Kredito24 Loan
Kredito24 is a personal loan platform that offers an instant loan of ₹1,000 to ₹5 lakh to both self-employed individuals and salaried professionals. Users can apply for a Kredito24 Loan online in a completely paperless process. The borrowed loan amount can be repaid within a 62-day tenure at a competitive interest rate of 0% to 6% per month.
Kredito24 Personal Loan Details
Below are the key details of the Kredito24 personal loan:
| Loan Amount | ₹1,000 - ₹5,00,000 |
|---|---|
| Interest Rate | 0% to 6% per month |
| Processing Fee | 0% – 19.74% of the loan amount |
| Repayment Tenure | Up to 62 days |
Features & Benefits of Kredito24 Loan
Here are the key features of a Kredito24 loan:
- 100% Digital Process: End-to-end online application and OTP e-signing with zero physical paperwork.
- Fast Disbursal: Instant approval in minutes with direct bank transfer within 24 hours.
- Minimal Documentation: Requires only PAN, Aadhaar, a live selfie, and bank details.
- Collateral-Free: Unsecured personal loan requiring no guarantor or asset pledge.
- Short-Term Flexibility: Loan amounts starting from ₹1,000 over quick, manageable tenures.
- RBI-Regulated Partners: Disbursed securely through RBI-registered NBFC partners.
- Emergency Ready: Ideal for urgent cash needs like medical bills or sudden travel.
- No End-Use Restrictions: Freedom to use funds for any personal requirement.
- Transparent Pricing: Upfront display of interest rates and fees with no hidden charges.
- Higher Repeat Limits: Timely repayment unlocks larger credit limits on future loans.
Kredito24 Loan Interest Rates & Charges
The interest rate and other charges applicable to the Kredito24 loan are mentioned below:
- Interest rate: Ranges from 0% to 6% per month.
- Maximum Annual Percentage Rate (APR): 73%.
- Annual Percentage Rate: 0% to 1150%
- Processing fee: 0% to 19.74% (including GST).
- Service fee: 0% to 42.21% (including GST).
Compare Kredito24 Loan App with Other Loan Apps
Below is the comparison table for the Kredito24 loan app with other loan apps:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| Kredito24 | Maximum 6.00% p.m. | ₹1,000 - ₹5 Lakh | Up to 62 Days |
| Credit Saison | 12.00% p.a. onwards | ₹15,000 - ₹10 Lakh | 3 to 36 Months |
| Salary Now | 36.00% p.a. onwards | ₹3,000 - ₹10 Lakh | 61 to 365 Days |
| MoneyWalle | 12.00% p.a. onwards | ₹5,000 - ₹1 Lakh | 62 to 365 Days |
| BharatLoan | Maximum 2.9% p.m. | ₹5,000 - ₹5 Lakh | 61 to 365 Days |
| Rupee Raftaar | 12.00% p.a. onwards | ₹5,000 - ₹5 Lakh | 3 to 24 Months |
| Rupee112 | 35.00% APR | ₹20,000 - ₹5 Lakh | 61 to 365 Days |
| SalaryOnTime | 0.25% per day onwards | ₹10,000 - ₹1.2 Lakh | Up to 12 Months |
| Zype | 18.00% p.a. onwards | ₹3,000 - ₹5 Lakh | 6 to 36 Months |
| Loanwalle | 2.91% p.m. onwards | ₹10,000 - ₹3 Lakh | 12 to 36 Months |
Kredito24 Loan Eligibility Criteria
Kredito24 loan eligibility requirements are listed below:
- The applicant must be 22 years old and above.
- The applicant must have a stable income.
- The applicant must be an Indian resident.
- The applicant must have an active bank account number in their name for the deposit of approved loan proceeds. This account should not be opened for payroll transfers.
Documents Required for Kredito24 Loan
- The applicant must have a personal active bank account.
- The applicant must provide Aadhaar.
- The applicant must provide PAN.
Steps to Apply for Kredito24 Loan
You can apply for the Kredito24 loan in the following 4 easy steps:
- Download the Kredito24 mobile app or go to the main page of their website.
- Fill out all the information correctly on the Kredito24 website/ mobile app, which will shorten the processing time and enhance your chance of loan approval.
- Confirm the loan agreement by the OTP message sent to your registered mobile phone number.
- Kredito24’s verifiers will contact you to confirm the information. Please ensure your availability for incoming phone calls.
Kredito24 Loan Customer Care Details
Reach the Kredito24 customer care team through any of the following channels:
- Kredito24 Customer Care Numbers: +91 124 692 0540/ +91 124 692 0541
(9:00 - 18:00, Monday - Friday) - Kredito24 Customer Care Email: care@kredito24.in
FAQs
No, Kredito24 is not RBI registered.
The maximum loan amount offered by Kredito24 is ₹5 Lakhs.
Yes, it is generally safe to use, as Kredito24 is technically listed in the Reserve Bank of India's (RBI) public directory of Digital Lending Apps (DLAs).
The interest rate on a Kredito24 Loan ranges from 0% to 6% per month.
Yes, you can potentially get a personal loan from Kredito24 even with a low CIBIL score or a limited credit history.
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.