How To Take Loan From ZestMoney : ZestMoney Loan App Review

Zest Money Loan Review in Hindi: Nowadays, our way of life is changing day by day, due to which our daily expenses are increasing. Many times there comes a time when money is needed most to buy some household item. But we do not want to ask money from anyone. for such a timeZestMoney App Through this you can reduce your problem.

In this article we will give detailed information about Zestmoney App. in which we will know thatHow to take loan from ZestMoney App, how much loan will be available from ZestMoney App, what will be the interest rate and tenure, what documents will be required and what should be the eligibility criteria.।

What is ZestMoney?

ZestMoney App is the fastest loan application to pay through EMI without credit card, which you can use to pay for purchases made from ZestMoney partners’ websites and choose the EMI payment tenure as per your convenience. .

When you shop through the ZestMoney app, you can repay the loan from ZestMoney in 3 EMI installments at 0% interest. If you cannot pay in 3 monthly installments then you can extend the EMI period as per your convenience. But if you choose EMI period more than 3 months then interest rate has to be paid.

ZestMoney App has more than 100000 offline partners and more than 15000 online partners, where you will get all the items needed at home. Like Amazon, Flipkart, Uber, MakeMyTrip, MI, Kurlon, etc.

ZestMoney App was launched in the year 2015 by Camden Town Technologies Pvt Ltd in Bangalore, Karnataka, founded by Lizzie Chapman, Priya Sharma and Ashish Anantharaman. So far, this app has been downloaded by more than 10 million people from Google Play Store and more than 2 lakh people have given a rating of 4.4/5.

Features of ZestMoney Loan App

Zestmoney app is better for you for the following reasons-

  • Personal credit limit up to Rs 2 lakh.
  • Complete the loan process in 3 easy steps.
  • There are no hidden charges on the loan.
  • 0% Interest*, No Joining Fee, No Hidden Charges.
  • You get a time period of 6 to 12 days to repay the loan.
  • 17+ million more satisfied customers, and 4.4 app rating on Play Store.
  • Zestmoney loan can be paid in 3 EMI installments at 0% interest.
  • There is no penalty of any kind for pre-payment of the loan.
  • No paperwork, no credit card required to avail loan.
  • Zestmoney App is approved at 10,000 online stores and 75,000 retail stores.

Quick Review of Zest Money Loan App

Key Points of ZestMoney AppDescription
app nameZestMoney – Shop on easy EMIs
Types of LoanPersonal Loan/Home Loan/ Mutual Funds SIP
company’s nameZestMoney (Camden Town Technologies Pvt Ltd)
zestmoney app officeBengaluru, Karnataka
Founder and CEO of ZestMoneyLizzie Chapman, Priya Sharma, Ashish Anantharaman
Installation of ZestMoney Loan App2015
total downloadsmore than 10 million
Rating on Play Store4.4/5

Is ZestMoney App Safe?

ZestMoney App is a fintech company registered by RBI under Non-Banking Financial Company (NBFC). Which does not share your personal information with any other third-party. Therefore this application is a safe and reliable mobile app for you.

Eligibility Criteria for taking loan from ZestMoney

The following eligibility criteria are required to use the ZestMoney app.

  • Citizenship: Indian citizen
  • Age Limit: Minimum 18 years to maximum 65 years
  • Bank Account: Must have a bank account.
  • Documents: PAN Card, Aadhar Card

Documents required to take loan from ZestMoney (KYC Documents)

To use the ZestMoney app, it is necessary to complete the KYC process, for which you need the following documents.

  • identity card: PAN Card, Passport, Driving License, Voter ID Card, Aadhar Card, MGNREGA Card,
  • Proof of original residence: Telephone Bill, Gas Bill, Phone Bill, Ration Card, Electricity Bill,
  • phone: smartphone
  • bank details
  • Photo: Passport size photo
  • email id
  • mobile number, which is currently running.

ZestMoney App Loan Details 

main pointDescription
Types of LoanShop Credit Limit, Personal Loan
loan limitFrom 1 thousand to 2 lakh rupees
Moneyfy Personal Loan Interest RatesInterest rate ranges from 12.3% to 40% per annum
processing feeNo fee
Pre-Closure FeeNo fee
EMI periodfor 3 to 24 months
Late Payment Fees250/- late fee per EMI
Service fee on first purchase800 to 1000 rupees only for one time

KYC Process of Zest Money Loan Account.

ZestMoney App To take a loan, it is necessary to complete the KYC process, without completing the KYC you are not eligible for the loan. You can do the KYC process both offline and online.

To do the offline KYC process of Zestmoney loan account, documents like Aadhaar card, residence proof, identity card etc. have to be submitted. The offline process takes some time to complete.

If you do not want to wait much for KYC and want to complete the KYC process quickly, then after opening ZestMoney App, go to eKYC option, enter your Aadhaar card number and click on Get OTP, from your Aadhaar You will receive an OTP on the linked mobile number, enter it to verify.

For eKYC, your mobile number should be linked to your Aadhar card, otherwise you will not be able to complete the KYC process through online.

ZestMoney Loan Interest Rate

From Zestmoney App personal loan The interest rate charged on the loan ranges from 20% to 36% per annum, the interest rate can be more or less. The amount of interest the company will charge on the loan you get depends entirely on your profile.

If your CIBIL score is good or you have paid the previous loan on time, then the company can give you loan at low interest also. If you are taking a loan from ZestMoney app for the first time, then you may have to pay more interest in the beginning.

If you repay the loan taken from Zestmoney app on time, your credit score improves. If you need a loan again in the future, you can get a loan at a lower interest rate from Zestmoney App.

How to take personal loan from ZestMoney? (Zestmoney Loan Apply)

Customers get a personal loan in the form of a credit limit on the ZestMoney app, which you can use to pay for online or offline shopping and pay in easy monthly installments. If you want to get credit limit from ZestMoney then follow the process given below.

Signup for Zestmoney Personal Loan

For personal loan from ZestMoney App, some easy processes have to be followed, first of all you download ZestMoney App from Google Play Store. After this enter your mobile number which is linked to your Aadhar card, verify the mobile number through OTP.

Activate credit limit

To activate the credit limit, you have to complete your profile, including your name, address, gender, job, income, etc. and upload all your required KYC documents. Set the repayment period to activate your credit limit.

Shop with Zestmoney merchant partners

ZestMoney has more than 1000 online merchant partners from where you can buy any item of your choice and make payment.ZestMoney Credit Limit Can use.

Become eligible for personal loan

To avail an instant personal loan, all you need to do is shop with any of ZestMoney’s merchant partners. When you repay the utilized credit limit on time, you become eligible to avail an instant personal loan from Zestmoney.

Avail Personal Loan

When you become eligible for a personal loan, you do not need to submit any other documents. You can get a personal loan without submitting any other documents.

Where to use ZestMoney Credit Limit?

ZestMoney App has more than 1,00,000 offline merchant partners and more than 15,000 online merchant partners where you will find goods and services that you use in your daily life. You can shop with these partners and use your ZestMoney credit limit to pay for your shopping.

Conclusion: How to take loan from Zestmoney

This app has been specially designed for shoppers. Sometimes it happens when we like some item, but at that time we do not have money. For such times, ZestMoney App can be a better option for us.

Hopefully, this article “ZestMoney Loan App Review in Hindi” will help you in making credit limit. If you want this article to help other people in taking loan, then share this article with your friends on social media.

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