IndiaLends - Instant Loan App 6.10.4

IndiaLends operates as an online marketplace offering a variety of credit products, including free credit reports, a range of credit cards, and personal loans from various Banks and NBFCs. The platform facilitates instant personal loans with most services being fully digital. In addition to its consumer-facing services, IndiaLends provides technology, data, and credit analytics solutions, alongside a loan management platform for financial institutions. The platform is staffed by a team of seasoned credit risk professionals and data scientists.

Product features:

• Personal loan: Customers can access personalized personal loan offers up to ₹25 lacs at interest rates starting from 10.25%, with a tenure ranging from 1 to 5 years. The app aids in selecting the most suitable Banks/NBFCs based on personal loan eligibility criteria. IndiaLends has collaborations with over 50 banks and NBFCs, including BAJAJ FINANCE LIMITED, and IDFC FIRST Bank Limited.
• Personal Loan Eligibility:
  • Age: 18 years - 60 years
  • Employment Type: Salaried/Self-Employed
  • Minimum Net Income (monthly): ₹10,000
  • Work Experience: Salaried for at least 6/12 months or Self-Employed for at least 3 years
  • Tenure: (Min) 6 to (Max) 60 months
  • Interest Rate: ranges from 10.25% to 25% depending on the customer’s credit and risk profile
• Representative Example: With a representative 25% APR based on borrowing ₹5 lacs repaid over 60 months with monthly repayments of ₹14,676, the total cost of the loan would be Rs 8,91,090.

Our Lending Partners include:

• List of partnering institutions like Clix Capital Services Private Limited, PaySense Services India Private Limited, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited, among others.

Please note:

• The processing fee can vary from 1.5% - 6%. The figures provided are indicative and subject to change.
• In cases of payment mode changes or delays in EMIs, additional charges or penal fees may apply as per the lender's policy.

Credit Card Services:

• The IndiaLends app offers credit card recommendations from over 40 options, allowing users to choose the best-suited credit card provider from associations like ICICI Bank, HDFC Bank, American Express, SBI, Kotak Mahindra Bank, Citibank, RBL, and Yes Bank.

Free Credit Score / Cibil Score:

• In addition to credit products, users can access their free Credit Score / Cibil Score worth ₹1200 through the IndiaLends app. Users receive a detailed analysis of their credit report / Cibil Report and tips for score improvement. A new feature enables users to refresh their credit report and understand changes in their credit score.