IndiaLends-Loans, Credit Score

IndiaLends - GC Web Ventures Private Limited

About this app

IndiaLends is an online marketplace for credit products and offer free credit report, range of credit cards and personal loans from different Banks and NBfcs. IndiaLends offers instant personal loans to its customers with most products being fully digital. IndiaLends also provides technology, data and credit analytics solutions along with a loan management platform to financial institutions. IndiaLends is run by a team of credit risk professionals and data scientists with multiple years of experience in consumer credit.
Product features:
Personal loan
Get personalized personal loan offers up to ₹25 lacs at interest rates starting 10.25% for a tenure ranging from 1 year to 5 years. The app selects the best suitable Banks/NBFCs offering minimal interest rate and easy approval based on your personal loan eligibility. IndiaLends has associations with over 50+ banks and NBFCs .
Personal Loan Eligibility
Age - 18 years - 60 years
Employment Type - Salaried/Self-Employed
Minimum Net Income (monthly) - ₹10,000
Work Experience - Salaried for at least 6/12 months or Self-Employed for at least 3 years

Tenure: (Min) 6 to (Max) 60 months

Annual Percentage Rate ranging from 10.25 (min.) to 25% (max) depending on customer’s credit and risk profile

Representative Example
With a representative 25% APR based on borrowing ₹ 5 lacs and repaying over 60 months with 60 monthly repayments, the monthly repayments will be ₹ 14,676 which can be paid within a tenure of 60 months.
The total payout here would be:
Principal Amount – Rs 5,00,000
Interest Charges (@25%): Rs 3,80,540
Loan processing Fee (@2%): Rs 10,000
Documentation Charges: 400
Amortization Schedule charges: 150
Total cost of the loan: Rs 8,91,090

Our Lending Partners:
KrazyBee Services Private Limited
EarlySalary Services private Limited

*Please note the processing fee can vary from 1.5% - 6%. The figures provided are indicative and subject to change from time.
* However, in case of change of payment mode or any delay or non-payment of EMIs, additional charges / penal charges may also be applicable, depending on the lender's policy
Credit Card
With the IndiaLends app, get credit card suggestions from 40+ options and select the credit card that best suits you. Some of the credit card providers associated with us are ICICI Bank, HDFC Bank, American Express, SBI, Kotak Mahindra Bank, Citibank, RBL and Yes Bank.
Free Credit score / Cibil Score
At IndiaLends app, check your free Credit Score / Cibil Score worth ₹1200 and get a detailed analysis of your credit report / Cibil Report and tips to improve your score. Our latest feature allows you to refresh your credit report and know why your credit score has changed.
EMI Calculator
The simple and handy loan EMI calculator lets you easily calculate EMIs. All you need to do is enter the loan amount, interest rate and loan tenure, and you will know the convenient and easy EMIs basis the inputs entered.

Ratings and reviews

I am receiving WhatsApp messages from IndiaLends saying my loan request was submitted successfully, even though I never applied for any loan. This is very concerning and suspicious. I do not authorize any loan or financial activity in my name. If any fraud/scam is done using my details, I will not be responsible. I will also file complaints with cyber crime and other relevant authorities if this issue is not resolved immediately.

I was in a financial bind and needed funds urgently. This app was a lifesaver! The application process was quick, completely digital (no endless paperwork), and the approval came through within minutes. The money was in my bank account almost instantly after approval. The interface is simple and very easy to navigate. Highly recommended for anyone needing fast, hassle-free financial assistance!

Waste of time! Tried to do the credit card application, but when submitting at first it gives a message the income cannot be more than 1,00,000 then it says it has to be at least 2,04,000. No way to actually apply. Really don't appreciate apps which just waste a potential users time. Would have reserved judgement if there had been some customer service, but none to be found in app. Will uninstall immediately. Wish I could remove the download completely. Come on guys a little Q/A would be nice.

What’s new

This update includes feature enhancements, issue fixes, and performance improvements for a better app experience.