About this app
Stride helps you become unstoppable with no cost/ low-cost EMIs. With a Stride credit limit, you can explore job-oriented education, the latest tech gadgets, stylish 2-wheelers, and comfy PGs and hostels.
Stride is a digital fintech platform offered by Eduvanz Financing Private Limited (Eduvanz), an RBI licensed and regulated NBFC and a fintech offering services to lenders. Eduvanz is primarily engaged in distribution of financial products and services and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfillment services and post-acquisition customer services to Banks and NBFCs.
With Stride, you can instantly avail a credit limit of up to INR 10,00,000 from anywhere in India, without any physical documentation.
Don’t wait! Hit the install button to start the process today.
Interest Rates – 0% - 36% p.a
Tenure – 3 months - 84 months
Annual Percentage Range – 0% to 70%
Processing Fees – 0% - 5% excluding govt charges
Why Stride:
No or Low-Cost EMI - Available for more than 10,000+ products and resources.
Instant credit approval - Sign up, get a credit limit for up to ₹10L
Easy registration process - Paperless and quick, our average sign-up takes up to only 2 minutes!
Flexible Tenures - Split your payment in 3 to 60-month tenures
Our Lending Partners:
Fullerton India Credit Company Limited
Aditya Birla Finance Limited
Piramal Finance
Types of Offerings
No or Low-cost end use defined EMIs and credit limits for Education (K-12, Test Prep, Degree)/ Skilling fee financing segments with tenures up to 84 months for loan amount up to INR 10,00,000
No-Cost and Low-cost end use defined EMIs for 2-wheelers, gadgets or any other ancillary needs such as PGs, hostels, travel, accommodation with tenures up to 24 months for loan amount up to INR 3,00,000
Example:
No-Cost EMI
Loan Amount/Product Value: INR 100,000
Tenure: 12 Months
Interest Rate Paid by Borrower: 0%
Interest Rate Paid by Merchant: 19.91%
Processing Fee: INR 1,180 (1% of Loan Amount + 18% GST)
Amount Disbursed to merchant: INR 90,000
EMI: INR 8,333.33 (To be rounded upto nearest whole number)
Total Interest Amount: INR 10,000
APR (IRR Method) – 22.10%
Total Repayment Amount: INR 100,000
Low-Cost EMI
Loan Amount: INR 90,000
Tenure: 12 Months
Interest Rate Paid by Borrower: 19.91%
Interest Rate Paid by Merchant: 0%
Processing Fee: INR 1,062 (1% of Loan Amount + 18% GST)
Amount Disbursed: INR 90,000
EMI: INR 8,333.33 (To be rounded upto nearest whole number)
Total Interest Amount: INR 10,000
APR (IRR Method): 21.88%
Total Repayment Amount: INR 100,000
Eligibility:
Citizen of India
Must be above 18 years old
Steady monthly Income
Must Satisfy KYC norms as per the Reserve Bank of India guidelines
Steps to avail a credit limit
Install Stride app
Sign up using your basic details (Mobile Number, Name, E-mail ID)
Fill basic information
Upload required documentation
Queries
Mail: [email protected]
Phone: 022-4973 3624 / 022-4973 3674
Connect with us at
Facebook: https://www.facebook.com/EduvanzFinance/
Twitter: @Eduvanz_Finance
LinkedIn: https://www.linkedin.com/company/eduvanz/
Instagram: https://www.instagram.com/eduvanz_finance/