How to Get Quick Personal Loans via the Creditt App in 5 Easy Steps

In this comprehensive article, we will learn everything about taking a personal loan from the Creditt app. We will understand the loan process, features, eligibility, documents required, interest rates, repayment options, customer support and more. Read on to get clarity on availing instant funds through this loan app.

What is the Creditt Loan App?

The Creditt loan app is an instant loan providing platform that offers personal loans up to Rs. 35,000. This app was launched in January 2019 by APN Finserve Pvt Ltd. and allows salaried individuals to get quick access to funds by submitting basic KYC documents. It has a seamless application process, allowing you to apply for and receive funds within minutes.

This app uses advanced algorithms and machine learning to analyze user data and determine loan eligibility and terms. Once approved, the amount is credited directly into your bank account.

Features of Creditt App

Here are some useful features that make taking a loan from Creditt convenient:

• Loan amount: You can avail from Rs. 10,000 to Rs. 35,000 based on eligibility. This helps meet small urgent needs or expenses.
• Tenure: The maximum repayment duration is 90 days or 3 months. This provides flexibility to repay comfortably.
• Interest rate: An annual interest rate from 18% to 33% is charged depending on user profile, income, loan amount etc.
• Eligibility: The app offers loans to salaried residents of India aged between 21-55 years and with a monthly income above Rs. 20,000. Self-employed individuals can also apply.
• Repayment: Option to repay principal, interest and processing fee in equated monthly installments convenient to the borrower.

Benefits

Some useful benefits of taking a loan from Creditt are:

• Digital and instant: A fully online process allows you to apply and get loan approval quickly from anywhere.
• Flexibility: Customize loan amount and tenure as per need within specified limits. Also, there is no penalty on early repayment.
• Minimal documentation: Only basic KYC documents like Aadhaar, PAN Card, and bank statements are required.
• Quick disbursal: loan amount credited to bank account soon after approval, helping meet urgent expenses.
• Hassle-free: No collateral, guarantor, or extra charges are needed. The process is paperless and presenceless.

Required Documents

To apply for a personal loan on Creditt, you need to submit the following documents:

• Aadhaar Card – For identity and address verification.
• PAN Card – For identity proof and linking bank account
• Selfie – For additional identity verification use image recognition.
• Last 3 months salary bank statement: To assess repayment capacity and eligibility

The best part is Creditt uses advanced technology to perform quick KYC verification and eligibility checks using these documents. No physical document submission is needed!

Step-by-Step Process to Apply

Here is a step-by-step breakdown of the loan application process:

1. Download the app: Download the ‘Creditt’ loan app from the Google Play Store and install it on your Android phone.
2. Register on App: Enter your mobile number and register on the app by setting a password.
3. Enter Personal Details: Fill out form providing your name, date of birth, gender, PAN, income, etc.
4. Enter Employment Details: Specify your employee ID, company name, job profile, and account number.
5. 5)Upload KYC documents: Upload images of your Aadhaar card, PAN card, salary bank statements, and latest selfie.
6. Provide Bank Details: Enter your account number and IFSC code where the loan amount is to be credited.
7. 7)Submit Application: Carefully review all application details entered in the form and submit.
8. Get Loan Approval: Wait for loan approval confirmation and an SMS informing you of the sanctioned loan amount.

This simple process allows salaried individuals to get funds in their bank accounts in minutes without any hassles.

Interest Rates and Charges

Creditt charges an interest rate ranging from 18% to 33% per year on loans. The rate applicable will depend on the user’s creditworthiness, income, location, employer profile, and the loan amount requested.

In addition, a one-time processing fee of up to 2% of loan amount sanctioned can be applicable. There are no hidden charges or prepayment penalties.

We recommend repaying the loan on time as specified to avoid additional default charges and minimize interest costs.

Customer Care

For any queries or issues faced during application or repayment, you can contact Creditt customer care through:

• Phone: +91 2245811515
• Email ID: [email protected] or [email protected]
• Website: https://creditt.in/

The customer care team quickly resolves queries related to technical issues, eligibility criteria, documentation, loan application status, etc.

Conclusion

The Credit Loan app is a useful way to get access to emergency funds and urgent expenses instantly and digitally. The easy application process, quick approval, and fast disbursal make it convenient for young working professionals. Ensure you repay the loan on time to avoid hefty charges. Evaluate all aspects, like tenure, rate of interest, charges, etc., carefully before applying.

FAQs

What is the maximum loan amount I can get on the Creditt app?

Ans: You can get a personal loan from Rs. 10,000 up to Rs. 35,000 on the Creditt loan app. The amount offered will depend on your eligibility criteria.

What is the interest rate charged on loans via Creditt?

Ans: The interest rate charged on Creditt app loans ranges from 18% per annum to 33% per annum. The rate applicable to you will depend on factors like your credit score, monthly income, employer profile etc.

What documents do I need to apply for a Creditt app loan?

Ans: The required documents are:

• Aadhaar Card
• PAN Card
• Latest Salary Slip
• Last 3 months’ salary bank account statement
• Selfie

How long does it take to get loan approval and disbursal on the Creditt app?

Ans: Creditt app provides instant personal loan approval and disbursal within a few minutes to eligible applicants if all documents are in order. You can get the loan money credited to your bank account shortly.

Is there any processing fee charged on Creditt personal loans?

Ans: Yes, Creditt charges a one-time processing fee of up to 2% of the loan amount sanctioned. Apart from this, there are no other hidden charges or pre-payment penalties on loan repayment.