaid using the Equated Monthly Installment method, where the installment amount remains the same during the selected tenure (with a minor adjustment in the final installment for rounding). Detailed Repayment Schedule: 1st Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200 2nd Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200 3rd Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200 4th Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200 5th Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200 6th Installment: ₹1,867 Principal Component: ₹1,667 Interest Component: ₹200 Total Principal Amount: ₹10,000 Total Interest Payable: ₹1,200 Total Repayment Amount: ₹11,200 This means that for a ₹10,000 loan taken for 6 months at an APR of 24%, the user would repay ₹1,867 per month, which includes ₹1,667 in principal and ₹200 in interest. The total amount payable would be ₹11,200, including ₹10,000 principal and ₹1,200 interest. No additional fee is included in this example. Regulatory & NBFC Information Lender / NBFC Name: Vaishali Securities Limited RBI Registration Status: RBI-registered Non-Banking Financial Company DLA Status: ZingLoan is listed as a Digital Lending App deployed by Vaishali Securities Limited. Website: https://www.vaishalisecuritiesltd.com Contact Email: [email protected] Contact Number: 07969654623 Grievance Redressal For loan-related queries, repayment issues, complaints, or grievance redressal, users may contact Vaishali Securities Limited through the contact details provided above.