Get through your financial crisis with Credy Instant Loan App

Credy’s website and app provide low-income people with fast personal loans. You can apply for a personal loan for credit card refinancing, school, travel, and more using the digital loan application procedure. You can also apply for a top-up loan once you’ve completed the pre-determined payback period. It currently provides immediate personal loans to salaried people in a few cities. 

Features and Benefits 

• Credy Online Processing: When applying for a personal loan with a traditional lender, you may need to visit the bank once or twice, but with Credy, the entire application procedure is completed online. That means you save time when you apply for a personal loan at Credy. 

• Credy charges a monthly interest rate on its loan, which is very attractive. In general, Credy personal loan interest rates range from 1% to 1.5 percent, which is extremely competitive when compared to other lenders. 

• Credy is the most lucrative app in terms of rewards and offers. You can earn up to Rs. 250 by referring a friend to this app. If your friend, on the other hand, utilises this app, his interest rate will be reduced by up to 50%.  

• Top up Loan: If you already have a Credy app loan, you don’t have to worry about the other loan because you can acquire a top up loan after paying the four EMIs. 

 Criteria for Getting a Credy Personal Loan 

• The borrower must be based in one of the following cities: Bangalore, Chennai, Pune, Mumbai, or Hyderabad. 
• The applicant must be a salaried employee. 
• The monthly wage should be around 20,000 dollars. 
• The salary should be deposited straight into the bank account. 

 Documents Required for Credy Personal Loan 

• PAN Card Identity Proof – Aadhar Card  
• Aadhar card/ Voters ID card/ Passport/Driving license/ Utility bill Address proof- Account number/ IFSC code/ Branch detail 

• Selfie 

 Calcualtion by Credy EMI 

Credy offers a quick personal loan of up to 1 lakh, but you’ll need an EMI calculator to calculate your EMIs before applying. You can quickly arrange your repayments by utilising an EMI calculator, and the best thing is that it is free. 

 Simply enter your loan amount, interest rate, and selected payback period into an EMI calculator. When you enter all of these facts and click compute, you’ll get a result similar to the one shown below. 

If you want to borrow $50,000 from Credy for six months at a rate of 15% p.a., the EMI calculator will produce results similar to those displayed below. 

Loan Amount			₹ 50,000
Interest Rate			12% P.A.
Tenure			6 months
Month	PRINCIPAL (A)	INTEREST (B)		TOTAL (A +B)	BALANCE		LOAN PAID
1ST	₹ 8,127	₹ 500		₹ 8,627	₹ 41,823		16.25%
2ND	₹ 8,209	₹ 419		₹ 8,627	₹ 33,664		32.67%
3RD	₹ 8,291	₹ 337		₹ 8,627	₹ 25,373		49.25%
4th	₹ 8,374	₹ 254		₹ 8,627	₹ 16,999		66.00%
5th	₹ 8,457	₹ 170		₹ 8,627	₹ 8,542		82.92%
6th	₹ 8,542	₹ 85		₹ 8,627	₹ 0		100.00%

 How to Make the Credy App Work for You? 

• Download the Credy app for a quick personal loan. 
• Fill out the online loan application form and submit it. 
• Send us a copy of your bank statement to verify your salary. 
• Digitally sign your loan application. 
• The loan amount will be disbursed directly into your bank account. 

Customer Service Credy 

You can contact Credy customer service in the following ways if you have any problems: 

• Support for the app is available at support@credy.in. 
• Credy customer service number: 080 4680 5616 For loan support: loanofficer@credy.in 

Frequently Asked Questions 

• Question: Can a self-employed person apply for a Credy personal loan? 

Answer: Salary people are not eligible for personal loans through the Credy app. Personal loans are currently available to salaried workers, according to their terms. 

• Question: How long does it take Credy to disburse a loan? 

Answer: You can apply for a loan using the website or the app. Credy checks all of your information and deposits the funds into your account within 48 hours of receiving your application. 

• Question: Is a guarantor required for a personal loan from Credy? 

Answer: There is no need for a guarantor if the borrower passes the eligibility requirements. Furthermore, if your employer and Credy have an excellent working relationship, you can acquire the finest personal loan rates. 

• Question: Is it possible for a borrower to apply for a top-up loan? 

Answer: If a borrower has an active loan with Credy, he will undoubtedly be eligible for the top-up loan after paying the four EMIs. 

• Question: Is it necessary to provide proof of residency? 

Answer: Residence verification is required at Credy. After the loan is approved, one of the field executives contacts the applicant to arrange a visit to their home. 

• Question: What documents are required to apply for a Credy personal loan? 

Answer: To apply for a personal loan with Credy, you must send your 6-month bank statement, paystubs, rent agreement, and previous loan closure certificate. 

Conclusion: 

To conclude, Credy is a trustworthy financial partner in your tough times. All you need is to apply for Credy personal loan 2021. You can also apply for it through Afinoz to get low charges personal loan in short time.