CreditSea Personal Loan

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. 

CreditSea offers personal loans at a reduced rate method. Currently, CreditSea personal loan interest rates range from 24% to 36% p.a. Apart from the interest rate, a processing fee of 3% to 4% of the sanctioned loan amount plus applicable GST will be levied.

• Processing fees: 3% to 4% 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

Currently, CreditSea offers EMI loans ranging from R. 10,000 to Rs. 2 Lakhs with a tenure of 3 months to 24 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

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. 20,000.
• 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. 30,000.
• 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.

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)