Personal loans are widely available, require no collateral and have low interest rates. Additionally, they are simple and quick to install. You are free to use your loan money as you wish.
The pandemic gave rise to several socio-economic challenges, such as continuous lockdowns, job losses and negative impact on small and large businesses. This is where instant personal loans came as a savior to help individuals meet their needs digitally within the comfort of their homes.
Instant personal loan is a great way to meet your emergency needs. A personal loan can cover the cost of an unexpected medical issue or a big-ticket purchase.
There are many benefits of personal loans, including their versatility, ease of availability and simple application process. When you apply for a loan online, most loan apps and websites will tell you how much you can borrow based on your monthly income. You can submit your paperwork online to get an instant personal loan.
People are increasingly turning to the best instant loan apps in India to meet their financial needs. In such a situation, one name is rapidly emerging among these loan giving apps – SmartCoin. So today we are going to tell you how to take loan from SmartCoin? Its features, interest rates and more.
How to take loan from SmartCoin
Established in 2016, Smartcoin Financial Private Limited is an app-based consumer loan platform. SmartCoin partners with RBI-registered NBFCs to provide instant personal loans to self-employed and salaried individuals.
With a vision to address the concerns of the vast unbanked population in India, SmartCoin is evolving to provide a whole range of offers ranging from a micro-loan platform to gold savings, insurance and more.
With SmartCoin, you can avail a loan from ₹1,000 to ₹1,00,000 at a minimum interest rate of 20% and a maximum interest rate of 29.88% within a tenure of 2 to 12 months.
What are SmartCoin apps?
What is SmartCoin?
SmartCoin Loan is a simple and cost-effective solution to meet any planned or unplanned financial obligations. You can borrow from SmartCoin and use this loan at your discretion as there are no restrictions on end use.
Be it funds for your travel plans, home renovation or even debt consolidation, SmartCoin Personal Loan is an affordable option.
What is Personal Loan from SmartCoin?
Personal Loan from SmartCoin is a type of loan that allows you to borrow money for various purposes. There are many reputed and trusted loan apps that provide online personal loans like Smartcoin Financial Pvt. Ltd.
When you take an online personal loan, you are given a fixed amount at a fixed interest rate and you can repay it over a stipulated period, like any other loan. However, there are some features of a personal loan that can make it more profitable than other types of loans, such as:
It does not encumber the applicant’s assets in any way. Personal loans, unlike home or car loans, which are secured by the asset against which the loan is sought, provide cash advances for your needs without involving any collateral.
If you need a large amount of money for personal reasons, you can take a personal loan. This could be for medical/social emergencies, lifestyle needs like home repairs/renovation or even to consolidate existing loans.
What are the features of loan from SmartCoin?
Here are some of the top features of smart coin loans that make them unique for first-time applicants:
| Loan | Rs 1,000 to Rs 25,000 |
| Rate of interest | 20 – 36% April |
| Processing Fees | Based on applicant’s profile |
| credit period | 91 – 120 days |
| loan amount limit | up to ₹1 lakh |
| disbursement time | 5 to 10 minutes |
- Fully Digital:Applying for a loan from SmartCoin is 100% paperless. All you need is a smartphone and access to the internet.
- Quick Online Process:Applying for a loan on SmartCoin’s platform takes just a few minutes. You just have to fill some details, upload some documents and that’s it.
- Bank transfer: Once you fill all the details and become eligible for the loan. You get credit within a few hours.
How to take loan from Smartcoin app?
How to take loan from SmartCoin App?
Here are the easy steps to follow to use the Smart Coin app:
Download from Google Play:SmartCoin
- Simply download and install the application from Google Play Store
- Register on the platform
- Here you can log in to the app through your Google or Facebook account.
- After this you will have to fill the loan application form through the app.
- Fill in your work and personal details in the application.
- Upload required documents
- Upload some required documents for identity verification.
- Choose from loan options
- Choose from the list of loan options provided to you.
- apply for loan
- Apply for the loan you want.
- After approval of the loan application, you receive the money directly into your account.
What are the eligibility criteria for loan from SmartCoin?
Mentioned below are the eligibility criteria that applicants must fulfill to avail a loan from SmartCoin:
- The minimum age of the applicant should be 23 years.
- Applicant must be an Indian resident.
- Salaried individuals, business owners and support executives can apply for this loan.
- The minimum monthly income of the applicant should be Rs 15,000.
Documents required to take personal loan from SmartCoin
Some of the documents required for Smart Coin Personal Loan are:
- Bank statement
- PAN card
- Address proof
- applicant’s selfie
Personal loan is a type of loan that allows you to borrow money for various purposes. There are many reputed and trusted loan companies that provide online personal loans like Smartcoin Financial Pvt. Ltd.
When you take an online personal loan, you are given a fixed amount at a fixed interest rate and you can repay it over a stipulated period, like any other loan. However, there are some features of a personal loan that can make it more profitable than other types of loans, such as:
It does not encumber the applicant’s assets in any way. Personal loans, unlike home or car loans, which are secured by the asset against which the loan is sought, provide cash advances for your needs without involving any collateral.
If you need a large amount of money for personal reasons, you can take a personal loan. This could be for medical/social emergencies, lifestyle needs like home repairs/renovation or even to consolidate existing loans.
SmartCoin Personal Loan Interest Rates
SmartCoin brings you the best personal loan rates based on your personal and financial profile as well as your requirement. You can get a loan up to Rs 1,00,000 to meet your financial requirement. SmartCoin takes your expectations and budget into consideration, so SmartCoin will quote you the best interest rate that you can afford.
Please note that the exact interest rate applicable to you will also depend on the loan tenure you choose and the loan amount requested.
SmartCoin Loan Customer Service Number
In case of any queries you can connect with SmartCoin’s dedicated customer service team. Here’s how you can contact them:
Send an email: help@smartcoin.co.in
Call on: +91-9148 380504
How to take loan from SmartCoin? Conclusion on
Borrowers who face any issues in finding the best available loan offers, have queries on the loan application process, or any other loan related queries can reach out to SmartCoin using the lender’s helpline number. Borrowers can also get the solution by sending an email to contact@smartcoin.co.in
For any assistance regarding loan repayment, borrowers can send an email to help@smartcoin.co.in