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ID: com.creditt

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The description of Creditt - Instant loan online


- Instant personal loans from ₹ 5,000 to ₹ 30,000
- Sanctions in just 30 mins
- Interest rate ranges from 20%
- Maximum 36% per annum based on the product availed
- Tenures is 90 days to 180 days based on eligibility
- Processing fees start at just ₹ 350 and the maximum is 3% whichever is
higher
- No membership or upfront fees Representative cost of a Creditt’s Instant

Personal Loan:
Loan amount is ₹10,000 & interest rate of 20% per annum
Loan Duration: 90 days;
Total personal loan interest: ₹334 (₹10,000 x 20%/365 x 90 = ₹493)
Processing Fees: ₹350 (inclusive of GST)
Total Applicable Deduction: ₹350
In-hand Loan Amount: ₹10,000 (loan approved) - ₹350 (processing charge) = ₹9,650
Monthly EMI Repayable: (Loan Amount + interest)/(No. Of EMI) = (₹ 10,000 + ₹ 493 = ₹ 10,493 / 3 ): 3498 Monthly repayment
Total Loan Repayment: 13498/- at the end of completion of the loan

Loan Processing fees will be subtracted upfront from the principal amount and the remaining balance is transferred over.

*This is an indicative calculation, interest and other charges varies based on the Creditt profile

No credit history is required and no prepayment charges at all.

Creditt uses a proprietary scoring engine to evaluate the scoring to provide the best experience to the users in the need for an instant loan.

Cities/States in which Creditt App is available. The exception to certain pin-codes which are still non-operational from below list

*Customers having below mentioned Cities/States on their Aadhaar
Card are eligible for applying an instant loan


Mumbai
Thane
Pune
Delhi
Gujarat
Bangalore
Chennai
Coimbatore
Kolkota
Nagpur
Udaipur
Mysuru
Ghaziabad
Noida
Gurugram

Document required
• Aadhaar card needed to register
• Customers will get the loan according to the Address mentioned on their Aadhaar Card
• Active PAN card needed to apply for a loan

How Creditt app works?
• Register using Aadhaar and mobile number
• Avail a loan in 4 simple steps
• On approval, loan amount transferred into the bank account in real-time

Data Security & Privacy
• All the data are secure and safe with us
• Phone contact list will be uploaded to Creditt server
• SMS will be uploaded to Creditt servers and monitor only your financial
transactional SMS about bank-related transactions, the names of the
transacting parties, a description of the transaction and the amount of
the transaction for the purpose of performing credit risk assessment.

APR and other Charges
The APR charged to the customer varies on the basis of the different products availed and the risk profile of the customer. The APR for different personal loan products: for Buy Now, Pay later loans 0%-27%, for Personal/Cash loans 18%-33%. The penalty is charged only when someone delays their scheduled payment. In addition, GST will be applicable only on the fee components as per Indian laws.

NBFC Details

• Partnered NBFC
1. Datson Exports LTD
2. Sampati Securities LTD

• RBI NBFC Registration Number
1. Datson Exports LTD - 05.00683
2. Sampati Securities LTD - 01.00214
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  • Category

    Finance
  • Get it on:

    Go Google Play com.creditt
  • Requirements:

    Android Varies with device+

Creditt - Instant loan online Varies with device APK for Android Varies with device+

Version Varies with device for Android Varies with device+
Update on 2022-10-07
Installs 1.000.000++
File size 29.328.384 bytes
Permissions view permissions
What's new What's New
- Performance Enhancements
- Bug Fixes

FAQs

  • A credit application is an application filed by a prospective borrower and submitted to a credit lender. A credit application can be submitted in writing either through online and offline modes or orally in person at the lender's premises. ... Some lenders may charge a fee to process credit applications.
  • The best alternative is Equifax. It's not free, so if you're looking for a free alternative, you could try WalletHub or Credit Sesame. Other great apps like Credit Karma are TransUnion SmartMove (Paid), SuperMoney (Free Personal), ClearScore (Free) and CreditPro Mobile Guide (Free).
  • MyFICO allows you to see and manage the score that your lender will most likely consider when you apply for a mortgage or an auto loan. MyFICO also allows you to view your updated credit reports from all three bureaus—Experian, Equifax and TransUnion.
  • Licenced By RBI: Creditt is an RBI Registered NBFC : Datson Exports Ltd that makes you feel safe and secured while transacting with us.

    • PaySense. This is one of the best instant loan apps without salary slips, and it has recently merged with LazyPay to become one of the best platforms in this field. ...
    • MoneyTap. This is one of the fastest instant loan apps in India. ...
    • Dhani. ...
    • Nira. ...
    • CASHe. ...
    • Home Credit. ...
    • PayMe India. ...
    • India Lends.
  • It is a racket in which instant personal loans are offered through mobile apps at exorbitant interest rates by unauthorised lenders. Of the numerous apps that are available on Google PlayStore, most do not have any tie-up with any bank or Non-Banking Financial Institution.
  • Personal Loan Banks. State Bank of India (SBI) SBI Saral - Personal Loan is the answer when you need finances. ... ICICI Bank. ICICI Bank Personal Loans are easy to get and absolutely hassle free. ... Standard Chartered. ... Axis Bank. ... TATA Capital. ... Reliance Consumer Finance. ... HDB Financial Services.
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