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Kred Instant Loan in minutes

Kred Instant Loan in minutes

Kred - Instant Loan in minutes is the most famous version in the Kred - Instant Loan in minutes series of publisher Raven's Eye

Additional Information

Genres
Version
1.2
Developer
Raven's Eye
Requires
Android 4.4 and up
Android Android 4.4 and up Finance
Size
11M
Updated
January 18, 2022
Read
889 views
( 441 ratings )
Price: $0

Kred - Instant Loan in minutes poster

Kred Loan is an instant Loan Platform. We are constantly optimizing and improving functions to provide users with better performance, faster and more reliable loan services. Kred Loan focuses on lending. Kred Loan has the advantages of a high quota. as your credit score grows, the sanctioned loan amount increases for every loan.

Kred Loan characteristics:

Loan amount from 750 to 50,000
Repayment periods from 61 days to 180 days
APR from 12% to 18% per annum
Processing fees range from 3% to 12% (GST 18% applies)
You may be charged up to 0.2% daily late fees for late payments (capped to 18% of the principal amount overdue).
No other hidden fees are applicable to your loans!
Instant Loan provides affordable online Indian personal loans.

An example of a loan

If the loan amount is 5,000 rupees, the annualized interest rate is 30% and the term is 91 days.
The total interest payable is: ₹5,000*30%/360*91=₹379
The handling fee payable is: ₹5,000*2%=₹100
The total debt is: ₹5,000+₹100+₹379=₹5479
The monthly repayment amount is: ₹5,479/3=₹1,826.3

Kred Loan requirements :

– Indian Resident.
– Have a bank account.
– Above 18 years old.
– Should have a monthly source of income

Kred Features :

– Minimal documentation.
– No credit history is required.
– Immediate bank transfer.
– 100% Online process.
– 24×7 access to loans.
– Fast approval.

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