Super Money - Paisa Jhatpat

FINANCIAL WELLNESS SOLUTIONS FOR THE UNDERSERVED

SuperMoney is India’s lending financial platform which provides employees/ vendors of Indian companies access to financial solutions which in the past have not been easily available to them.

The financial solutions include

- Education Loans

- Income facilitation Loans to help borrowers increase their income by helping them buy mobile phones/ vehicle service plans/ vehicle tyres etc

- Micro Cash Loans (Personal Loans) to meet emergency needs

- Micro Saving Solutions (Weekly/ Flexi SIP mutual fund investment plans) for your goals

- Micro Insurance Solutions (Life/ Health/ Vehicle/ Accidental/ Loss in Income etc)

By not depending on traditional Credit Score Models, we have been able to provide financial products to scores of people who under traditional financial models are unqualified due to their lack of scores.

SuperMoney Loans

- Loan amount: ₹5,000 to ₹5,00,000

- Interest rates: 0% to 36% per annum*

- Tenure: 3 to 6 months

- Processing fees: 0% to 3% (plus any applicable taxes)*

- Zero prepayment charges.

*The higher charges are only for loans of lower amount and/or high risk customers.

Example:

Loan amount - ₹20,000;

Loan Tenor (months) - 4 months;

Interest rate - 24% per annum on a flat rate basis and charged monthly/weekly;

Monthly EMI - ₹5,400;

Total EMI Payable - ₹21,600;

Total Interest Payable - ₹21,600 - ₹20,000 (Principal) = ₹1,600

Loan processing fee (including GST) – ₹472 (calculated as 20,000 x (2%)X (1+18%). On disbursement a processing fee of ₹472 would be charged and would be deducted from disbursed amount

Total Cost of Loan = Total Interest Payable + Loan Processing Fee = ₹1,600+₹472 = ₹2,072

All the Loans are provided through our financing partners (Banks/NBFCs). Kindly visit our website (https://www.supermoney.in) to view the latest list of our financing partners.

Here’s what you can do with the SuperMoney app

- Choose your Mutual Fund Saving Plan and complete your KYC

- Purchase and Redeem - Invest and/ or redeem your MF Investments

- Manage loans - View and manage active loans and past loans in your account.

- Repayment - Make repayments for your active loans and increase your available credit limit.

- Apply for Loans - All eligible customers can apply for a personal loan.

- Profile - Update your profile details such as mobile number and email address.

- Support - If you have any questions regarding your loan account, you can talk to our customer support or chat with them and get your queries resolved.

Security and Protection of Privacy

Data security and privacy is a top priority at SuperMoney. Our backend APIs comply with mandated security standards and robust protocols. Supermoney does not read your personal SMSs, bank OTP or passwords.

The app requires the following permissions to function properly :

a. Location - ACCESS_FINE_LOCATION

Required for verifying current address for the loan application

b. Contacts - GET_ACCOUNTS

Required to fetch the verified Google email for the loan application

c. Camera and Media Access - CAMERA, READ_EXTERNAL_STORAGE,

WRITE_EXTERNAL_STORAGE

Required for enabling upload of loan application documents like PAN card, Selfie, etc.

d. Read Device Info - READ_PHONE_STATE

Required to link the unique phone ID (IMEI) to the loan application for security purposes

If you’ve any suggestions or feedback regarding our android app, please feel free to write to us at

feedback@supermoney.in and we will look into it. We value your opinion, thank you.