Olyv Loan
Olyv (formerly SmartCoin) app provides 100% digital personal loans up to Rs. 5 Lakhs at attractive interest rates starting from just 1.5% per month. The Olyv loan can be repaid within a tenure of 2 to 24 months. A minimal processing fee of 3% of the loan amount (inclusive of GST) is also charged by the lender. The Olyv personal loan involves a paperless online process with direct transfer to your bank account in minutes. You can stay on top of your credit health by monitoring your credit score for free.
Apply for SmartCoin Personal Loan at 18.00% Interest Rates
Olyv Smartcoin Personal Loan Details
The key details of personal loans offered by the Olyv loan app are as follows:
| Loan Amount | Up to Rs. 5 Lakhs |
| Interest Rate | Starting at 1.5% per month |
| APR | 30% to 90% p.a. |
| Tenure | 2 to 24 months |
| Processing Fee | 3% of loan amount |
| Disbursal TAT | 72 hours post approval |
| Minimum Monthly Income | Rs. 15,000 |
Features & Benefits of Smartcoin Loan (Now Olyv)
The following are the key features and benefits of the Olyv Smartcoin personal loan:
- Get an instant Smart Coin maximum loan amount up to Rs. 5 Lakhs.
- RBI-registered lenders.
- Involves a 100% digital loan application journey.
- No collateral or paperwork required.
- Minimum period for repayment is 2 months and maximum 24 months.
- Pre-approved Olyv personal loan offers.
- Flexi EMIs and interest starting at just 1.5% per month.
- The processing fee is 3% of the loan amount (including 18% GST).
- APR of personal loans taken through the Smartcoin App (now Olyv) ranges from 30% to 90%.
Olyv Loan Interest Rates & Charges
The details of personal loan charges availed through the Smartcoin loan app are as follows:
- Interest rate: Starting at 1.5% per month
- Processing fee: 3% of loan amount (including 18% GST)
- Foreclosure charges: 2% to 5% of the outstanding principal
Compare Olyv App with Other Loan Apps
Below is the comparison table for the Smartcoin loan or Olyv personal loan with other personal loan apps:
| App | Loan Amount | Rate of Interest | Tenure |
|---|---|---|---|
| Olyv (SmartCoin) | Rs. 1,000 - Rs. 5 Lakhs | 1.5% per month onwards | 2 months to 2 years |
| Ram Fincorp | Rs. 4,000 - Rs. 2 Lakhs | up to 35% p.a. | 3 months to 1 year |
| FlexSalary | Rs. 500 - Rs. 3 Lakhs | 18% - 36.5% p.a. | Up to 3 years |
| Stashfin | Rs. 1,000 - Rs. 5 Lakhs | 11.99% - 59.99% p.a. | Up to 3 years |
| LoanTap | Rs. 3,000 - Rs. 5 Lakhs | 15% - 32% p.a. | 1 to 5 years |
| KreditBee | Rs. 1,000 - Rs. 5 Lakhs | 17% - 29.95% p.a. | 6 months to 60 years |
| PaySense | Rs. 5,000 - Rs. 5 Lakhs | 14% - 36% p.a. | Up to 2 years |
| mPokket | Rs. 500 - Rs. 50,000 | 0% - 4% per month | Up to 4 months |
| IIFL | Rs. 5,000 - Rs. 5 Lakhs | 12.75% - 44% p.a. | Up to 42 months |
| MoneyTap (Freo) | Rs. 3,000 - Rs. 5 Lakhs | 13% - 18% p.a. | 3 months to 3 years |
Olyv - Smartcoin Loan Eligibility Criteria
You should meet the eligibility criteria mentioned below to get a Smartcoin personal loan:
- The applicant must be a salaried individual.
- The applicant must have a minimum monthly income of at least Rs. 15,000.
- The minimum household income should be at least Rs. 25,000.
*The specific Smartcoin loan eligibility criteria may slightly differ based on the lender’s policy.
Documents Required for Olyv Loan
You will need the following documents to apply for the Olyv loan:
- Identity proof: Aadhar Card, PAN Card, etc.
- Address proof: Rental agreement, utility bills, etc.
- Income proof: Salary slips and bank statements.
*The exact document requirements may slightly differ based on the lender’s policy.
How to Get a Loan from Olyv SmartCoin
If you need a Smartcoin loan apply online by following the easy steps given below:
- Download and open the Olyv mobile app.
- Fill in the online application form with your personal and financial details.
- Choose your preferred lender.
- Upload the required documents.
- Submit your application.
On approval, the loan amount will be transferred immediately as the Smartcoin loan processing time is instant.
Olyv Customer Care Details
- Customer Care Number: +91 9148380504
- Email: help@smartcoin.co.in
- For Grievance Redressal Contact: +91 9986640571 (Moushumi Mukherjee)
- Email: grievance@smartcoin.co.in
FAQs
Yes, Olyv is a Reserve Bank of India (RBI) authorised financial services company and it ensures that its lending practices adhere to the regulatory norms set by the RBI. Olyv prioritises the customer’s data and transaction security.
Olyv loan app is 100% real.
Salaried individual having a minimum monthly income of at least Rs. 15,000 and the minimum household income of at least Rs. 25,000.
The interest rate on the Olyv SmartCoin loan starts from 1.5% per month.
The minimum loan amount offered by SmartCoin is Rs. 1,000.
- Online loan application on the SmartCoin (now Olyv) app.
- Filling out the application and uploading the necessary documents
- AI-powered verification and approval process.
- Disbursal to your bank account within a couple of hours on successful approval.
A good credit score of 650 and above is preferred by the lender to increase the chances of approval.
If you are registering on Olyv for the first time, you have to log in with your name and mobile number. Then, you need to sign up using your Gmail ID. Registered users have to sign in using their Gmail ID used to create their account.