ZestMoney Instant Loan
ZestMoney is an expanding fintech company that specialises in consumer lending in India. The platform helps in fulfilling the credit needs of more than 300 million households that have limited access to formal financing options, such as credit cards. Borrowers with limited credit history can benefit from the products offered by ZestMoney.
The platform utilises digital banking channels, mobile technology, and Artificial Intelligence to support the credit needs of its customer base. The company has the financial backing of several leading global investors.
How Zestmoney Works?
Using the ZestMoney app, you can pay through EMIs even if you do not have a solid credit history or a credit card. The payment process is completely online, and the entire cart amount can be paid in EMIs.
- You can register on the official website of the company and check your credit limit.
- You can apply for a ZestMoney account at the time of checkout at a partner merchant.
Please note that you will be required to update some basic details about yourself at the time of registration. This includes your income proof and other employment details.
- The company will initiate a risk analysis based on this information and provide you a notification on your eligibility.
- Once the registration process is completed and the final approval is provided by the company, you will be allotted a credit limit. The amount you can spend on EMI should be within that credit limit.
Key Features and Benefits of ZestMoney
- Repayment tenure ranging between 9 months and 2 years.
- No need to submit any additional documents to apply for a personal loan from ZestMoney.
- No application fee required to be paid.
- No pre-closure fee required to be paid.
Merchant partners of ZestMoney
ZestMoney has partnered with more than 3000 leading e-commerce websites that provide services spanning categories such as fashion, electronics, healthcare, mobiles, luxury products, and furniture. It also have buy now pay later payment option across this merchants.
Some of the leading websites that have partnered with ZestMoney are:
MakeMyTrip | Flipkart |
Amazon | Boat |
Myntra | MI |
Decathlon | Curefit |
Royal Sundaram General Insurance | Simplilearn |
Uber | Titan |
Bombay Shaving Company | Sleepy Head |
Revv | Kurl On |
ZestMoney Loan Repayment Process
You can set up NACH/eNACH that will help you in automating the recurring repayments. This way, your monthly EMIs will be automatically transferred to ZestMoney from your bank account on the due date. This is an ideal way to ensure that your EMIs are always paid on time.
How to avail personal loan from ZestMoney?
- Sign up for ZestMoney by providing your mobile number.
- Submit the necessary KYC documents and complete your profile to activate your credit limit.
- Use Zest Money to shop at any of the merchant partners.
- Once you shop with any of the merchant partners, you become eligible to avail an instant loan from the lender.
- You need to meet the eligibility criteria, following which you can avail a loan without having to submit any documents.
How to Get No-Cost EMI on Amazon?
When shopping on the Amazon website, you can choose to pay with ZestMoney EMI.
The steps involved in paying using ZestMoney EMI are as follows:
- Sign up for ZestMoney and set up your profile.
- Select the product you wish to buy and choose ZestMoney EMI as your option of payment.
- Choose the EMI option as per your convenience.
- Once the EMI plan is approved by the lender, Amazon will ship the product to your address.
How to Get No-Cost EMI on MakeMyTrip?
ZestMoney EMI enables you to repay your travel expenditure in flexible monthly installments. 6 months with the ZestMoney app. You will not be paying any additional interest on this as well.
The steps involved in the payment process are detailed below:
- Set up your ZestMoney profile by signing up and submitting the required KYC documents.
- Once you have finalised your booking, at the time of payment, choose ZestMoney EMI option and complete the payment.
FAQs on ZestMoney
- How can I check my credit limit on ZestMoney?
Visit zestmoney official website https://www.zestmoney.in/ and click on 'Get Credit Limit'. In the next step either provide your mobile number or use your google account to check your credit limit.
- My application has been rejected after I made a down-payment. What is the reason for this?
Your application may have been declined because you did not provide the necessary documents or have updated the application form incorrectly. In case this happens after your down-payment, the company will initiate a complete refund with the next 48 hours, without any additional fees. The refunded amount will be in your account within 7 business days.
- Is it possible to switch to a different EMI plan, midway?
No, this is not possible. In case you need a change in your EMI tenure, you can repay your EMIs early without attracting any additional charges.
- Can I change the repayment date of zestmoney EMIs?
No, this is not possible.
- There is a mistake in my zestmoney loan EMI amount. What should I do?
You should check the loan agreement you have received from the company. In case of any discrepancies, you can contact the customer support cell of ZestMoney at +91-7440084400
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