SmartCoin is an app-based lending platform that connects borrowers with NBFCs/Banks. All loan applications are sanctioned & approved by NBFCs/Banks registered with RBI and their details are shown upfront during Loan application. Details are also available in the Loan Agreements.
Loan range from ₹4,000 to ₹ 1 Lakh
Tenure: 62days to 180days. Interest rates range from 0%-30% depending on risk profile of customer and product availed
Eg: If the loan amount is of ₹25,000 & interest is 26% per annum with tenure of 90 days; after deducting any other fees
Interest = ₹25,000 x 26%/365 x 90 = Rs.1,602
SmartCoin is Instant Online Loan App for individuals in India, looking for a Personal Loan. With over 40 Lakh+ users who have applied across India, SmartCoin loan app provides personal loans, loan credit, cash loans to Business Owners, Support Executives, Salaried Professionals, with a minimum monthly income of ₹13,000. Click to know more about our Privacy Policy
SmartCoin loan app makes it easier for anyone to apply and borrow instant cash and get online loan. You can get kredit instantly with just a few documents and get cash transferred to your bank account. The process of getting Instant Personal Loans through our lone app takes a few minutes and money is transferred to your bank account within 1 business day. SmartCoin is like a friend you can borrow instant money from without any hesitation just open your Loan App and within a few minutes, you are done with application process.
For our users in Hindi:
SmartCoin se mil sakta hai Instant kredit ₹4000 se ₹1 Lakh tak. Bas Loan App Download kare, details fill karen aur payen online app se fast loan, payment asan kissht mein. Loan app ka pura process 100% digital hai aur wapas karna hai asan kissht mein.
Why SmartCoin Loan App?
• Buy Now Pay Later in easy EMI
•Access Personal loans from ₹4000 to ₹1 Lakh.
•Borrow cash loans at your convenience - With just a few clicks, anytime, anywhere get cash online transferred to your bank account.
•Completely Online Loan: apply in 5 minutes, Money Tap away!
•Works with all Android devices like Xiaomi, Oppo, Vivo, Samsung etc.
•Live across all cities and like Delhi, Navi Mumbai, Hyderabad, Chennai, Kolkata, Jaipur etc.
Documents required:
1.ID Proof
2.Address Proof
Interest Rates, Amount and Tenure
Loan amounts range from ₹4,000 to ₹1 Lakh, Tenure: 62 days-180days. Interest rates range from 0%-30% depending on the risk profile which is equivalent to a monthly interest rate of 0%-2.5% only. There is a small processing fee that is charged for loans e.g. for low risk customers 0%-2.5% of the principal, for very high-risk customers 4%-7%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers.
Penalty is charged only when someone delays their scheduled payment.
In addition to it, GST will be applicable only on the fee components as per Indian laws.
*The higher charges are only for loans of lower amount and lower repayment tenure.
Example
A medium risk customer availing personal loan for salaried can avail a loan of ₹25,000 at an interest rate of 26% per annum on reducing balance, processing fee of ₹750 for a period of 6 months. This would translate to an APR 21%
The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 18%-36%, medium risk customers is 24%-39%, high risk customers is 30%-42% and very high-risk customers is 30%-70%
Interest Calculation
If loan amount is ₹25,000 & interest is 26% per annum on reducing balance, and loan is to be repaid over 6 EMIs, then overall interest payable is ₹2,690 only. The EMI would be ₹4,615 only
Contact Us :
Feedback email: contact@smartcoin.co.in
Regarding Repayments etc, email to Help@smartcoin.co.in
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