Kreditzy Loan

A loan available at the time of need without any collateral security by submitting an online application is an instant online loan. Kreditzy has been instrumental in devising an internet platform for salaried and self-employed individuals to avail a loan from 1000/- to 1.00 lakh for various purposes within minutes by placing an online request through an online application. All you have to do is to fill up the application with your personal details, upload KYC documents, provide a reference and bank account details. The credit assessment will be by collecting information regarding your financial status, personal status, employment status through various data points and analyzing and drawing a credit score through a tech-based assessment tool. Kreditzy has revolutionized the credit scenario by introducing the facility of availing loans within minutes with the click of a button.

Availing a loan from Kreditzy has various advantages as mentioned below:

Small-ticket to Big-ticket loans: Kreditzy gives you the option of availing a small-ticket loan to the extent of 1000/- to a big-ticket loan up to 1.00 lakh. You can assess your requirement and avail a loan accordingly. This makes the repayment easy and affordable instead of burdening you with an unaffordable debt. You can repay the loan and avail a loan again. Personal Loan can be availed multiple times as long as the earlier loan is repaid in full within the maturity date.

Simple and minimum documentation: The filling up of loan application, providing the required documents for processing the loan application, execution of documents and the disbursement are all done online. The process is simple and 100% paperless. This expedites the disbursement of the loan. The required amount will be credited to your account within 15 minutes of raising a request.

Rate of interest: The rate of interest is based on tenure. The rate of interest for a short tenure i.e., up to 30 days is between 18% to 35.95% p.a. whereas the rate of interest for longer tenure i.e., beyond 30 days will be 29.95% p.a.

Fast disbursement:You can apply for an online personal loan and have the funds in your account within 10 minutes. The entire process from registration to disbursement of the loan takes only 10 minutes.

Collateral-free: You will not have the hassle of providing a personal guarantee or any other collateral security to avail a personal loan from Kreditzy as the loan provided is an unsecured loan.

Kreditzy with its internet platform to avail a personal loan has made credit availability hassle-free and seamless.

The features of the personal loan from Kreditzy are as follows:

Purpose:The range of loan available is between 1000/- to 1.00 lakh which makes it a versatile loan purpose wise. It can be used for paying utility bills as low as 1000/- to the purchase of a high-end gadget or a vehicle which could range from 25000/- to 1.00 lakh. The loan can be used for any purpose like paying school fees, for servicing of your vehicle, for a family holiday, for the purchase of a gift, for minor repairs to your house, etc.

Quantum: Kreditzy will provide a small-ticket to a big-ticket loan ranging from 1000/- to 1.00 lakh.

Interest:The rate of interest for a loan payable within 30 days will be between 18% to 35.95% p.a and for a loan payable in months that is beyond 30 days the interest will be charged at 29.95% p.a.

Repayment:The loan can be repaid within 30 days to 12 months.

Processing charges: Processing charges depend on the repayment period chosen. It ranges from 100/- to 1000/-. The processing charges are charged at a flat rate.

Pre-payment charges: The loan can be pre-paid at any time without any penalty.

To apply for a personal loan through Kreditzy, you will have to download the mobile application through the Google Play Store. You will have to register through facebook or google, check eligibility, perform the KYC ordeal, and Provide transaction details. This completes the application process and the amount will be credited to your bank account.

The whole process takes just 10 minutes. The steps that are to be completed are explained in detail below:

Registration:

• You will have to sign up to the Kreditzy app using google or facebook account.
• Enter your name, contact number and Email ID and confirm the same.

Eligibility check

• Enter your Pan No.
• Provide basic details like monthly income, date of birth and the pin code of your current location.

Complete the KYC

• You will have to upload the KYC documents
• Provide your current address, permanent address and your marital status and confirm the same.
• You should provide a reference and contact details of the reference.

Make available transaction Details

• Provide the details of your bank account.
• Complete documentation by affixing e-signature

Disbursement

• The amount will be credited to your bank account within 15 minutes.
• Make repayments promptly within the due date and become eligible for higher limits.

Documents required

The documents required for Kreditzy are:

KYC documents: Pan Card, Aadhar Card Voter's ID Card, Passport, etc

For address proof and photo Id Proof any one of the above can be submitted. Submission of Pan Card is mandatory as Pan Card is required for checking the credit score and other parameters related to your financial status.

The following are the eligibility criteria for loans through Kreditzy:

• The applicant should be a resident Indian
• The applicant should belong to the age group of 21 years to 45 years
• The minimum monthly income required is 10000/-
• A minimum work experience of 3 months with the current employer will be required
• Both salaried and the self-employed are eligible for the loan.

Kreditzy has parterned with leading financial institutions like private and public sector banks, NBFCs and other Private Finance Companies to provide easy credit to its customers. Kreditzy has also partnered with Krazybee Services Private Limited to provide personal loans within the quickest turnaround time to its customers.

Things you can use the instant online loan for

The instant online loan from Kreditzy can be used for various purposes. The loan can be used for short-term emergencies of small size like payment of utility bills, providing for missed out EMIs, school fees, vehicle servicing, etc. It can also be used for planning a family holiday, buying a gift for your loved ones, for the purchase of high-end gadgets or consumer durables, for shopping, to pamper yourself in a Spa, to enroll for fitness training, for minor repairs and renovations to your house, for business requirements, etc.

The loan can be repaid through the Repayment option on the Kreditzy app. Online payment can be done through net banking, debit card, Paytm Wallet, UPI, and Bank Transfer. All other payment options will attract convenience fees depending on the amount except Bank Transfer. It is recommended to make the payment through bank transfer to avoid convenience fee which will again add up to the cost of your loan.

The other option would be auto-debit instructions to your bank account. This will be effective only if you have provided the auto-debit details to Kreditzy and you have got a confirmation that the auto-debit is set up to your account successfully.