SmartCoin - Personal Loan App 4.6.9

SmartCoin - Personal Loan App 4.6.9

SmartCoin – Freeware – Android
Latest Version
4.6.9
Safe to install

SmartCoin: Simplifying Personal Loans at Your Fingertips

Minh Ong

SmartCoin offers a user-friendly platform to secure personal loans quickly, making financial help accessible with just a few taps on your phone.
2024 Editor's Rating

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:

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

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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