CreditSea: Personal Loan App

CreditSea

About this app

CreditSea Personal Loan App makes credit fast, easy, and hassle-free! Apply digitally and get instant loan approvals with a 100% online process.

👉 Please note: CreditSea is a digital platform (Lending Service Provider – LSP). All loans are sanctioned and disbursed solely by our RBI-registered NBFC partner, Meghdoot Mercantile Private Limited (RBI Registration No: B-05.03357).

Our Lending Partner

Meghdoot Mercantile Private Limited (https://meghdootmercantile.com/
)

RBI Registration Number: B-05.03357

What We Offer (through Meghdoot Mercantile Pvt Ltd)

✅ Loan Amount: ₹5,000 – ₹2,00,000 (sanctioned by Meghdoot Mercantile Pvt Ltd, RBI-registered NBFC)
✅ Interest Rates: 12% – 32.5% per annum
✅ Loan Tenure: 6 – 60 months
✅ Processing Fee: Up to 5.1% of the principal amount + GST
✅ Quick & Direct Transfer: Funds disbursed by our NBFC partner directly to your bank account
✅ No Collateral Required: Get a loan without pledging any security
✅ Foreclosure & Part-Prepayment Available
✅ Maximum APR – 30.15%

Eligibility Criteria

✔ Indian Citizen
✔ Minimum Age: 22 years
✔ Minimum Monthly Personal Income: ₹20,000
✔ Monthly Household Income: ₹25,000+
✔ Valid Identity & Address Proof (Govt. Approved)
✔ Aadhaar-linked Mobile Number
✔ Salaried Employee with Permanent/Regular Status
✔ At least 2 Months Work Experience in Current Company (for Salaried Employees)

Documents Required

📜 PAN Card
💰 Income Proof (Bank Statements Reflecting Monthly Income)

Example of How a Loan Works (Illustrative)

💡 Loan sanctioned by Meghdoot Mercantile Pvt Ltd: ₹2,00,000 for 3 years
💰 Processing Fee: ₹8,260 (3.5% + GST + ₹500 Stamp Duty)
📉 Interest Rate: 24% p.a. (on reducing principal balance)
💳 EMI: ₹8,020 per month
📊 Total Payable: ₹2,88,720
📌 Total Interest Paid: ₹80,460
📈 Annual Percentage Rate (APR): 30.15%

Fees & Charges (as applied by NBFC partner)

💳 Foreclosure Charges: 4% of Principal Outstanding* + GST
💰 Part-Prepayment Charges: 4% of Principal Prepaid* + GST
⚠ EMI Bounce Charge (1st Day): 4% of Principal Overdue* or ₹500 (whichever is lower)
📌 Penal Charges (2-180 Days): 36% p.a. on Principal Overdue (+ GST if applicable)
🔹 *Rounded to the nearest rupee

How to Apply for a Personal Loan on CreditSea Personal Loan App

1️⃣ Download the CreditSea Personal Loan App
2️⃣ Sign up & Complete Your Profile
3️⃣ Upload Required Documents (Bank Statement, etc.)
4️⃣ Select Loan Amount & Tenure
5️⃣ Receive Cash in Your Bank Account (disbursed directly by Meghdoot Mercantile Pvt Ltd)

Our Policies

Privacy Policy: https://creditsea.com/privacy-policy

Terms and Conditions: https://creditsea.com/terms-and-conditions

Privacy Policy of Meghdoot Mercantile (NBFC): https://meghdootmercantile.com/privacy-policy

Account Deletion: https://www.creditsea.com/account-deletion

Application Requirements

📱 Mobile Number
📧 Email
👤 Full Name
📅 Date of Birth & Gender
📇 PAN Card
🏢 Employment Type & Company Name
💵 Monthly Income
🏠 Address Proof (Permanent & Current Address)
📷 Selfie
📄 Bank Statement & Employment Proof (Salary Slip / Office ID / UAN – for Salaried Employees)
📞 Reference Contact
🏦 Disbursement Bank Account Details
🔄 eNACH / UPI e-Mandate

Why Choose CreditSea?

✔ Fast & Easy Loan Application
✔ Completely Digital Process
✔ Quick Loan Approval
✔ Instant Loan Disbursal by our NBFC partner
✔ No Hidden Charges
✔ Trusted by Lakhs of Users
✔ Partnered with RBI-Registered NBFC (Meghdoot Mercantile Pvt Ltd)

📲 Download the CreditSea Personal Loan App Now & Apply Instantly! 🚀