DMI Finance (DMI Finance Private Limited) is an RBI-registered NBFC in India that lends directly, offering personal loans, including loans for debt consolidation.
Decide based on your real situation, not on how fast the loan is approved.
Loans of up to Rs 10 lakh with tenures of up to 48 months.
Open to both salaried and self-employed applicants.
Interest rate isn't published upfront, and foreclosure or part-prepayment costs up to 4% + GST.
Requires a credit score of 700+, and disbursal can take up to a week.
DMI Finance offers debt consolidation loans of Rs 50,000 to Rs 10,00,000 to combine credit card dues, personal loans and other unsecured debt, with tenures of 12 to 48 months. Applicants must be at least 23 years old, salaried or self-employed, earn Rs 25,000 or more a month and have a credit score of 700 or above. The interest rate is not published and is shown on your own offer screen before you accept.
- Loans issued directly by DMI Finance Private Limited (RBI CoR N-14.03176)
- Maximum interest rate of 27.9% a year published
