ZestMoney Personal Loan Apply Online: Are you in need of a personal loan but don’t want to go through the hassle of lengthy paperwork and bank visits? Look no further than ZestMoney, a digital lending platform that allows you to apply for a personal loan entirely online. In this article, we’ll explore everything you need to know about ZestMoney’s personal loan application process, eligibility criteria, interest rates, and more.
What is ZestMoney?
ZestMoney is a digital lending platform that offers loans to individuals who are looking for personal loans. The platform is designed to make it easy for customers to apply for loans and get approval quickly. ZestMoney is a fintech company that is headquartered in Bangalore, India, and was founded in 2015.
How does ZestMoney personal loan work?
ZestMoney’s personal loan application process is entirely online, making it quick and convenient for customers. Here are the steps to apply for a personal loan with ZestMoney:
- Visit ZestMoney’s website or download the mobile app
- Sign up for an account with ZestMoney
- Enter your personal information, such as name, date of birth, and contact details
- Fill out the loan application form, providing details such as your income and employment status
- Upload the required documents, such as ID proof, address proof, and income proof
- Wait for the loan approval decision
Once you’re approved for the loan, the funds will be disbursed directly to your bank account.
Eligibility criteria for ZestMoney personal loan
To apply for a personal loan with ZestMoney, you must meet the following eligibility criteria:
- You must be an Indian citizen
- You must be at least 18 years old
- You must have a regular source of income
- You must have a bank account in your name
ZestMoney also considers your credit history, income, and employment status when determining your eligibility for a personal loan.
Interest rates and fees
ZestMoney’s personal loan interest rates vary depending on the loan amount and repayment tenure. The interest rates start from as low as 0% per annum and go up to 30% per annum. There are no hidden fees or charges, and the processing fee ranges from 0-3% of the loan amount.
Advantages of ZestMoney personal loan
Here are some advantages of applying for a personal loan with ZestMoney:
- Quick and convenient online application process
- No collateral required
- Flexible repayment options
- Low-interest rates and no hidden fees
FAQs
- What is the maximum loan amount I can apply for with ZestMoney? You can apply for a personal loan of up to Rs. 5 lakhs with ZestMoney.
- How long does it take for ZestMoney to approve my loan application? ZestMoney usually approves loan applications within a few hours of receiving them.
- Can I apply for a personal loan with ZestMoney if I have a bad credit score? Yes, you can apply for a personal loan with ZestMoney even if you have a bad credit score.
- What is the minimum and maximum repayment tenure for ZestMoney personal loans? The minimum repayment tenure is 3 months, and the maximum repayment tenure is 36 months.
- Can I prepay my ZestMoney personal loan? Yes, you can prepay your ZestMoney personal loan without any penalty charges.
Conclusion
ZestMoney’s personal loan application process is an excellent option for individuals who are looking for quick and convenient loans. With a hassle-free online application process, flexible repayment options, and low