Small Business Loan: Tradofina

4.5
364K reviews
5M+
Downloads
Content rating
Everyone
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About this app

Tradofina provides instant Credit and Small Business loans from RBI-registered NBFC. Tradofina offers an Instant Credit Loan of ₹ 5000 to ₹ 60,000 and APR ranges from 14% to 28% for a tenure of 3 months to 24 months.
Example: Small business owners/self-employed can avail instant credit loan of ₹10,000. The total processing fee is ~8%. The interest rate is 18% p.a for a tenure of 3 months, amount payable is ₹10,450, and APR of the loan will be 27.54%.
Introduction

Tradofina, India's fastest digital credit based personal loan app platform. The app provides instant access to credit by RBI-approved NBFC. Tradofina delivers the fastest personal loan experience with 100% paperless, digital KYC process. Once your loan is approved, the amount is credited into your account in just 5 minutes!

Tradofina Instant Credit Loan App products



Quick Cash - Instant Credit Loan


Tradofina offers an instant personal loan to salaried customers and self-employed store owners. The amount of loan ranges from ₹5000 to ₹60,000 only with PAN, Aadhaar Card for a tenure of 24 months.

Collateral free Small Business Loans


Tradofina offers business capital loan upto ₹1,00,000/- to small business and store owners to meet to run their day to day business activities.

Loans to different type of Priority Sectors


Tradofina also offers loans of up to ₹60,000 to priority sectors, based on RBI definitions. A priority sector loan is provided to women, artisans, small vendors, village and cottage industries, etc.
Top category & Businesses who have benefited and availed instant credit loan from Tradofina
- Instant credit for Kirana Shop, General Store, Grocery Store, Medical Store
- Instant loan for Mobile Recharge and Electronics Shops
- Quick Cash for Bakery, Snacks and Juice Shops
- Instant Cash for Street vendors, Fruits and Vegetable shops

Examples of EMI, Fees, Interest rates for instant credit products offered by Tradofina app
Loan amount (Principal): ₹ 30,000.
Tenure: 12 months.
Interest Rate: 18% per annum.
Processing Fee (incl. GST): ₹ 750 (2.5%).
Total Interest: ₹ 3,005.
EMI: ₹ 2,750.
APR: 22.91%.
Loan amount is ₹ 30,000. Disbursed amount is ₹ 29,250.
Total loan repayment amount is ₹ 33,000.
Total Cost of the Loan = Interest Amount + Processing Fees = ₹3005 + ₹750 = ₹3755.

Eligibility Criteria:
• Minimum age - 21 years
• Minimum income ₹12,000 for salaried & ₹15,000 for Small business/vendors
Documentation:
Tradofina app is a 100% digital loan app; therefore, we don’t require any physical documents!
All you have to do is enter your PAN Card number, upload a digital photocopy of your Aadhaar Card, and click a selfie to avail your instant credit and business loan.
Why Tradofina to avail Instant Credit and Small Business Loan
✔Instant verification and speedy credit disbursement
✔ Fair & Low rate of interest and processing fees
✔ Easy & Convenient repayment options (UPI, Debit Card, Net Banking, Bank Transfer, etc.)
✔ Online personal loan approval in just 5 minutes
✔ No collateral & credit card required
✔100% secured via 256-bit SSL encryption
✔RBI-registered NBFC with 100% digital approval. The NBFC is:
- Arnold Holdings Ltd
How to avail Instant Credit by using Tradofina App
1. Install Tradofina - Instant Credit and Small Business Loan App
2. Register with a mobile number
3. Upload KYC documents and check your personal loan eligibility.
4. Accept the offer and get an instant approval for your loans.
5. Post-approval the loan amount is credited to your account instantly.
Contact us:
Customer Care Number: 022-48913684
Email: care@tradofina.com
Address: B 208, RAMJI HOUSE, 30 JAMBULWADI, JSS ROAD, MUMBAI, MAHARASHTRA 400002
Updated on
Mar 23, 2024

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
No data shared with third parties
Learn more about how developers declare sharing
This app may collect these data types
Location, Personal info and 3 others
Data isn’t encrypted
You can request that data be deleted

Ratings and reviews

4.5
361K reviews
Suresh Kumar
February 4, 2024
Cheating app. All the reviews are fake. My approved amount is rs.12636 but I have received only 11,800 .that is ok. Repayment amount is shown as rs.12,823. That is not an issue but now in this app showing my repayment amount is rs.13522. why I have to pay the hidden charges. If there are any charge like this why it is not shown in the app.
6 people found this review helpful
Arnold Holdings Ltd
February 4, 2024
Dear Suresh, We are extremely sorry for the problem you are facing. We want to get to the bottom of the same. Please send us your registered contact number along with a brief of your query at support@rufilo.com. Our team will verify the details and help you immediately. Thank you!
Anuja Tamizhachi
March 6, 2024
if you need emergency based loan it's a best choice.. interest too High so if emergency only go for it.. you will money definitely and it helps to improve our credit score too .. thank you
3 people found this review helpful
Arnold Holdings Ltd
March 7, 2024
Dear Anuja, Thank you for rating our services and sharing your opinion with us. We will surely forward your feedback to the concerned department to evaluate the same. Thank you!
RAHUL Kumar
March 8, 2024
Repaid 2 loans on time and now they are saying you are ineligible for now. They replied with a mail id to reach out which is also fake as it was not delivered by mail system. What a joke this application is.
4 people found this review helpful
Arnold Holdings Ltd
March 9, 2024
Dear Rahul, We are extremely sorry for the problem you are facing. We want to get to the bottom of the same. Please send us your registered contact number along with a brief of your query at support@tradofina.com. Our team will verify the details and help you immediately. Thank you!

What's new

Bug fixes and improvements