Description
SmartCoin is an app-based lending platform that provides short-term personal loans to middle and lower-income segments. It has its own algorithm to access the risk in lending, hence, it is easier to apply for an instant personal loan with SmartCoin. The best part of the SmartCoin is, the application process is online and once you get approval for the loan, the money is transferred directly to your account.
Features and Benefits of SmartCoin
- Collateral Free Loan: When you apply for an instant loan at SmartCoin, you need not provide any collateral to secure the personal loan. Thus, it makes it easy for you to get a loan without having any stress of arranging security.
- Quick Repeat Loans: Once you submit your documents with the SmartCoin, you need not submit further documents in the future. In simple words, it makes the way for you to get repeat loans conveniently in the future.
- Easy Processing: SmartCoin provides a seamless way to process instant personal loan applications through its app and requires a minimum document. The perfect mix of online application and minimal documentation mitigate the pain of the ultimate borrower.
- Direct Bank Transfer: Once you get the approval from the SmartCoin, the loan amount gets transferred into your account within a few minutes. So, in an emergency, you can rely on it.
SmartCoin Personal Loan Interest Rate, Processing Fee, And the Loan Tenure
Lenders Name |
SmartCoin |
Interest Rate |
20% – 36% APR |
Processing Fee |
NA |
Loan Amount |
Rs 1,000 to Rs 25,000 |
Loan Tenure |
91 - 120 days |
Eligibility Criteria to Avail SmartCoin Personal Loan
- The applicant’s age should be 23 years.
- The applicant should be an Indian resident.
- The applicant should be a salaried individual, business owners, and support executives.
- The monthly income of the applicant should be above Rs 15,000.
Documents Required for SmartCoin Personal Loan
- PAN Card
- Address Proof
- Bank Statement
- Selfie
SmartCoin EMI Calcualtion
For example, you take a personal loan of Rs 25,000 from
Loan amount |
Rs 25,000 |
Interest Rate |
20% P.A. |
Tenure |
4 months |
Month |
PRINCIPAL (A) |
INTEREST |
TOTAL (A +B) |
BALANCE |
LOAN PAID |
1ST |
Rs 6,096 |
Rs 417 |
Rs 6,513 |
Rs 18,904 |
24.38% |
2ND |
Rs 6,198 |
Rs 315 |
Rs 6,513 |
Rs 12,707 |
49.17% |
3RD |
Rs 6,301 |
Rs 212 |
Rs 6,513 |
Rs 6,406 |
74.38% |
4th |
Rs 6,406 |
Rs 107 |
RS 6,513 |
Rs 0 |
100.00% |
How to Use SmartCoin App
- Install the app on your device.
- Log in to the app via your Facebook or Google account.
- Fill your loan application form online.
- Upload your documents to complete the loan application.
- Receive funds into your account, once you get the approval.
SmartCoin Customer Care
If you face any difficulty while understanding the best loan offers, loan application process, or other query, you don’t need to dial SmartCoin loan helpline number. Actually, you can get the solution of your problem by sending an email on contact@smartcoin.co.in
Or in case if you need any assistance related to the repayments, you can send an email at Help@smartcoin.co.in