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.
|Interest rate||12% p.a. to 22% p.a. CredyT Refinancing: 18% p.a. to 25% p.a.|
|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|
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.
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:
Then click on the “Next” button to fill in these details:
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:
Then choose a password, check the box below providing your agreement to the terms and conditions and then click on Register.
This concludes your application process.
Important note: An executive will visit your home before the disbursal of the loan amount to collect your ID and address proof documents.
The eligibility criteria are as follows:
Note: Non-salaried individuals are not eligible for loans from Credy.
You have to show the one or more of the following documents to the field executive at the time of verification:
You can pay through Credy’s payment gateway. If your NACH slip is approved, the instalment amount will be auto-debited from your account.
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.
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.
Upon verification, if everything goes fine, the amount will be credited into your account within 48 business hours.
Yes, the EMI dates can be restructured for up to 3 days. In order to do so, you have to write an email to firstname.lastname@example.org requesting to change the dates.
No. Credy only offers loans to salaried employees. However, you can ask someone else to apply for the loan on your behalf.
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 email@example.com.
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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