Creditbazzar
Personal Loan

Creditbazzar is a digital finance company based in Delhi that facilitates instant personal loan through online application. The goal of the company is to provide an instant solution to any kind of financial crisis. If all the information and the documents required are provided accurately, the approval process may take just a few minutes. If the information provided is not ample to proceed with the processing, the representatives of the Company will contact the applicant to get the required information. In such cases, the approval will be delayed. You can apply for a loan 24 x 7 on all days including holidays and Sundays. The approval will be communicated but the amount will be credited only on the subsequent working day. Presently, Creditbazzar operates from Bangalore, Delhi and NCR.

An instant solution for any kind of financial crisis by submitting an online loan application is the instant online loan. Creditbazzar is known for fast approval and disbursement thus providing an instant solution for any of your financial emergencies. You will have access to the loan application throughout the year and even on holidays and Sundays. You can apply for the loan 24 x 7 on all 365 days. However, loans applied for on holidays and Sundays will be disbursed on the subsequent working day.

The following are the benefits of availing a loan from Creditbazzar

Quick loans: With an online application and minimal documentation, Creditbazzar provides the fastest solution for your financial requirements by giving a quick approval and instant transfer of funds to your bank account.

Unsecured loan: The instant loans do not need any security as they are unsecured loans.

Interest rate: The loan will be provided for a period of 30 days and in special cases up to 61 and a maximum of 90 days. The personal loan interest rate ranges from 0.1% to 1% per day depending on the credit profile of the customer.

Tenure: Instant loans at Creditbazzar are for a short term. The loans are generally given for a period of 30 days at 30% interest. In special cases, the tenure can be extended to 61 days or a maximum of 90 days. The tenure is kept short in order to avoid burdening you with mounting interest. You can avail small amounts or affordable amount within the maximum range permitted by the Company. The short tenure and limited amount is to ensure that you can come out of the debt as quickly as possible and also reduce the interest burden.

Charges: The charges are made known at the time of applying for the loan. No other charges other than the listed charges will be collected. There are no hidden charges and the whole loan process is transparent.

Round-the-clock accessibility: You can access the website and apply for the loan any time throughout the year and even on holidays and Sundays. If the loan is applied on a holiday, the disbursement will be done on the subsequent working day.

Customer support: You will be able to contact the customer support team 24 hours a day and even on holidays and Sunday

Creditbazzar provides different types of loans to suit your requirement and the features of the loans are as enunciated below.

To apply for a loan through Creditbazzar you will have to register as a borrower and sign in by accessing their official website.  During the registration process you will have to provide the following information.

• The first and last name
• Gender
• City and State of location
• Email Address
• Mobile Number
• Date of birth.

On completion of the registration, you will have to choose the loan amount and the tenure on the slider provided. You should then upload soft copies of the required documents. Once the information and documents are provided, the processing and communication of approval take a few minutes. On approval of the loan application, the borrower has to execute a loan agreement and thereafter the amount will be directly credited to the bank account. The whole process will not take more than 2 hours.

The following are the documents required for the various loans through Creditbazzar.

Residence Proof: Aadhar Card, Voter?s Id Card, Driving Licence, Leave and Licence Agreement or any other Government Identification.

Photo Id Proof: Pan Card, Passport, Aadhar Card, Driving Licence.

Income Proof for salaried individuals: Latest salary slips for the last three months and bank account statement for the last 3 months of salary account.

Income Proof for the self-employed: Financial statements like the balance sheet and Profit and loss account and bank account statement for the last 3 months of an operative account.

Other documents: 3 security cheques

The personal loan eligibility criteria for the different types of loans through Creditbazzar are as follows

• Personal loan for salaried individuals, as well as the self-employed, are eligible for the loan.
• The loan is provided only for resident Indians.
• The age of the applicant should be 18 years and above.
• The applicant should have a regular source of income to make the repayment of the loan.

Creditbazzar has partnered with leading financial institutions like public sector banks, private banks, NBFCs, multinational banks and private finance companies.

Instant personal loans can be utilsied for multiple purposes like medical exigencies, for paying credit card bills, for paying utility bills, to make up for missed out EMIs, for any other expenses that arise before the payday. It can also be used for any additional operating expenses of a small size businesses.

Along with the loan agreement, the borrower has to sign a NACH mandate for auto-debit of the loan amount on the due date. Also, the borrower has to submit 3 security cheques that will be utilized in case of default or delay in repayment of the loan.