SmartCoin App is a Non-Banking Financial Institution (NBFC) approved personal loan application that provides quick and easy loans from ₹1,000 to ₹5,00,000 for the earning class and small scale industries.
Key Features of SmartCoin App Loan
- Loan Amount: ₹1,000 to ₹5,00,000
- Loan Tenure: 3 to 36 months
- Interest Rate: 20% to 36% (Depending on Eligibility and Loan Amount)
- Processing Fee: 2% to 5% of loan amount
- Loan Approval Time: Approval in 24 hours to 72 hours
- EMI Option: EMI payment through Auto-Debit/UPI
- 100% Online Process: No physical visit required for loan
Eligibility Criteria for SmartCoin App Loan
Age:
- Age should be 21 to 55 years to apply for the loan.
Minimum Monthly Income:
- For Salaried: Monthly income of ₹15,000 or more
- For Self-Employed: Annual Income ₹1.5 lakh or more
CIBIL Score:
- A minimum CIBIL score of 650 or above is required.
Savings Bank Account:
- An active bank account is required for salary/business transactions.
Mobile Number:
- Must have mobile number linked with Aadhaar card.
Documents Required for SmartCoin App Loan
Identity Proof (Identity Proof):
- Aadhaar Card
- PAN Card (Optional)
- Driving License/Water ID
Address Proof:
- Electricity/water bill
- Ration Card/Passport
Income Proof:
- Last 3 Months Salary Slip for Salaried
- Last 6 months bank statement for self-employed
- ITR (for last 2 years)
Bank Account Information:
- Bank passbook or last 6 months statement
Photo:
- 2 recent passport size photos
Online Loan Application Process through SmartCoin App
Steps for Loan through SmartCoin App:
- Download the SmartCoin app:
- Download SmartCoin App from Google Play Store.
- Download SmartCoin App from Google Play Store.
- Complete Registration and KYC:
- Enter your mobile number and verify through OTP.
- Upload Aadhaar Card, PAN Card and required documents.
- Enter your mobile number and verify through OTP.
- Select Loan Amount and Term:
- Select the loan amount (₹1,000 to ₹5,00,000) and tenure (3 to 36 months) as per your requirement.
- Select the loan amount (₹1,000 to ₹5,00,000) and tenure (3 to 36 months) as per your requirement.
- Upload documents:
- Upload proof of income and bank statement.
- Complete the e-KYC process.
- Upload proof of income and bank statement.
- Loan Sanction and Disbursement:
- The loan will be approved in 24 to 72 hours and the amount will be deposited directly into the bank account.
- The loan will be approved in 24 to 72 hours and the amount will be deposited directly into the bank account.
SmartCoin App Loan Amount, Interest & EMI Calculation
| Loan amount | period | Interest rate | EMI (approx.) | Total payment |
| ₹10,000 | 6 months | 24% | ₹1,850 | ₹11,100 |
| ₹50,000 | 12 months | 25% | ₹4,850 | ₹58,200 |
| ₹1,00,000 | 18 months | 26% | ₹6,500 | ₹1,17,000 |
| ₹2,00,000 | 24 months | 28% | ₹9,770 | ₹2,34,480 |
| ₹5,00,000 | 36 months | 30% | ₹18,200 | ₹6,55,200 |
SmartCoin App EMI Payment Options for SmartCoin Loan
- Auto Debit: Your EMI will be auto-debited on a specific date.
- UPI / Net Banking: UPI and Net Banking option available for EMI payment.
- Payment through NEFT/IMPS: EMI payment through manual transfer.
Important Points to Note for SmartCoin App Loan
- Maintain CIBIL Score: A good CIBIL score leads to faster loan approval.
- Make loan repayments on time: Modal payments can lead to penalties and impact on CIBIL score.
- Keep necessary documents available: Keep e-KYC and bank account details available anytime.
- Update EMI Mode Timely: Maintain sufficient funds in bank account for auto-debit.
SmartCoin App Customer Support
- SmartCoin Helpline: 080-6904-0904
- Email: support@smartcoin.co.in
Conclusion:
SmartCoin App is the best option for those who want to apply for an instant personal loan. Getting loans from ₹1,000 to ₹5,00,000 is now easy with 100% online processing, fast approval and flexible EMI repayment.
