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Personal Loan APP - KreditMe 1.1.7 APKs
- Version: 1.1.7
- File size: 12.45MB
- Requires: Android 4.0+
- Package Name: com.kreditme.loan
- Developer: Green AI Technology Private Limited
- Updated Apr 29, 2023
- Price: Free
- Rate 4.50 stars – based on 10 reviews
Optimize user experience
KreditMe is a mobile based Instant Personal Loan Platform. Users can apply for a Personal Loan of up to Rs 50,000 from RBI-approved NBFC.
The application process is completely digital, and once approved, the funds are transferred immediately to your bank account.
Amount, Tenure, Fees & Charges
Loan Amount: from ₹ 2,000 to 50,000.
Tenure: 91+ days (minimum period, including renewal period), up to 180 days (maximum period, including renewal period)
Maximum Annual Interest Rate: 35.04 % per annum.
EMI calculation Example
If loan amount is ₹50,000 & interest is 35.04% per annum; and loan is to be repaid over 6 EMIs (180 days ), then overall interest payable is ₹8,640 only. The EMI per month would be ₹9,773 only.
Interest Calculation
loan amount is ₹50,000,
Loan term 6 Months (180 days),
ROI 35.04% per annum,
Interest Payable = ₹ 50,000*35.04%/365*180 = ₹8,640,
Equated Monthly EMI ₹9,773.33 per month for 6 months,
Total amount repaid =₹50,000+ ₹8,640 = ₹58,640.
Fee:
Technology/Platform fee on the loan is: ₹300
One Time on boarding fee: ₹120
Tax on the Technology/Platform fee (GST at 18%) = ₹300 * 18% = ₹54
Tax on One Time On boarding fee (GST at 18%): = ₹120 * 18% = ₹21.6
Total Cost of the Loan(with all taxes):
Total cost of the loan: ₹8,640 + ₹300 + ₹120 + ₹54 + ₹21.6 = ₹9,135.60
APR % = 37.05% (=₹ 50,000/₹9,135.60*365/180)
Users will be charged a late payment penalty fees only when users delay their scheduled payment.
KreditMe, delivers the best customer experience, world-class product and services, Secure and safe engagement.
Why KreditMe?
- Apply anytime from anywhere.
- All Indian citizens from anywhere across India are eligible.
- Customers with low or no credit history are eligible.
- Decision is made instantly.
- When approved, sanctioned amount is credited to your bank account immediately.
- Convenience of automatic repayment along with other payment modes.
- No pre-payment penalty if loan is repaid before due date.
- 24*7, process of loan, so that you can avail loans even on holidays
What kind of documents need to apply for KreditMe loan?
All we need from you are:
- A Selfie
- Your PAN card details
- One government ID
- Address proof
How does KreditMe works?
- Install KreditMe app from Google Play Store.
- Register yourself via your mobile.
- Fill in the information and upload relevant documents
- E-sign the agreement.
- Get money on approval.
Which States does KreditMe service?
We provide Personal loan in PAN India.
Who can apply for a loan?
• All Indian nationals residing in India
• Anyone with an Android phone and a working internet connection
• Anyone above 18 years of age
• Valid bank account and PAN card
Security:
Our process are highly compliant with industry standard security protocols. Data is transported over secured HTTPS connections. All transactions are secured via a 256-bit SSL encryption. We do not share your data without your consent.
Contact Us:
Customer Service Email: cs@kreditme.asia
Address: No.250/1,1st Floor,btw 16th & 17th cross, Sampige Road, Malleshwaram, Bangalore, Bangalore, Karnataka, India, 560003
