Credit Light

CreditLight is an online Personal Loan Platform for Indian users, Online lending which can meet users' multiple loan needs and provide help to users who need loans.

【Product Characteristics】
Loan Amount: from ₹ 1,500 to ₹ 20,000.
Interest Rate: The interest rate is from 12% to 36% per annum.The interest rate is from 1% to 3% per mensem.（Depends on the customer's risk profile and loan tenure）
Tenure: flexible tenure from 91 days to 365 days.
Processing Fee: Ranges from 2% ~ 10% for one-time charge(including loan processing fee, payment gateway fee, credit fee and GST. The fees will be reduced from the loan amount).
GST: 18% of Processing Fee (GST will be applicable only on the fee components as per Indian laws.)

【Interest Calculation】CreditLight
Loan Amount: ₹ 5,000
Term: 3 months
Interest: ₹5000x 3 x 25%*12 = ₹312.5
Processing Fee: ₹5000 * 10% = ₹500 (18% GST of processing fee, which is ₹90).
Total Repayment Amount: ₹5000 + ₹312.5 = ₹5,312.5
Equally Monthly Instalments (EMI): ₹1,770.8 per month

*These numbers are for representation only and the final interest rate or processing fee may vary from one borrower to another depending on his/her credit assessment.The maximum Annual Percentage Rate (APR) is no more than 36%.

【Benefits & Risks】
Get access to higher amounts & tenures as you repay on time.
As compliance requirement your payment behaviour is shared with credit rating agencies; based on that your credit score may increase/decrease.

【Why do you choose CreditLight 】
1. Get money in bank account within 24 hours
2. No credit history required
3. We give loans across India!
4. Repay in affordable EMIs
5. No Hidden fees

【Eligibility Criteria】
1. Aged between 18-59 years
2. An Indian Citizen
3. With regular source of income

【Responsible Lending】
CreditLight is an app-based lending platform that connects borrowers with NBFCs/Banks. All Loan Apps are sanctioned & approved by NBFCs/Banks registered with RBI and their details are shown upfront during Loan application. Details are also available in the Loan Agreements.

【Steps for availing an Instant Personal Loan from CreditLight 】
1. Install CreditLight
2. Register with a mobile number
3. Upload KYC documents and check your personal loan eligibility.
4. Accept the offer and get an instant approval for your loans.
5. Post-approval the loan amount is credited to your account instantly

【Security】
Our Instant Loans are safe:
Your data is transferred over a secure HTTPS connection, and we do not share it with anyone without your consent. All the transactions are secured via a 128-bit SSL encryption.

【Contact us】
For help or any other details about our instant personal loans, you may write to us at CreditLight [email protected]
Our office is located at - C/o Padma Bhandari Pilikothi Raj Vihar Badi Mukhani Haldwani Haldwani Nainital UR 263139 IN