Personal Loan from ₹ 1000 to ₹ 2 Lakh for 62 days to 15 months at 0 – 2.49% p.m.
Loan amount: From ₹1,000 to ₹200,000
Interest rates: From 0% to 29.95% per annum
Tenure: 62 days to 15 months
Kreditzy is a Personal Loan Platform for Indian mobile users. Kreditzy fulfills customers’ financial needs 24×7 completely online. The application process can be completed in approximately 10 minutes. The approved loan amount is immediately transferred to the applicant’s bank account.
Get fair and affordable online loans in a fast and convenient way on Kreditzy – Personal Loan App.
Kreditzy is a platform facilitating the loan transactions between the borrowers and the NBFCs/Banks. All loan applications are approved and sanctioned by NBFCs/Banks registered with RBI and communicated upfront during Loan application.
Personal Loan example:
Loan amount: Rs. 50,000
Tenure: 12 months
Interest Rate: 20% per annum
Processing Fee: Rs. 1,250 (2.5%)
New customer onboarding Fee: Rs. 200
GST on Processing and Onboarding Fees: Rs. 261
Total Interest: Rs. 5,581
EMI: Rs. 4,632
Loan amount is Rs. 50,000. Disbursed amount is Rs. 48,289. Total loan repayment amount is Rs. 55,581
1. 100% Online process
2. Fast approval
3. Immediate bank transfer
1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income
How to get started:
1. Install the Kreditzy app from the Playstore.
2. Register and create a new account.
3. Fill out your basic information, then submit the application.
4. The final eligibility will be shown in the app and SMS will be sent post approval.
5. Select the loan product you find suitable.
6. E-sign the loan agreement.
7. After the E-sign, the approved loan amount will be disbursed into your account within 5 minutes and a SMS notification will be sent.
Amount, Tenure, Fees & Charges
Loan amount: ₹1,000 to ₹200,000, Tenure: 62 days-15 months. Kreditzy charges one-time service fee while onboarding or during upgrade which is ₹20-₹350 depending on the risk profile and membership band availed by customer. Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers.
Penalty is charged only when someone delays their scheduled payment.
The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 0%-36%, medium risk customers is 18%-39%, high risk customers is 24%-42% and very high-risk customers is 24%-70%.
In addition, GST will be applicable only on the fee components as per Indian laws.