Credy offers instant personal loans to the lower-income segment through its website or app. The loan application process is digital and with minimum steps, you can apply for a personal loan for credit card refinancing, education, travel, and more. Besides this, you can also apply for a top up loan after crossing the pre-defined repayment tenure. Currently, it offers instant personal loans to salaried individuals in selected cities.

Features and Benefits of Credy

  • Online Processing: When you request a traditional lender for a personal loan, you may need to visit the bank once or twice but at Credy the complete application process is online. That means, when you apply for a personal loan at Credy, you save your time. 
  • Lucrative Interest Rates: Credy charges a monthly interest rate on its loan. Generally, the Credy personal loan interest rate ranges between 1% and 1.5% which are quite attractive as compared to other lenders.
  • Rewards & Offers:  Credy is the most rewarding app. When you refer this app to your friend you can earn up to ₹ 250. On the other hand, if your friend uses this app, then he will have an interest rate cut off up to 50%. 
  • Top Up Loan: If you have an existing loan with Credy app then you don’t need to worry about the other loan as you can get a top up loan on existing loan after paying the 4 EMIs.


Credy Personal Loan Interest Rate, Processing Fee, And the Loan Tenure

Lenders Name


Interest Rate

12% – 18% P.A.

Processing Fee


Loan Amount

₹ 10,000 to ₹ 1,00,000

Loan Tenure

3-12 months 

Eligibility Criteria to Avail Credy Personal Loan

  • The borrower should be the residing in Bangalore, Chennai, Pune, Mumbai or Hyderabad.
  • The applicant should be a salaried individual.
  • The monthly salary should be ₹ 20,000.
  • The salary should be credited to the bank account directly.

Documents Required for Credy Personal Loan

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

Credy EMI Calcualtion

Credy offers an instant personal loan of up to ₹ 1 lakh, but to calculate your EMIs before applying for it, you need an EMI calculator. By using an EMI calculator, you can plan your repayment easily and the best part is – the too is free.

To use an EMI calculator, you just need to enter your loan amount, interest rate, and the preferred repayment tenure. Once you enter all these details and click on calculate; you can see the result like the calculation shown below. 

Suppose, you want to take the loan of ₹ 50,000 at an interest rate of 15% p.a for 6 months from Credy, then the EMI calculator will show similar results as shown below.

Loan Amount

₹ 50,000

Interest Rate

12% P.A.


6 months









₹ 8,127

₹ 500

₹ 8,627

₹ 41,823



₹ 8,209

₹ 419

₹ 8,627

₹ 33,664



₹ 8,291

₹ 337

₹ 8,627

₹ 25,373



₹ 8,374

₹ 254

₹ 8,627

₹ 16,999



₹ 8,457

₹ 170

₹ 8,627

₹ 8,542



₹ 8,542

₹ 85

₹ 8,627

₹ 0


Use EMI calculator for free.

How to Use Credy App

  • Download the Credy instant personal loan app.
  • Fill your loan application and apply for a loan.
  • Submit you bank statement for salary verification.
  • Sign your loan application digitally.
  • Receive loan amount in your account.

Credy Customer Care

In case of any inconvenience you can reach out to the Credy customer care in following ways:

  • For app support:
  • For loan support:
  • Credy customer care number: 080 4680 5616


Q1If a self-employed individual can apply for Credy personal loan?
The Credy app does not lend personal loans to salaried individuals. As per their terms, currently, they offer personal loans to salaried individuals.
Q2How much time does Credy take to disburse a loan?
You can make your loan application using the website or app. Once you make the application, Credy verifies all the details and transfers the funds to your account within 48 hours.
Q3Does Credy require a guarantor to lend a personal loan?
If the borrower meets the eligibility criteria then there is no guarantor required. Moreover, if your employer and Credy have a good relation, then you can get the best deals on personal loans.
Q4Can a borrower apply for a top-up loan?
If any borrower has an ongoing loan with Credy, he can surely get the benefit of the top up loan after paying the 4 EMIs.
Q5Is residence verification mandatory?
At Credy, residence verification is mandatory. One of the field executives contacts the applicant after the loan approval to visit the residence.
Q6What are the documents needed to apply for a personal loan from Credy?
To get the personal loan from Credy, you need to submit your 6-month bank statement, payslips, rent agreement, and closure certificate of previous loans.