Credifyn Loan


Credifyn Loan is a mobile-based financial service offering short-term loans ranging from ₹1,000 to ₹2,00,000 with fast approval and disbursal. Designed for professionals and individuals in urgent need of funds, it features flexible repayment tenures of 62 to 730 days (2 years). With competitive interest rates and minimal documentation, users can quickly apply and receive funds directly through the mobile app, making it a convenient solution for various financial needs.

Table of Contents:

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Highlights of Credifyn Instant Loan

Here are the key highlights of Credifyn Instant Loan.

Feature Details
Loan Amount ₹1,000 to ₹2,00,000
Interest Rate Starting from 21.5% p.a.
Processing Fees Starting from 3% of the loan amount
Tenure 62 days to 2 years
Onboarding Fee ₹350 (one-time)
Disbursement Time 11 minutes (post-approval)
Application Mode Mobile app
*Note that the interest rates & charges can vary at the lender’s discretion.

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Credifyn Instant Loan Interest Rates & Charges

Credifyn Instant Loan offers competitive interest rates with transparent charges. The table below gives an overview:

Charge Type Details
Interest Rate Starting from 21.5% p.a.
Processing Fee Starting from 3% of loan amount
Onboarding Fee ₹350 (one-time)
Late Payment Penalty As per policy
Note: The interest rate varies based on the applicant’s credit worthiness.

Eligibility Criteria of Credifyn Instant Loan

To apply for a Credifyn Instant Loan, applicants must meet the following criteria:

  • Age: Minimum of 21 years.
  • Income: Minimum monthly income of ₹12,000.
  • Employment: Salaried professionals preferred.
  • Nationality: Must be an Indian citizen.
  • Bank Account: A valid savings bank account is required for disbursal.

Credifyn Loan EMI Calculator

Quickly calculate your monthly loan payments with an online EMI calculator. Just enter the loan amount, interest rate, and loan tenure to get an instant estimate of your EMI. It’s a simple and efficient way to manage your finances and plan your loan repayment.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Documents Required for Credifyn Instant Loan

Applicants need to provide the following documents:

  • Identity Proof: Aadhaar Card or PAN Card.
  • Address Proof: Aadhaar Card, Voter ID, or Passport.
  • Income Proof: Latest bank statement or salary slips.
  • Bank Details: Bank statement for the last three months.

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Features & Benefits of Credifyn Instant Loan

Here are the key features and benefits of Credifyn Instant Loan:

  • Credit Score Flexibility: Credifyn approves loans even if the applicant’s credit score is not ideal, as it assesses various factors before loan sanction.
  • Quick Approval and Disbursement: Loan applications are processed in minutes based on the information and documents provided.
  • Instant Money Transfer: Approved loans are transferred directly to your bank account.
  • Simple Application Process: The application is 100% online through the mobile app, with a user-friendly interface.
  • Completely Online Process: The loan process is entirely online, eliminating paperwork.
  • 24/7 Assistance: The app offers 24/7 online assistance for any queries or issues.
  • Credit Reporting: Credifyn shares your repayment behavior with credit rating agencies as directed by the Reserve Bank of India, helping you build a strong credit score.

Steps to Apply for Credifyn Instant Loan

Here are the steps to apply for Credifyn instant cash loan online:

  1. Download the App: Install the Credifyn Personal Loan App on your mobile device.
  2. Register: Sign up using your mobile number.
  3. Eligibility Check: Complete the basic form to check your first-level eligibility.
  4. Upload KYC Documents: Provide the necessary documents for KYC verification.
  5. Submit the Application: Submit your loan application through the app.
  6. Receive the Loan: The loan amount is transferred directly to your bank account upon approval.

Do you need an emergency loan?

Frequently Asked Questions

Credifyn does not specify a minimum credit score, and approvals are based on multiple factors beyond credit score alone.

You can apply via the Credifyn app by registering, filling in details, and submitting required documents.

Interest rates start from 21.5% per annum based on the borrower’s credit profile.

Loan approval typically occurs within minutes after document submission.

Yes, Credifyn considers various factors beyond credit scores for loan approval.

Credifyn offers personal loans, emergency loans, same-day loans, installment loans, and secured loans.

Yes, there is an onboarding fee of ₹350 and a processing fee of 3% to 15% of the loan amount.

The maximum loan amount available through Credifyn is ₹2,00,000.

Repayments are made through EMIs (Equated Monthly Installments) as per the repayment schedule in the app.

Yes, Credifyn allows early loan repayment without any penalties.

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Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.

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