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This App is an instant credit line and personal loan app from KSF Pvt Ltd, a leading Neo-Lending conglomerate, that lets you borrow money when you need it.
Pre-qualify in minutes and open a credit line up to 5 lakhs.
Interest rate starting from 13% p.a.
Privo works as a credit card and a personal loan. Get a sanctioned credit limit upto 5 lakh rupees and borrow whenever you want instantaneously.
Pay interest for what you borrow and reserve the rest to utilize at the tap of your phone.
Features :
1. Loans range from βΉ25,000 to βΉ5,00,000
2. Tenure: Min. 3 months | Max. 60 months
3. Interest rate: Min 13% pa | Max 30% pa
4. Processing fee – Min 1% | Max 3%*
*not applicable for PRIVO SQUAD
*GST applicable on the processing fee
Example:
1. Principal amount: 1,00,000
2. Tenure: 12 months
3. Interest rate: 13 p.a%
4. EMI: 8839
5. Interest Payable: 6070
6. Processing fee (@ 2% + GST after taking an average between 1% and 4%): 2360
7. Total cost of loan: 106070
8. APR: 15%
Benefits:
1. Go from Applied to Approved in minutes
2. Personal loan on Pan card and Aadhar card
3. 0% processing fees, 0% foreclosure fees, zero setup fees, zero line usage fees and no extras.
4. A fully paperless journey – all on your smartphone
5. Interest only on what you borrow
6. No interest on your credit limit
PRIVO SQUAD OFFER
1. Join the lucky draw and be one of the 100 people to join our squad and get the below benefits:
2. Zero Processing fees on the first withdrawal
3. Zero Prepayment fees
4. Personalized Welcome Kit
5. βΉ500 Amazon voucher
6. Early access to our premium features
Eligibility
1. Must be salaried with a monthly in-hand income of βΉ20000* or more
2. Min CIBIL score of 700
3. Should be aged between 21 years and 57 years
Charges:
1. Overdue Interest Rate/Default Interest Rate/ Late Payment Penal Interest: 3%
2. Full prepayment charges: 5% of outstanding amount + taxes
*not applicable for PRIVO SQUAD
3. Part prepayment charges: 5% of outstanding amount + taxes
4. Swap charges (Cheque/NACH): Rs 250/- + taxes
5. Dishonour charges: Rs 450/- + taxes
Documents required:
1. PAN Card
2. Aadhar/ Aadhar xml / Driving License / Passport / Voter ID
3. Last 3 months bank statements or other income proof
Uses:
1. π³ Refinancing
2. π Marriage or Wedding loan
3. π© Travel loan
4. π Home renovation loan
5. π 2 wheeler/4 wheeler loan
6. πββοΈ Personal loan
7. π» Consumer durables loan
8. π° Instant cash loan
9. π Education
10. π©ββοΈ Medical emergencies
11. π§ΎοΈ Debt consolidation loan
Contact
Email ID: [email protected]
Customer care number: 18001038961
How to apply for a personal loan ?
1. Download Privo from the Play Store
2. Create an account or Sign-in using Google account
3. Verify with mobile number and complete KYC