How To Get Personal Loan From SmartCoin The Instant Loan App – If you have applied for a personal loan from many places. But you are not getting a personal loan from anywhere. So you don’t need to worry anymore. Because today we are going to tell you about the best application for a personal loan.
You can take a personal loan from ₹ 4000 to ₹ 100000 with the help of this application. Friends, as we know that sometimes we need money when there is an emergency. But we cannot get money from anywhere. So, in this case, we need a loan. If you take a loan from a bank or other private company, then it takes a lot of time and a lot of documents.
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We are going to give information about the loan application through this article. The name of this loan application is SmartCoin. With the help of this application, you can take a personal loan in a very short time and with fewer documents. You do not need to go anywhere to take a loan from this application. You can apply for a personal loan through your smartphone sitting at home.
Let us tell you how to take a personal loan through this SmartCoin application.
What is SmartCoin?
SmartCoin is a loan application. With the help of this application, you can take loan from ₹ 4000 to ₹ 100000 from your smartphone sitting at home. If you have a PAN card and Aadhar card then you can apply for a personal loan very easily. By applying for a loan through this application, you get to know in 5 minutes whether your loan has been approved or not. If you get the loan approved, then within 24 hours your loan amount is directly transferred to your bank account.
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Requirements for Personal Loan on SmartCoin App
If you want to take a personal loan through this smartphone. So for that it is very important for you to have some things. Below are the information about what you need to take a personal loan with the help of this application.
- Determination of Need
- Rate of Interest
- Loan Repayment Period
Eligibility for Personal Loan on SmartCoin App
As we have already told you if you want to take a personal loan with the help of this application. So it is very important for you to know how much loan you can get here. Here people also depend on your income and CIBIL score. Let us tell you what eligibility you should have to take a loan through the smart coin application.
- Applicant should be an Indian citizen.
- The minimum age of the applicant should be 21 years.
- The minimum monthly income of the employed applicant should be ₹ 12000 and the minimum monthly income for the business should be ₹ 20000.
- Applicant should have valid documents related to identity, residence, and income.
- The applicant should have a bank account.
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Documents for Personal Loan on SmartCoin App
We need documents to take a loan from any private bank or government bank or private company. But you do not need many documents to take a personal loan from this application. Still, you need some documents to take this loan under your oath, which is as follows.
- ID Proof – Aadhar Card / Voter ID / Driving License.
- Address Proof – Aadhar Card / Electricity Bill / Water Bill / Rent Agreement.
- Pan Card.
- Selfie image.
- Documents related to a bank account.
- Income Proof – Salary Slip/Bank Statement.
Loan & Fees Charges for Personal Loan on SmartCoin
If you are thinking of taking personal loan through this application. So first of all it is very important for you to be aware of the loan fees and interest of this application. If you take a personal loan from this company, then for this I will give you information about the loan amount and interest rate.
If you take a personal loan from this application, then you also have to pay 18% GST. Penalty charges are levied on the outstanding amount if any installment of the loan is not paid on time. Low-risk applicants will be charged a processing fee ranging from 0% to 2.5% and high-risk applicants will be charged a processing fee ranging from 4% to 7%. You should be aware that in this loan, the loan with low amount and short tenure attracts higher charges.
The interest rate of the loan and all types of charges levied on the loan vary more or less depending on the risk profile of the applicant, hence the annual APR varies depending on the risk profile.
- For low risk applicants – 18% p.a. to 36% p.a.
- For medium risk applicants – 24% p.a. to 39% p.a.
- For high risk applicants – 30% p.a. to 42% p.a.
- High risk applicants – 30% p.a. to 70% p.a.
Loan Repayment Period for Personal Loan on SmartCoin App
If you take a personal loan here. Whatever your EMI is here. It ranges from 2 months to 12 months. If you are taking a loan from this application, then you have to pay very special attention that you have to do the loan repayment very quickly.
How to apply for loan?
If you are going to take a personal loan with the help of this application. So for your information, let me tell you that it is very easy to take a personal loan with the help of this application. First of all download the SmartCoin application on your smartphone. After downloading the application, you can open it and apply for the loan by filling all the information asked for in it correctly.
Friends, through this article, we told you how to apply for a personal loan through the SmartCoin application. If you want a personal loan then you can apply for a personal loan through this application today.