Olyv Personal Loan
- Interest rateFrom 18%
- Loan amount₹500 to ₹5 lakh
- Tenure2 months to 2 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
- From 18%
- Loan amount
- ₹500 to ₹5 lakh
- Tenure
- 2 months to 2 years
- Processing fee
- 2% to 15% of the loan amount
- Type
- Personal
- Min salary
- ₹15,000 a month
- Age
- 21 to 45 years
- CIBIL score
- 680+
- Collateral
- Not required
What you get
- Small, short personal loans from Rs 500 up to Rs 5 lakh, repaid over 2 to 24 months, applied for fully online. Olyv is a lending platform: the loan itself comes from one of its RBI-registered NBFC partners, which sets your rate and terms.
Fees and charges
- Interest from 1.5% a month (about 18% a year), depending on the lending partner and your profile; the APR is set by the partner NBFC. Processing fee 2% to 15% of the loan amount. Foreclosure up to 4% + GST. Late payment: penal interest up to 36% a year.
Who can apply
- Indian citizen, age 21 or older, salaried or self-employed with a steady income of Rs 15,000 or more a month, and no active loan on Olyv.
Documents you will need
- PAN card, Aadhaar-linked mobile number, and income proof such as bank statements or salary slips.
How to apply
- Apply on the Olyv website, complete digital KYC, then pick from the loan offers its lending partners make you.
Eligibility
- Minimum monthly income
- ₹15,000
Loan fees and charges
- Processing fee
- 2.00% to 15.00%
- Prepayment charges
- Foreclosure up to 4% + GST
- Late payment
- Penal interest up to 36% a year
Eligibility
- Min monthly salary
- ₹15,000
- Min age
- 21 years
- Max age at maturity
- 45 years
- Employment
- Both
- Min credit score
- 680+
Common Questions
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly. 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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