Olyv: Loans & Credit Score

Olyv (Formerly SmartCoin)

About this app

Olyv (formerly SmartCoin): Your All-in-One Financial Wellness App

Olyv is India’s #1 app to access quick, 100% digital loans and manage your financial health with ease. Our seamless process lets you secure loans directly in your bank account in minutes, with no paperwork required! Also, stay on top of your credit health by tracking your credit score for free, fraud prevention, summarized loan and credit summary. You also get personalized insights about your credit health and tips to boost it. With Olyv’s digital gold savings feature, start investing with as little as ₹10—safe, secure, and accessible anytime.

Instant Personal Loans up to ₹5 lakh*

→ Trusted by ~3 Cr Indians
→ RBI registered lenders
→ 100% digital loan application journey
→ No collateral or paperwork
→ Tenure: Minimum period for repayment- 2 months, Maximum period for
repayment- 24 months
→ Flexi EMIs & interest starting at 1.5% per month
→ APR range – 30 to 90%

Example (hypothetical scenario)
• Loan amount: ₹65,000
• Processing fee (3% of loan amount including 18% GST) : ₹2,301
• Total Loan amount: ₹67,301
• Interest: 3% per month
• Tenure: 9 months
• Your EMI: ₹8,349
• Total Amount to be paid: ₹ 8,349 x 9 = ₹ 75,132
• Total interest paid: ₹ 75,132 - ₹ 67,301 = ₹ 7,831
• Total cost of loan: ₹ 7,831 + ₹ 2,301 = ₹ 10,132
• APR (Annual Percentage Rate): 28.58%

Lenders

• Upmove Capital Private Limited (http://upmove.in/)
• Vivriti Capital Private Limited (https://www.vivriticapital.com/)
• Northern Arc Capital Limited (https://www.northernarc.com/)
• Incred Financial Services Limited (https://www.incred.com/)
• PayU Finance India Private Limited (https://www.payufin.in/)
• Poonawalla Fincorp (https://poonawallafincorp.com/)

Credit Health

A.) Credit Score
→ Automatic Monthly Credit Score Refresh with Whatsapp Updates
→ In Depth Credit Insights

B.) Fraud Prevention
→ Pro-Active Fraud Alerts
→ Monthly Whatsapp updates

C.) Loan Management System(LMS)
→ Active Summary and Credit Monitoring
→ Monitor Payment and Balances
→ Active Monthly Credit Refresh and Insights

Digital Gold Savings

Save regularly with as low as ₹10* with guaranteed safety
→ No storage charges
→ 24 K 99.9% pure gold
→ 24x7 redeeming options

Terms and Conditions: https://smartcoin.co.in/terms_and_conditions.html
Privacy Policy: https://smartcoin.co.in/privacy_policy.html

Queries & contact

Phone: [phone]
Address: SmartCoin Financials Pvt. Ltd.
Indiqube Gamma, No.293/154/172
2nd floor, Outer Ring Road,
Kadubeesanahalli, Bengaluru,
Karnataka 560103.
Mail: [e-mail]

* T&C Apply

Ratings and reviews

I found olyv app reliable to take small amounts of money second time. This time, I applied for 35000 rs loan but ran into an issue during the credit check. App got stuck & wouldn’t move, so I reached out to support team via email & whtatsapp. They were incredibly genuine, polite & cooperative. They resolved the issue within 2 hrs & I received my loan by end of the day. The money was credited to my registered acc. Since I repaid my first loan on time, my credit line increased. Highly recommended!

Don't go for it. I preclose my loan by paying for three months, in hope of increased credit limit and fee concession, but after applying again they just processing the application for last few days. My credit score is good, they all have the credentials, then how much time is required? Customer service also have no answer, I decided to uninstall the app after my investment in gold on this app is cleared.

The interest rate is too much. 30 percent per annum. The app is always not working properly. The bug issue needs to be fixed. Initially, they showed different loan amounts and then rejected for no reasons and then decreased the amount instantly. Don't know why. The processing fee is 10%, which is higher than any other loan app. Don't waste your time applying here.

What's new

"SmartCoin is now Olyv: Fresh app, sleek design, and a new name. Your trust, still the same."