CreditSea (Meghdoot Mercantile, Chhotaria Securities)
CreditSea Personal Loan
- Interest rate14% to 36%
- Loan amount₹6,000 to ₹2 lakh
- Tenure3 months to 3 years
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
At a Glance
- Interest rate
- 14% to 36%
- Loan amount
- ₹6,000 to ₹2 lakh
- Tenure
- 3 months to 3 years
- Processing fee
- 2% to 4.5% of the loan amount
- Type
- Personal
- Prepayment
- No charges
- Min salary
- ₹15,000 a month
- Age
- 23 to 50 years
- CIBIL score
- 500+
- Collateral
- Not required
- Offered by
- CreditSea (Meghdoot Mercantile, Chhotaria Securities)
What you get
- Small personal loans from Rs 6,000 to Rs 2 lakh at 14% to 36% a year, repaid over 3 to 36 months, fully online with instant transfer to your bank account. CreditSea is the platform; the loan is given by its RBI-registered NBFC partners Meghdoot Mercantile Pvt Ltd and Chhotaria Securities Pvt Ltd.
Fees and charges
- Interest 14% to 36% a year. Processing fee 2% to 4.5% of the loan amount. Late payment Rs 500 or 3% of the overdue amount, whichever is higher. Bounced payment Rs 500 + GST. Mandate rejection Rs 250 + GST.
Who can apply
- Resident Indian aged 23 to 50, earning at least Rs 18,000 a month in a metro or Rs 15,000 elsewhere, with at least 1 year in the current job or profession.
Documents you will need
- PAN and Aadhaar (e-KYC through DigiLocker) and bank statements.
How to apply
- Apply online, complete e-KYC, accept the offer and get the money in your bank account.
Eligibility
- Minimum monthly income
- ₹15,000
Loan fees and charges
- Processing fee
- 2.00% to 4.50%
- Prepayment
- No prepayment charges
- Late payment
- ₹500 or 3% of the overdue amount, whichever is higher
Eligibility
- Min monthly salary
- ₹15,000
- Min age
- 23 years
- Max age at maturity
- 50 years
- Employment
- Both
- Min credit score
- 500+
Common Questions
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with CreditSea (Meghdoot Mercantile, Chhotaria Securities). We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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