CreditSea Loan
Get instant online personal loans up to ₹2 Lakhs for your last-minute financial needs with CreditSea. Repay conveniently over a 3 to 36 month tenure. The interest rate for the Credit Sea loan starts at 14% per annum, and a processing fee starting from 2% of the loan amount is also levied.
CreditSea Personal Loan Details
Below are the key details of the CreditSea loan:
| Loan Amount | ₹10,000 - ₹2 Lakhs |
|---|---|
| Tenure | 3 - 36 months |
| Interest Rate | 14% - 36% p.a. |
| Processing Fee | 2% – 4.5% of loan amount |
| Loan Disbursal TAT | Within 2 hours of approval |
Features & Benefits of Credit Sea Loan
Below are some of the attractive features of a personal loan available on the Credit Sea loan app:
- Instant decision and quick approval.
- Collateral-free funds up to ₹2 lakh disbursed within minutes of approval.
- Flexible repayment tenure ranging from 3 to 36 months.
- Backed by RBI-licensed Non-Banking Financial Company (NBFC) partners.
- Expert guidance throughout your loan tenure.
- 100% digital process.
- Loan EMI Calculator available on the lender’s website for instant EMI calculation.
- Repayments can be made through UPI, net banking, debit card, auto-debit, or the CreditSea website.
- Foreclosure and part prepayment of the loan are available.
CreditSea Personal Loan Interest Rates & Charges
The interest rate, processing fee, and other charges associated with the CreditSea loan app are mentioned below:
- Interest rate: 14% - 36% p.a.
- APR: 16% - 50% p.a.
- Processing fee: 2% - 4.5% of the loan amount.
- Foreclosure charges: 4% of principal outstanding + applicable GST.
- Part prepayment charges: 4% of principal prepaid + applicable GST.
- Late payment fee: ₹500 or 3% of the overdue amount (whichever is higher).
- Bounced payment fee: ₹500 + GST.
- Mandate rejection charges: ₹250 + GST.
- Penal charges: Up to 36% p.a. on principal overdue + applicable GST, wherever applicable.
Compare CreditSea Loan App with Other Loan Apps
Below is the comparison table for the CreditSea personal loan app with other loan apps:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| CreditSea Loan | 14.00% p.a. onwards | ₹10,000 - ₹2 Lakhs | 3 to 36 Months |
| SalaryOnTime | 0.25% per day onwards | ₹10,000 - ₹1,20,000 | Up to 12 Months |
| Zype | 18.00% p.a. onwards | ₹3,000 - ₹5 Lakhs | 6 to 36 Months |
| Loanwalle | 2.91% p.m onwards | ₹10,000 - ₹3 Lakh | 12 to 36 Months |
| Squid Loan | 0.9% per day onwards | ₹5,000 - ₹1 Lakh | 7 to 365 Days |
| LoanPey | 2.00% p.m onwards | ₹5,000 - ₹1 Lakh | 3 to 12 Months |
| Creditt+ | 0.3% - 0.6% per day | ₹8,000 - ₹35,000 | Up to 3 Months |
| Click My Loan | 12.00% p.a. onwards | ₹6,000 - ₹10 Lakh | 6 to 60 Months |
| TrustPaisa | 18.25% p.a. onwards | ₹2,500 to ₹45,000 | 3 to 6 Months |
| RING | 3.8% p.m. onwards | ₹5,000 - ₹5 Lakh | 3 to 36 Months |
Credit Sea Loan Eligibility Criteria
Below are the eligibility criteria for the CreditSea loan:
- Age: Between 21 and 55 years.
- Nationality: Must be an Indian citizen.
- Minimum monthly income: ₹18,000 in metro cities and ₹15,000 in non-metro cities.
- Work experience: At least 1 year in the current job or profession.
Documents Required for CreditSea Loan
You only need the following documents to apply for a CreditSea loan:
- PAN card photo
- Aadhaar card
- Last 6 months' bank statements
- Selfie (eKYC)
- Address proof
- Disbursement bank account details
- eNACH/ UPI e-mandate
- Aadhaar-linked mobile number
Steps to Apply for CreditSea Loan Online
Here are the easy steps to apply for the CreditSea loan online:
- Fill out a quick online loan application form with basic personal and financial details.
- After your details are reviewed, CreditSea will share your loan offer for approval instantly.
- Once you accept the offer, CreditSea will credit the loan amount to your bank account within minutes.
CreditSea Customer Care Details
You can contact the CreditSea customer care team through any of the following ways:
- Call: +91 8827973499
- Email: help@creditsea.com
FAQs
CreditSea is a genuine app that offers instant personal loans up to ₹2 Lakhs.
You can get a CreditSea loan anywhere between ₹10,000 and ₹2 Lakhs depending on your eligibility.
CreditSea does not have its own RBI license. However, it operates as a digital platform partnered with RBI-registered NBFCs to provide loans.
The interest rate on a CreditSea Loan ranges from 14% to 36% p.a.
CreditSea disburses the loan within 2 hours of approval.
Yes, the CreditSea loan app is safe, as it ensures data security through bank-grade encryption, keeping all your personal and financial information safe.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
Director- MyMoneyMantra FinTech| A senior retail and commercial banking professional, adept at handling Business Development, Sales Planning & Growth, Product Strategy, Marketing Operations and Client advisory services phygitally.