CreditSea Personal Loan
CreditSea offers fully digital personal loans up to Rs. 2 Lakhs for salaried individuals. CreditSea personal loan is offered at an interest rate of 14.00% p.a. and a nominal processing fee of 2% to 4.5% + GST. Funds directly to your bank account in 2 minutes
Apply for CreditSea Personal Loan @ 14.00% Interest Rates
Key Features of CreditSea Personal Loan
| Loan amount | Rs. 20,000 - Rs. 2 Lakhs |
| Maximum loan capping for NTC (-1/0) | Rs. 30,000 |
| Loan repayment tenure | 3 - 24 months |
| Interest rate range | 14.00% p.a. (reducing rate) |
| Processing fees | 2% - 4.5% + GST |
| Soft approval TAT | 30 minutes |
| Final approval TAT | 24 hours |
| Disbursement TAT | T+1 day after E-Nach success |
| FOIR eligibility | 40% for Rs. 15,000 to Rs. 25,000 salary, 50% for Rs. 25,000 to Rs. 35,000 salary, and Rs. 60% for salary above Rs. 35,000 |
| Age | 23 - 53 years |
| Income | Above Rs. 15,000 |
CreditSea Personal Loan Interest Rates
CreditSea offers personal loans at a reduced rate method. Currently, CreditSea personal loan interest rates range from 14.00% p.a. Apart from the interest rate, a processing fee of 2% to 4.5% of the sanctioned loan amount plus applicable GST will be levied.
Fees and Charges CreditSea Personal Loan
- Processing fees: 2% to 4.5% of the sanctioned loan amount + applicable GST
- Preclosure charges: 4% of the remaining balance
- Bounce charges: Rs. 500 + applicable GST
- Late payment interest penalty: 3% per month
Types of CreditSea Personal Loan
Currently, CreditSea offers EMI loans ranging from R. 10,000 to Rs. 2 Lakhs with a tenure of 3 months to 36 months. However CredistSea personal loans can be classified under three categories based on the customer’s need i.e.:
- Roadside Emergency Loan
- Medical Emergency Loan
- Any Purpose Loan
Eligibility Criteria & Documents Required for CreditSea Personal Loan
You will be required to meet the following criteria to be eligible for a CreditSea personal loan:
- Customer profile: CreditSea offers instant monthly net salary-based loans for salaried customers.
- Customer age criteria: 23 to 53 years old.
- Monthly net salary: Above Rs. 15,000.
- Minimum credit score: A CIBIL score above 650. Customers with a CIBIL score of -1/0 (NTC) are also allowed to avail of CreditSea personal loans with a maximum loan amount capping of Rs. 2,00,000.
- Banking type: Savings Account or Current Account.
- Current address ownership type: Owned or rented.
- Reference check via call (not guarantor): 2 references (friends or colleagues) + 1 blood relative or spouse.
Documents required for CreditSea personal loan:
- KYC and selfie: PAN and Aadhaar (additional address proof if the address is different from PAN and Aadhaar).
- Bank statement: The latest 6 months of salary credit bank statement (PDF/AA/Net Banking).
- Salary slips: The latest 3 months' salary slips.
Apply for CreditSea Personal Loan Online
CreditSea personal loan application can be completed in a fully digital journey. You can apply for a personal loan by visiting CreditSea’s website or app, filling in your details, and completing the necessary KYC and underwriting processes. Just follow the 3 simple steps mentioned below:
- Create your profile: Complete your profile with some basic details on CreditSea.
- Upload your KYC: Submit the necessary documents.
- Loan received: Get your loan within 5 minutes.
You can apply for the CreditSea personal loan via by dialing the helpline number of CreditSea, through Whatsapp or from our online portal.
| 8827973499 | |
| Helpline Number | 8827973499 |
| Through MyMoneyMantra | Apply Now |
How to Calculate CreditSea Personal Loan EMI?
You can use the Cash Loan Calculator or EMI Calculator available on the official website of CreditSea to calculate your CreditSea personal loan EMI. You will require the following three basic inputs for calculation:
- Loan amount
- Interest
- Tenure (in months)
FAQs
You can apply for a personal loan by visiting CreditSea’s website or app, filling in your personal information, and completing the KYC and underwriting processes.
CreditSea guarantees a loan disbursement process within 2 hours during office hours.
You must be earning between Rs. 20,000 to Rs. 2 Lakhs to be eligible for a CreditSea personal loan.
CreditSea persona loan interest rates vary between 14.00% per annum.
If there is any delay in your CreditSea personal loan payment, you will be charged a late payment interest penalty of 3% per month.
Yes, you can preclose your CreditSea personal loan. However, preclosure charges of 4% of the remaining balance will be applicable.