AEON Fast

AEON Fast by AEON Credit Service India is the official app from “AEON Credit Service India Pvt.Ltd.”, a leading non-banking financial company registered with the Reserve Bank of India and
engaged in the business of providing financial services. The app revolutionizes the loan
approval process by providing eligible customers with a preapproval limit within 1 minute With
a user-friendly interface, the app ensures a seamless experience for customers to access their
pre-approval limit anytime, anywhere. Post the preapproval the customer needs to visit AEON
registered stores for Two Wheeler Loan and Electric Bike Loans. For Personal Loans AEON
representative will contact within 60 mins. Furthermore, AEON Credit Service India is
committed to continuously enhancing the AEON Fast App, with plans to offer the complete loan
journey directly through the app soon. 

What are the Features of AEON FAST App?
✔ Instant pre-approval within 1 minute.
✔ Pre-approved offers on various products.
How does AEON Fast App works?
Download the AEON Fast App from Google Play store and in just 4 simple steps get a pre-
approved loan for all products instantly anytime anywhere.
✔ STEP 1 - Verify your Mobile Number.
✔ STEP 2 - Provide your Basic details
✔ STEP 3 - KYC Verification.
✔ STEP 4 - Receive your Pre-Approved loan amount instantly within 1 minute.
Where Can I use the AEON Fast preapproval offer?
Visit an AEON registered store for Product Loan along with the given MApp number show the
MApp number to the Merchant and buy anything of your choice like Two Wheeler and Electric
Bike. For Personal Loan AEON representative will contact within 60 mins.

Who is it for?
• Any person seeking financial solutions can download AEON Fast and apply for a quick loan.
Highlights of Personal Loan:
• Finance Amount : ₹ 30,000 to ₹ 500,000
• Repayment Tenure : 6 to 60 months
• Rate of Interest : 1.99% to 3.00% per month (reducing)
• Annual Percentage Rate (APR) : 23.88% to 36.00% p.a. (reducing)
• Processing Fees : ₹ 1,000 to ₹ 2,500 or 1.00% of Loan Amount whichever is Higher (excluding
GST)

For example
• Loan Amount : ₹ 100,000/-
• Rate of Interest : 23.88% p.a. on reducing basis.
• Tenure : 12 months.
• Processing Fee : ₹ 1,180/- (including GST)
• EMI : ₹ 9,541 /-
• Total Interest Payable : ₹ 14,486/-
• Disbursed Amount : ₹ 98,820/- {₹ 100,000 (Loan Amount) – ₹ 1,180 (Processing Fee)}
• Total Loan cost : Interest Amount + Processing Fees = {₹ 14,486 + ₹ 1,180} = ₹ 15,666/-
• Total Repayable Amount : ₹ 115,666 /- { ₹ 100,000 (Principal) + ₹ 15,666 (Total Loan Cost)}
• If the customer has opted for any insurance product, value of such insurance product will be
added to the loan and the EMI will increase accordingly.
Highlights of Two-Wheeler Loan:
• Finance Amount : ₹ 15,000 to ₹ 200,000
• Repayment Tenure : 12 to 48 months
• Rate of Interest : 11.99 % to 13.99% p.a. (flat rate)
• Annual Percentage Rate (APR) : 21.40% to 24.01% p.a. (reducing)
• Processing Fees : ₹ 1,349 to ₹ 4,550 (excluding GST)

For example
• Loan Amount : ₹ 100,000/-
• Rate of Interest : 21.40% p.a. on reducing basis.
• Tenure : 12 months
• Processing Fee (PF) : ₹ 1,592/-(including GST)
• EMI : ₹ 9,330 /-
• Total Interest Payable : ₹ 11,965 /-
• Disbursed Amount : ₹ 98,408/- {₹ 100,000 (Loan Amount) – ₹ 1,592 (Processing Fee)}
• Total Loan cost : Interest Amount + Processing Fees = {₹ 11,965 + ₹ 1,592} = ₹ 13,557/-
• Total Repayable Amount : ₹ 113,557/- { ₹ 100,000 (Principal) + ₹ 13,557 (Total Loan Cost)}
• If the customer has opted for any insurance product, value of such insurance product will be
added to the loan and the EMI will increase accordingly.

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