If you need quick money and are looking for a loan app, Ayushman Loans is a new option on the market. This app offers loans ranging from ₹10,000 to ₹100,000, with repayment periods of up to 45 days. However, it’s important to thoroughly vet the app before borrowing, as there are many fraudulent loan apps circulating on the market today. If you’re considering taking a loan from Ayushman Loans, this article will be helpful; it provides complete information to help you decide whether you should take one.
About Ayushman Loan
Ayushman Loan is a lending platform—Naman Finlease Pvt. Ltd, an RBI-registered non-banking financial company (NBFC). It offers loans ranging from ₹10,000 to ₹100,000, with repayment tenures of up to 45 days. These loans are offered through its RBI-registered NBFC partner, Naman Finlease Pvt. Ltd.
However, we took an initial loan of ₹32,000 from Ayushman Loan for 18 days; we received ₹28224 in our bank account, and we have to repay ₹37,760 after 18 days.
For example
If you take out an Ayushman Loan, you can see the details below.
| Loan Amount | ₹32,000 |
| Loan Tenure | 18 day |
| Processing Fee | ₹3,200 |
| GST | ₹576 |
| Amount Credited to Bank Account | ₹28224 |
| Interest Amount | ₹5760 |
| Total Repayment Amount | ₹37,760 |
Note: This is a general overview of our loans; details may vary depending on your profile.
Eligibility Criteria
- Indian Resident
- Age over 21
- Minimum monthly salary of ₹35,000
Required Documents
- Aadhaar Card
- PAN Card
- Bank Statement
Benefits of Taking an Ayushman Loan
- Fast Money – Money is credited to your account within 10-30 minutes.
- Fewer Documents – Just ID, bank statement, and some basic information.
- Loan Even for Bad Credit – Even those with poor credit scores can avail this.
- Emergency Help – This is useful if you need money suddenly.
Disadvantages of Taking an Ayushman Loan
- High Interest – APR of 1-3% per day, or 300-1000%. Short Term: Payments must be made within 7-45 days.
- Risk of Getting Trapped – If you don’t make payments on time, the interest will increase.
- Data Theft – Many apps sell your data.
- Harassment – If you don’t repay on time, you may receive threatening calls.
- Bad Credit Score – If you don’t repay on time, your score will drop.
Caution: Take loan only in case of emergency and take only as much loan as you can repay and choose only RBI registered apps.
Ayushman Loan – Red Flags
Before applying for an Ayushman Loan, it’s important to be aware of some important warnings and red flags.
Hidden Fees and Interest
If you apply for an Ayushman Loan, learn about processing fees. If you take out a loan of ₹32,000, only ₹28,224 is credited to your bank account, while you have to repay ₹37,760 in 18 days. This means you will have to pay ₹9,534 more in 18 days. You should verify this information.
Policy Violation
Although Ayushman Loan claims to offer loans up to ₹100,000 for a period of 45 days, it actually cheats you with processing fees and interest charges, which violates RBI regulations.
False Promises
The Ayushman Loan company promises emergency loans of up to ₹100,000; however, these loans are actually based on your salary, and you cannot avail of a loan without proof of income.
Extortion Tactics
Some users have complained about extortion tactics—including unauthorized access to their contact lists—that are often seen in fraudulent loan apps.
RBI Verification
Given the increasing number of fake loan apps, users are advised to check the registration status of Ayushman Loan‘s NBFC partner, Naman Finlease Pvt. Ltd, on the official RBI website.
Things to keep in mind when applying for a loan
- When applying for a loan, be wary of apps that ask for excessive permissions—such as access to your contacts or photo gallery—as this information could be misused.
- Before applying for a loan, ensure the lending app is registered with the Reserve Bank of India (RBI).
- Before accepting any loan offer, carefully read all terms and conditions, interest amounts, fees, and other important details.
- Be sure to compare interest rates and processing fees with other lending companies.
- Always avoid loan apps that demand payment before processing your application.
Is Ayushman Loan Real or Fake
Some people consider Ayushman Loan a “miracle” solution for emergency loans, but the reality is quite different. For example, after applying for a loan from Ayushman Loans, we found that a loan of ₹32,000 was approved. The loan amount received from the bank was ₹28,224. The loan tenure was 18 days. The expense of ₹9,534 for 18 days indicates that the company was created solely to defraud users of processing fee scams. Users are advised to verify that the company’s NBFC partner, Naman Finlease Pvt. Ltd., is indeed registered with the RBI.
Note: This article is for informational purposes only. If you apply for an Ayushman Loan and decide to take out a loan through it, please exercise prudence and caution.
FAQ
Is my data safe with Ayushman Loan?
Ayushman Loan prioritizes your data security. Ayushman Loan uses advanced encryption and secure systems to protect your personal and financial information.
What documents are required for loan approval?
Typically, you need identity proof (Aadhaar/PAN), address proof, bank statements, and basic income details.
What are the interest rates and charges for Ayushman Loan?
Interest rates and fees depend on your profile, loan amount, and term. All charges are clearly disclosed upfront, and there are no hidden fees.
How long does Ayushman Loan loan approval and disbursal take?
Ayushman Loan loan approvals are typically completed within a short time, and once approved, funds are transferred directly to your bank account.
What is Ayushman Loan and who operates it?
Ayushman Loan is a digital lending platform operated by Naman Finlease Pvt. Ltd., an RBI-registered NBFC. It offers fast, secure, and transparent personal loan solutions through a completely digital process.