Know About Credy To Get Instant Personal Loan In India

by Amit June 11, 2020

Are you a salaried person? Need an instant personal loan? Then Credy would be an excellent solution for your actual needs.

Personal loans have gained more popularity in recent times due to some immediate financial obligations. We sometimes need a personal loan for various reasons such as medical emergencies, home renovations, marriages, tuition fees, and many more. However, it has become very complicated to get instant loans from various banks and lenders. So, in this circumstance, we are going to talk about the best money lending app Credy, where you can take your instant loan very quickly.

About Credy App

Credy is one of the best financing companies that offer personal loan facilities to salaried individuals with an easy paperless process. Credy has more than 15 years of experience in finance and technology, and they aim to offer affordable personal loans to a salaried person to help them in a financial crunch and give them the freedom to spend.
If you applied for an instant loan from the Credy app and it assures you to get the loan approved as quickly as within 24hrs. Credy currently offers its loans in most of India’s big cities like Bangalore, Mumbai, Chennai, and Pune. It provides loans for various purposes like refinance credit card bills, education expenses, advance salary, and loans for emergencies.

Some features of Credy instant personal loan app:

Fast and easy approval:

Credy personal loan app has the option of instant approval. It is disbursing the loan amount to the applicant’s bank account within 48 hours.

Loan amount:

Credy offers its personal loan from Rs. 10,000to Rs. 1 Lakh.

Repayment and interest:

Credy app offers easy loan repayment EMI’s system for its customer from 3 months to 15 months. It imposed the transparent interest rate, which is ranging from 1% to 1.5%.

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Processing fees:

Credy charges their processing fees at 3% of the loan amount (Minimum Rs. 500).

Eligibility for Credy Personal loan:

  • The age of the applicant should be above 18 years.
  • The applicant must be a salaried employee with a minimum monthly salary of Rs. 15,000.
  • The applicant must be residing at Pune, Mumbai, Chennai, Bangalore, or Hyderabad.

Documents required for Credy Personal loan:

  • Personal ID proof such as Passport, Driving license, Voter’s ID.
  • Aadhaar card.
  • Last 6 months bank statement of salary account.
  • Rental Agreement.
  • Closure certificates of any previous loans.

How to apply for your Personal loan on Credy?

To download the app, you need to go to the Google Play Store. Or you can get it from their website too. To download the app, you have to install it.

Click here to download and install it.

After successfully install the app, when you open it, you need to complete registration by providing your employment details that include the following:

  • Your monthly take-home salary.
  • Your employment status.

If you have any previous loan history, then you need to provide its details on them, such as current EMI, credit score, etc.

After completed that click on the Next button to fill in these details:

  • The reason for your loan application.
  • How much loan amount you need.
  • Your current residence type.
  • Your current address proof.

Then click on the right-click option to submit them. After that, you will see the eligible message regarding your loan, which you have applied. You can use your Facebook, Google account, or email to register or sign up your profile and track your application. After the sign-up process, you need to enter your mobile number. Then you can see all your loan details such as loan amount, duration, interest rate, and processing fees.

After completing this step, you need to include your present work experience, information regarding your present company, and your work email ID, PAN number, and date of birth. Then read all their terms and conditions and click on the Next button. After completing the full process, Credy will review your application and get in touch with you with the loan terms once your loan is approved. However, before you get the loan amount, an executive will visit your home and verify your ID and address proof documents.

Verdict

Credy is ISO 27001 2013 certified platforms and its 3.4-star rating, which makes it very reliable. If you are a salaried person and if you need a quick and instant loan then you can obviously choose the Credy app. However, every finance company has different criteria and terms. If you fall into these terms, you may apply for your personal loan.

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