Zype Loan

The following are the key highlights of personal loans availed through the Zype loan app:

The following are the attractive features and benefits of the Zype instant personal loan app:

• Instant personal loans ranging from ₹3,000 to ₹5 Lakhs are available in just 6 minutes.
• Get collateral-free loan approval in just 60 seconds with minimal documents.
• 100% digital process.
• Instant disbursal online.
• Personal loan interest rates start from as low as 1.5% per month (18% p.a.).
• Processing fee ranges from 2% to 6% of the sanctioned loan amount.
• Flexible repayment tenure of 6 to 36 months to manage your budget easily.
• No paperwork is required. Just apply, sign, and get funds online.
• Zype is a safe and RBI-compliant lending app. 
• Availability of online Personal Loan EMI Calculator.
• Zero prepayment charges.

• Interest rate: Zype personal loan interest rates range from 18% to 34% per annum.
• Processing fee: Ranges from 2% to 6% of the loan amount.
• Prepayment charges: Nil
• Overdue interest: Will be charged daily on the total overdue outstanding amount in the event of EMI payment delay, in line with the lender’s Board-approved policy. 
• Late payment penalty: Up to ₹48 per day, maximum ₹2,500 per loan (depending on the amount).
• Other charges: Stamp duty & mandate rejection charges may apply as per statutory and institutional policies.

Below is the comparison table for the Zype loan app with other loan apps:

Zype loan eligibility criteria are mentioned below:

• Nationality: The applicant must be an Indian 
• Age: The applicant must be aged 18 to 58 years.
• Occupation: The applicant must be a salaried employee.
• Minimum monthly salary: The applicant must have a minimum net monthly income of ₹15,000 to ₹20,000 (depending on lender/location).
• Employment & monthly income: The applicant should have a stable income source
• Minimum V3 bureau score: A good credit score is essential, and a minimum bureau score above 650 - 700 is typically needed to qualify for the loan.

Documents required for a Zype loan are as follows:

• Identity proof: PAN Card
• Address proof: Aadhaar Card
• Income proof: Recent salary slip or bank statement for the last 3 to 6 months showing salary credit 
• Bank details: Bank account details for personal loan disbursal and setting up e-Mandate.

You can apply for a Zype personal loan online through the following easy, simple steps:

• Download the Zype app from your mobile’s Play Store.
• Register using your mobile number and enter basic details such as your name, PAN number, employment type, etc. 
• Get approved for a personal loan from Zype within 60 seconds based on your credit profile and income details.
• Add your Aadhaar details and complete a selfie-based verification to complete the KYC.
• Now select the desired loan amount and tenure option.
• Digitally sign the loan agreement. 
• Set up the e-mandate for auto-repayment of EMIs. 
• Get the money directly transferred to your registered bank account instantly.

You can contact the Zype customer care team through any of the following ways:

• Zype customer care number: 080654 20207 (Monday – Friday, 10:00 AM – 7:00 PM)
• Zype customer care email ID: support@getzype.com