Xpress Cash is an instant loan of upto Rs. 5 lakhs. It will be disbursed directly to your bank account.

The XpressLoans amount you withdraw will not change / reduce your LazyPay credit limit. It is separate from your LazyPay credit limit.

Eligibility for XpressLoans is based on your tenure and history with LazyPay. Once you are eligible for XpressLoans, you will see a banner on the home page indicating the maximum amount you are eligible for.

Minimum amount = Rs. 3000 
Maximum amount = Rs. 5 lakh

Minimum repayment duration = 3 months 
Maximum repayment duration = 60 months

Interest rate for XpressLoans is between 16-34%

A processing fee of upto 4% + GST will be applied on your loan. This will be deducted before the loan is credited to your bank account.

Pre-EMI is the interest for the duration between when the loan is credited to you and when the first EMI is due. You will be required to pay this along with your first EMI.

You can withdraw XpressLoans by completing your KYC, submitting your bank details, setting up auto-repayment and signing your loan agreement (OTP-based).

You can check the current status of your XpressLoans application on the home page.

You can only take one loan at a time. Post closure of your current loan, you can check your eligibility for further loans.

If you have not signed your loan agreement yet, your application will be cancelled automatically within 30 days. Post signing your agreement, we will not be able to cancel your application as your loan amount will be credited to your bank account automatically.

Your XpressLoans will be credited to your bank account instantly.

We periodically review your profile and update the maximum amount you are eligible for. You may see a higher or lower limit accordingly.

If the amount has already been credited to your bank account, then you can review your loan details in the Track Usage tab instead. 
If you have not availed XpressLoans yet, we may be in the process of re-evaluating your limit. Please check again in a few days.

You can check your loan and repayment details in the Track Usage tab.

If you have received the loan between 1st and 5th of the month, then your first EMI will be due on the 5th of the immediate next month. E.g. if you receive the loan on 1st Oct, then your first EMI will be due on 5th Nov. 
If you have received the loan after the 5th of the month, then your first EMI will be due on the 5th of the month after next. E.g. if you receive the loan on 6th oct, then your first EMI will be due on 5th Dec.

You can either setup auto-repayment for XpressLoans, or pay manually from the LazyPay app via the Track Usage tab.

You can foreclose the loan only after the first 6 EMIs are complete. There is a foreclosure charge of upto 4% of outstanding + GST. 
You cannot make partial payments on the loan.

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