This article explains information about the Fund by Khera Loan App, the loan company, interest and fees, the application process, advantages and disadvantages, security and necessary precautions. The Fund by Khera Loan App is a new option in the market. This app offers loans ranging from ₹5,000 to ₹100,000, with repayment periods ranging from 10 days to 30 days. However, it’s important to thoroughly check the app before taking a loan, as there are many fraudulent loan apps available in the market these days. If you’re considering a loan from the Fund by Khera Loan App, this article will be helpful; it provides complete information to help you decide whether you should take it or not.
What is Fund by Khera
Fund by Khera Loan App is a lending platform developed by Fintech Cloud Private Limited. Loans are disbursed through its NBFC partner, Kanta Credits & Holdings Pvt. Ltd., an RBI-registered non-banking financial company (NBFC). It offers loans ranging from ₹5,000 to ₹100,000, with repayment tenures of up to 30 days.
However, we took an initial loan of ₹5,000 from Fund by Khera Loan App for 12 days; we received ₹4410 in our bank account, and we had to repay ₹5,600 after 12 days. We would have to pay ₹1190 more in just 12 days.
| LOAN AMOUNT | ₹5,000 |
| LOAN TREM | 12 DAY |
| PROCESSING FEES | ₹500 |
| GST | ₹90 |
| DISBURSED AMOUNT | ₹4410 |
| ROI[PAR DAY] | 1% |
| INTEREST CHARGE | ₹600 |
| REPAYMENT AMOUNT | ₹5,600 |
Benefits of Fund by Khera Loans
- Online Application – Customers can complete the application process from home using their mobile phone. There’s no need to visit the financial institution’s office to apply.
- Digital Documents – KYC and other information can be submitted online.
- Eligibility-Based Offers – Loan offers can be displayed based on the customer’s profile.
- Time Savings – Applying digitally can be convenient.
- Fast Money – Money is credited to your account within 10-30 minutes.
- Fewer Documents – Just ID, bank statement, and some basic information.
- Emergency Help – This is useful if you need money suddenly.
Disadvantages and Risks of Fund by Khera Loans
- Clear information on interest and fees is essential – If the APR, interest, and all fees are not clearly stated at the time of application, ask for details before accepting the loan. Otherwise, you may be at risk.
- Pressure to repay within a short period – If the loan term is short, it may be difficult to repay the full amount by the due date. Late payments may result in additional expenses and a negative CIBIL score.
- Data theft and harassment – If you don’t make payments on time, you may receive threatening calls and your photo documents may be misused.
- Taking out another loan to repay one loan can trap you in a cycle of debt.
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, make sure 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 ask for payment before processing your application.
Fund by Khera Loan App Customer Care
If you encounter any issues with your loan, payment, interest, fees, or recovery, please contact customer support.
Keep these details safe when filing a complaint.
- Loan Account Number
- Loan Application Date
- Loan Payment Receipt
- KFS and Loan Agreement
- Conversation with Customer Support
- Complaint Reference Number
Conclusion
Fund by Khera loan is a digital loan platform with its digital lending partners – Kanta Credits & Holdings Pvt. Ltd. as the lender and Fintech Cloud Private Limited as the lending service provider. Its online application facility may be convenient for some customers. However, we received a loan of ₹5,000 for 12 days, and ended up paying an additional ₹190 over the 12 days – the current interest rate, processing fees, and repayment period require independent, official confirmation.
We recommend that you check the APR, total repayment amount, the lender’s RBI status, and the grievance redressal mechanism before taking a loan from Fund by Khera.