• Credy Instant Personal Loan

    Credy is a technology-driven online financing company that offers personal loan facilities to salaried individuals. You can get financing solutions as per your needs, including loans for education, funds for refinancing your credit card bills, advance on your salary, and emergency loans.

    Credy offers a choice of 4 loan options that are as follows:

    • Instant personal loans: You can use this loan for any personal reason from paying for your wedding to purchasing a vehicle.
    • CredyT Refinancing: You can apply for this loan if you wish to refinance your credit card bill and make repayments at a lower interest rate. Once your application is approved, Credy will clear your credit card dues and you have to repay Credy in cheaper EMIs.
    • Loans for emergency: This loan is meant to cover costs during a medical emergency. Credy offers customised solutions as per your financial capabilities and course structure. The amount can be disbursed as early as 2 days after approval. You can renew your loan.
    • CrEducate: This is an education loan that you can use to further your career, pay your child’s K-12 school fees, their coaching classes such as SAT, JEE, PMT, etc. Or their entrace exam classes such as CAT, CFA, GMAT, etc. Enjoy interest-free EMIs if you choose a partner institute.
    Loan Details
    Interest rate Starts from 1% per month
    Processing fee 3% of the loan amount + GST
    Tenure 3 months to 12 months CredyT Refinancing: 3 months to 12 months
    Loan amount Up to Rs.1 lakh
    Repayment charges 2% of the outstanding loan amount
    Late payment charges 2% of the instalment amount per week

    How it works

    Instant approvals, competitive rates, and tailor-made services are some of the major highlights of Credy's personal financing schemes. You can apply for any loan scheme online or through the app. All financing solutions offered are unsecured loans, so you don’t have to worry about providing collateral or a guarantor. Unlike most other lenders, Credy gives you loans even if you have a low CIBIL score.

    You can only apply for a personal loan from Credy if you are residing in Bangalore, Pune, Chennai, or Mumbai.

    If you are applying for a loan for educational purposes, you must be residing in Bangalore, Mumbai, Kolkata, Hyderabad, Pune, or Nagpur.

    How to apply

    You can either apply via the website or app. First, decide which type of loan you are looking for. Then click on the “Instant Approval” tab found on the homepage. In order to apply for a loan, you will first have to complete registration by providing your financial details that include the following:

    • Your monthly take home salary
    • Your employment status
    • Your current EMI
    • Your credit score

    Then click on the “Next” button to fill in these details:

    • Your reason for the loan application
    • The loan amount you need
    • Your present residence type
    • Choose the address proof you wish to provide
    • Your residential pin code

    Then click on the “Submit” option

    You can then use your Facebook or Google account to register your profile or fill in the following details to complete the registration process:

    • Name
    • Email address
    • Mobile number

    Then choose a password, check the box below providing your agreement to the terms and conditions and then click on Register.

    To apply for a loan, provide the details below:

    • Employment details – This includes your present work experience, information regarding your present company, and your work email ID.
    • Personal details – This includes your address, PAN number, and date of birth.
    • Bank statements for the past 6 months – You can either log into your net banking account and provide the statement or download and then upload your statement.

    This concludes your application process.

    Approval process:

    • A credit officer will review your application and get in touch with you with the loan terms once your loan is approved.
    • You will then have to provide your bank account details so the money can disbursed to your account through IMPS.

    Important note: An executive will visit your home before the disbursal of the loan amount to collect your ID and address proof documents.


    • You need to be a salaried employee with a monthly salary of Rs.15,000 or above.
    • You need to have a valid Aadhar number.
    • You need to apply from Bengaluru, Pune, Chennai, or Mumbai. Loan related to education can be availed from Bengaluru, Hyderabad, Mumbai, Nagpur, Kolkata, and Pune.

    Note: Non-salaried individuals are not eligible for loans from Credy.

    Documents required

    You have to show the one or more of the following documents to the field executive at the time of verification:

    • Proof of identity (Aadhaar card or PAN card)
    • Address proof (voter ID card, passport, bank statements, or utility bills, etc.)
    • Latest 6 months’ salary slips
    • Rent agreement
    • Documents related to closure of previous loans (if you had taken one)

    Features and benefits

    • Instant loan approval and quick disbursement
    • No interest charged for education loans at partner institutes
    • Paperless online application
    • Easy loan renewal process
    • Terms customised based on your financial capabilities

    Credy Customer Care Number and Contact Details

    Name of the business Credy
    Phone Number 080 4680 5616
    Whatsapp number + 91 83104 40201
    Official Mail ID support@credy.in
    Web Address www.credy.in
    Head Office Credy,
    Bengaluru, Karnataka, India


    1. How can I repay the loan amount?

    You can pay through Credy’s payment gateway. If your NACH slip is approved, the instalment amount will be auto-debited from your account.

    2. I have already received my loan. However, I need more funds. Can I apply for a top-up loan?

    Yes, if you are an existing borrower, you can apply for a top-up loan. However, you need to ensure that you have paid more than half the number of EMIs on your pre-existing loan.

    3. What are the consequences of defaulting on my loan?

    If you fail to make timely payments, the service provider has the right to send you a notice to settle the payment. They can call or visit your residence to collect the payment. If you still fail to make the payment, legal action will be taken on the behalf on the lender.

    4. How long will it take for the money to be credited into my account?

    Upon verification, if everything goes fine, the amount will be credited into your account within 48 business hours.

    5. Is it possible to change the EMI dates after the amount is disbursed?

    Yes, the EMI dates can be restructured for up to 3 days. In order to do so, you have to write an email to loanofficer@credy.in requesting to change the dates.

    6. I am self-employed. Am I eligible for a personal loan?

    No. Credy only offers loans to salaried employees. However, you can ask someone else to apply for the loan on your behalf.

    7. Is there any number where I can call to get my queries resolved?

    You can dial 080 3951 2417 or WhatsApp +91 83104 40201 if you have further queries. For loan-related queries, you can send an email to careers@credy.in.

    8. Can I prepay my loan?

    Yes. You can make an early repayment after you pay your first EMI. However, you will be charged an early repayment fee of 2% of your outstanding balance.

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