SmartCoin - Personal Loan App 4.6.9

SmartCoin – Freeware – Android

SmartCoin: Simplifying Personal Loans at Your Fingertips

Minh Ong

12/18/2024

SmartCoin offers a user-friendly platform to secure personal loans quickly, making financial help accessible with just a few taps on your phone.

The SmartCoin app offers instant personal loans to both salaried and self-employed individuals who have immediate cash needs. The application process is completely digital and secure, allowing you to apply for a loan and have the money credited to your account within minutes. In addition to personal loans, the app also provides credit and savings options tailored specifically for India.

Instant loans up to ₹1 lakh
RBI registered lenders
100% digital process
Minimal paperwork
Tenure: Minimum repayment period of 2 months, maximum repayment period of 12 months
APR range of 30 to 90%
No pre-closure charges
Collateral-free loans
Available across India
Easy repayment options
Direct fund transfer to account in minutes
Available in 7 languages (English, Hindi, etc)
Recognized as The Economic Times – Best BFSI Brands 2023

Loan purposes:

Instant loans for medical emergencies
Personal expenses/pocket money
Personal loans to cover education
Instant online loan to meet household expenses
Digital loans to address business expenses
Loans to cover bills and rent
Online loans to fund home renovation
Loans for payment of EMIs
Personal shopping loans

Eligibility:

Self-employed
Salaried
New to credit
Between 21-45 years of age
Monthly income above ₹20,000

Documents Required:

Address Proof and ID Proof (including PAN and Aadhaar)
Bank statements (Optional)

Examples:

Here’s an example of how loans from SmartCoin work:

Loan Amount: ₹45,000
Tenure: 6 months
Rate of Interest: 30% per annum
Processing fee: ₹1,593 (3.54%)
Total interest: ₹4,002
EMI: ₹8,167
Annual Percentage Rate (APR): 42.94%
Amount Disbursed: ₹43,407
Total amount to be paid: ₹8,167 x 6 = ₹49,002
Total cost of loan: ₹4,002 + ₹1,593 = ₹5,595

Our Lending Partners:

Upmove Capital Private Limited
Vivriti Capital Private Limited
Northern Arc Capital Limited
Incred Financial Services Limited
PayU Finance India Private Limited
Poonawalla Fincorp

Steps to get a loan:

Install SmartCoin Personal Loan App
Register, add key personal details, and verify OTP
Apply for an instant online loan after selecting your desired amount and tenure
Upload documents to complete e-KYC
Sign loan agreement following loan processing and approval
Get an instant loan in your account within MINUTES

About SmartCoin:

SmartCoin Financials Pvt. Ltd. was established in 2015 as an app-based consumer lending platform. SmartCoin partners with RBI-registered NBFCs to offer instant personal loans to self-employed and salaried individuals who belong to the emerging and underbanked middle and lower-income segments in India. The company is known for its digital, paperless, automated, and quick disbursal process. In addition to micro-lending, SmartCoin also provides gold savings, insurance, and other financial wellness offerings. Their real-time credit decisioning sets them apart by allowing borrowers to receive money within minutes.

Queries & Contact:

Phone: +91-9148 380504
Mail: [email protected]

Overview

SmartCoin - Personal Loan App is a Freeware software in the category Business developed by SmartCoin.

The latest version of SmartCoin - Personal Loan App is 4.6.9, released on 11/08/2023. It was initially added to our database on 11/08/2023.

SmartCoin - Personal Loan App runs on the following operating systems: Android.

SmartCoin - Personal Loan App has not been rated by our users yet.

Pros

Quick and easy loan application process
Convenient and flexible repayment options
Ability to borrow small amounts of money
No hidden fees or charges

Cons

Limited loan amounts available
High interest rates compared to traditional lenders
Some users may find the verification process cumbersome
Limited availability in certain regions

FAQ

What is SmartCoin?

SmartCoin is a personal loan app that allows users to apply for and manage loans using their mobile devices.

How do I apply for a loan through SmartCoin?

You can apply for a loan by downloading the SmartCoin app, creating an account, and filling out the loan application form.

What documents do I need to provide?

Typically, you need to provide identity proof, income verification, and bank statement as part of the loan application process.

What is the loan amount I can get through SmartCoin?

SmartCoin offers loans ranging from ₹1,000 to ₹10,000 based on your eligibility.

How long does it take to get the loan approved?

Loan approval typically takes a few minutes to a few hours after submitting all necessary documentation.

How will I receive the loan amount?

Once your loan is approved, the amount will be directly disbursed into your bank account.

What are the repayment terms for a SmartCoin loan?

Repayment terms can range from 3 months to 12 months depending on the loan amount and user agreement.

Is there an interest rate on the loans provided by SmartCoin?

Yes, SmartCoin charges an interest rate that varies based on your credit profile and repayment history.

Can I pay off my loan early?

Yes, you can repay your loan early without any pre-payment penalty, allowing you to save on interest.

Is SmartCoin secure for financial transactions?

Yes, SmartCoin uses encryption and security measures to protect your personal and financial information during transactions.

Minh Ong

I'm Minh, a software engineer and author with a passion for exploring and writing about the latest in software and technology. With my experience in software development and a specialization in software updates and content creation, I bring a deep understanding of the tech landscape to my reviews and articles. My focus is on providing you with comprehensive insights into general software topics and the latest industry news.

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