ZapCash Loan
ZapCash digital loan facilitation platform that offers instant personal loans up to ₹5 Lakhs at low interest rate starting from 12% p.a., with a 100% hassle-free digital process. The approved amount gets credited to your account directly. The repayment tenure is flexible, ranging from 3 to 60 months. You can use the loan amount for any personal purpose.
ZapCash Personal Loan Details
The following are the key details of the Zap Cash loan:
| Loan Amount | ₹10,000 - ₹5 Lakhs |
|---|---|
| Interest Rate | 12% - 30% p.a. |
| Tenure | 3 – 60 months |
| Processing Fee | Up to 5% of principal amount + GST |
| Minimum Income | ₹16,000 per month |
Features & Benefits of Zap Cash Loan
The main features and benefits of the ZapCash loan are as follows:
- The loan amount ranges from ₹10,000 to ₹5 lakh.
- Loans are sanctioned by ZapCash’s RBI-registered NBFC partners.
- Flexible repayment tenure varies between 3 and 60 months.
- Approved funds are disbursed by NBFC partners directly to your bank account.
- No collateral security is required to get a loan.
- Foreclosure and part prepayment facilities are available.
- Funds can be used for medical emergencies, travel, education, or personal expenses.
ZapCash Loan Interest Rates & Charges
The interest rates and charges associated with the Zap Cash loan are mentioned below:
- Interest rates: 12% to 30% p.a., may vary based on credit profile, eligibility, and risk assessment.
- Processing fee: Up to 5% of the principal amount + GST.
- Maximum Annual Percentage Rate (APR): 45%.
- Late payment charges: As per the loan agreement.
Compare ZapCash Loan App with Other Loan Apps
Below is the comparison table for the ZapCash Loan app with other loan apps:
| App | Loan Amount | Starting Interest Rate | Tenure |
|---|---|---|---|
| ZapCash | ₹10,000 - ₹5 Lakhs | 12.00% - 30.00% p.a. | 3 to 60 Months |
| Salary Setu | ₹5,000 - ₹1 Lakh | 1.00% per day | 36 Days |
| CreditSea | ₹10,000 - ₹2 Lakhs | 14.00% p.a. onwards | 3 to 36 Months |
| Salary Adda | ₹10,000 - ₹1 Lakh | 0.9% p.m. onwards | 61 to 365 Days |
| Dhan Pocket | ₹5,000 - ₹1 Lakhs | 0.50% per day onwards | 7 to 90 Days |
| Ram Fincorp | ₹1,000 - ₹2 Lakhs | 2.00% p.m. | 2 to 12 Months |
| Jet Fund | ₹5,000 - ₹1 Lakh | Up to 3% p.m. | 91 to 365 Days |
| Rupee112 | ₹20,000 - ₹5 Lakhs | 35.00% p.a. APR | 61 to 365 Days |
| Fundo Baba | ₹5,000 - ₹1 Lakh | 15% - 35% APR | 61 to 365 Days |
| F1 Speed | ₹5,000 - ₹1 Lakh | 1.25% - 2.92% p.m. | 61 to 365 Days |
Zap Cash Loan Eligibility Criteria
Below are the Zap Cash loan eligibility criteria:
- Age: At least 21 years old.
- Employment type: Salaried or self-employed.
- Minimum monthly income: At least ₹16,000 or above.
- Mobile number: Aadhaar-linked mobile number for verification.
- Citizenship: Indian resident with valid KYC documents.
- Bank account: Must maintain an active bank account in your name.
Documents Required for ZapCash Loan
To apply for the ZapCash loan, you will need the following documents and details:
- Personal details: Your phone number, address, and current employment status.
- Income proof: Bank statements for the last 3 months in PDF format.
- Identity proof: PAN Card and Aadhaar Card for digital verification.
- Face KYC: A clear front-facing photograph taken from the ZapCash app.
*Additional documents may be requested based on the type of loan and internal policies.
Steps to Apply for Zap Cash Loan Online
Below are the easy steps you need to complete to apply for the ZapCash loan online:
- Download the ZapCash app and sign up with your mobile number.
- Verify your PAN and basic details.
- Complete the 100% digital KYC process.
- Select the desired loan amount and repayment tenure.
- Review and accept the loan agreement.
- Receive funds directly in your bank account.
ZapCash Customer Care Details
- Customer support email ID: care@zapcash.in
- Customer support phone: 8503090309
- Grievance email ID: grievance@zapcash.in
- Grievance phone: 7665466546
FAQs
Zap Cash is a real app that offers instant personal loans up to ₹5 Lakhs through its RBI-registered NBFC partners.
You can get anywhere between ₹10,000 and ₹5 Lakhs from ZapCash, depending on your eligibility and requirements.
The interest rate on a ZapCash Loan ranges from 12% to 30% p.a.
No. However, ZapCash is a digital loan facilitation platform that partners with RBI-registered Non-Banking Financial Companies (NBFCs) to offer personal loans to eligible customers.
ZapCash Loan is available for salaried employees as well as self-employed individuals.
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.