Instant Personal Loan App

50K+
Downloads
Content rating
Everyone
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About this app

Quikkloan is a digital loan marketplace that facilitates personal loans through partnered Banks/ NBFCs at the lowest interest rate. Best Online Instant Personal Loan App for salaried employees in India. Personal Loan up to 50 Lacs. Minimum net salary 20,000 in Bank A/C. 100% Secured & Paperless Instant Loan App. 100% Online Process. No Collateral.

EMI Calculator
You can calculate your easy EMI payable by entering the loan amount, interest rate, and loan tenure in the EMI calculator.

Personal Loan Features & Eligibility
Instant Personal Loan - up to Rs.50 Lacs
Employment Type - Salaried & Self Employed
Min Work Experience - 6 to 12 months
Min Net Monthly Salary - Rs.25,000 without Incentive and Bonus
Min Business Tenure - 3 Years (Self-Employed)
Min Annual Income - Rs. 6 Lacs
Tenure - 3 Months (Min) to 60 Months (Max)
Interest Rate ranging between 10.75% (Min) to 25% (Max) depending upon the customer’s credit risk profile
Maximum Annual Percentage Rate (APR): 25%

Representative Example
Loan Amount - Rs.10,00,000
Repayment Tenure - 5 Years
Interest rate - 10.75% Annual Percentage Rate (APR)
Monthly EMI Repayment - Rs.21,618
Total Interest Repayable - Rs.2,97,077
Total Amount Repayable (Principal+Interest) - Rs.10,00,000+ Rs. 2,97,077 = Rs.12,97,077
*Processing Fee - Rs.10,00,000*1% = Rs. 10,000
Goods & Services Tax (GST) - Rs.10,000*18% = Rs. 1,800
Processing Fee including GST = Rs.10,000+Rs.1,800 = Rs.11,800

Total Amount Repayable (Principal+Interest+Processing Fees)= Rs.10,00,000+ Rs. 2,97,077 + Rs. 11,800 = Rs.13,08,877

*Please note the processing fee can vary from 1.5% - 3% + GST depends on the loan amount. The figures provided are indicative and subject to change from time.

Purpose of instant personal loan

  • Shopping / Electronic Purchases

  • Travel

  • Pursuing Short Term Educational Courses

  • Medical Emergency Expenses

  • Home Renovation

  • Debt Consolidation

  • Credit Card Repayment

  • Two-Wheeler Purchase


Bank / NBFC Partnership
Quikkloan has partnered with NBFC


  • Fullerton India Credit Co. Ltd.



KYC Documents Required
PAN, Aadhaar, Electricity Bill, Mobile Bill, Rent Agreement, 3 Months Bank Statements, and Salary Slip

10 Important Factors that determine personal loan approval
Your Loan application approval depends on your various factors including Income-to-Expense ratio, Age, Marital status, Education, Tenure with the Employer, Job Stability, Total work experience, Residence stability, Minimum CIBIL Score should be above 700, each bank/NBFC uses different CIBIL Score to approve the loan

Get your Equifax Credit Score & Report with Analysis for FREE!

  • The Quikkloan app allows you to check your latest Credit Report every month worth ₹1,200 for FREE

  • Checking your credit report through Quikkloan does not impact your credit score because it is considered a soft inquiry on your credit report

  • Credit Scores range from 300 to 900, and generally, a Credit Score above 750 is considered excellent by lenders

  • A credit score of 0 or 1, usually given to those who don’t have a credit history or have a thin credit profile in the last 6 months



Security & Safety of Privacy
The app protects all your confidential information with the best security standards practices to keep your information safe and secure. Protection of your privacy and your data security is a top priority.

Find us on
https://quikkloan.com/
https://www.facebook.com/quikkloan,
https://www.instagram.com/_quikkloan/
https://twitter.com/quikkloan

Additional information
info@quikkloan.com
8588821292 (Mon - Sat, 10 a.m. to 7 p.m.)
Updated on
Jul 20, 2022

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Financial info and App info and performance
This app may collect these data types
Location, Personal info and 8 others
Data isn’t encrypted
Data can’t be deleted

What's new


Release Name: Alpha 1.2.10
Release Date: 20th July 2022
Release Version: 10210

Changes:
Fixed Minor Bugs