KreditOne is an Online Loan App. By using AI
technology, Mobile based platform, big data analysis, & real-time
decision-making engine. Provide fast, easy, secure personal loans up to ₹2 lakhs. We trust you, we help you, We grow with you. One credit for all Indians.
Amount, Tenure, Fees & Charges
The
Loan amount (₹3,000 to ₹200,000), and tenure (91 days to 180 days) will
vary depending on the Risk & Credit investigation, repayment
ability and behaviour of the user on the platform. The maximum interest
rate is 35.04 % per annum.
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
Cost of the Loan: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.
With
KreditOne, you can be assured of best customer experience, world-class
product and services, Secure and confidential engagement.
Which States does KreditOne service?
We provide Personal loan in PAN India
How much loan can I borrow from KreditOne?
You can borrow starting from ₹3,000 to ₹2 Lakhs.
Why choose KreditOne?
With us, you can be assured of best customer experience, world-class product and services, Secure and confidential engagement.
- Apply anytime from anywhere.
- All Indian citizens from anywhere across India are eligible.
- Customers with low or no credit history are eligible.
- Instant decision is made in most of the cases.
- When approved, your loan amount is credited to your bank account immediately.
- 24*7, process of loan, so that you can avail loans even on holidays
- No pre-payment penalty if loan is repaid before due date.
What kind of documents need to apply for KreditOne loan.
We don’t need a lot of documents from you all we need from you are:
- A Selfie
- Your PAN card details
- One government ID
- Address proof
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
• Anyone with a steady monthly income of ₹15,000 and above
Data Security:
Our
processes 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.
