Small Credit is one of India’s loan platforms which provide Indian mobile users with high quality loan services.
Loan application process is secure and safe. Small Credit promises that we will not share customer’s information to anyone without consent.
Small Credit does not directly participate in lending activities, but only provides a platform to facilitate registered non-bank financial companies (NBFC) or banks to lend users
One of our primary partner NBFCs – Manbhawani Investment Limited is a Systemically Important NBFC within Cooperate with Small Credit to develop online business.
WHY Small Credit?
1.Loans Amount: ₹ 2,000 to ₹ 50,000
2.Loan Tenure: 95days ~ 365days
3.24x7 access to loans with intelligent online process
4.Unsuccessful application will not incur any fees
WHO can apply?
1.An Indian Citizen.
2.Between 18-60 years old.
3.Salaried/self-employed with regular source of income.
1.APR: Up to 33% according to customer's credit score.
2.Service fee: 2%~8% according to customer's credit history.
If the loan amount is Rs. 20,000, APR is 30% and service fee is 5% with the tenure of 95 days, the total amount to pay on the due date is:
Interest = 20,000 x 30%/365 x 95 = 1562
Service fee = 20,000*5% = 1000
Total amount disbursed will be 19,000 (20,000 – 1,000)
Total amount to repay will be 21,562 (20,000 + 1562)
Monthly amount to repay will be 7,187 (21,562 / 3)
1.Download Small Credit application from google play store.
2.Register a account with a phone number.
3.Choose your loan amount and loan tenure.
4.Fill in info.
5.Loan review and cash disbursement.
Customer Service Email: [email protected]
Address: 9/1, R.N. Mukherjee Road, 5th Floor, Kolkata West Bengal India 700001