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Overview Eligibility Features & Benefits Fees & Charges Documents FAQs Terms & Conditions

Product Overview

CreditSea Personal Loan is a digital, unsecured personal loan facility available through CreditSea's lending platform and its RBI-registered NBFC partners.

Eligible customers can apply online for personal loans of up to ₹2 lakh, with repayment tenure of up to 36 months. The process is fully digital, with online application, verification and bank-account disbursal.

CreditSea states that the loan can be used for personal requirements such as medical expenses, weddings, travel, emergencies, debt consolidation and other eligible financial needs.

With fast processing, minimal documentation, and easy eligibility, it is a reliable option for entrepreneurs and individuals looking for quick financial assistance.

Eligibility Criteria

According to CreditSea's current published eligibility information:
Age: 21 to 55 years
Minimum Monthly Income: ₹18,000 for metro applicants and ₹15,000 for non-metro applicants
Nationality: Resident Indian citizen
Work Experience: At least 1 year in the current job/profession
Applicant must meet the credit and underwriting requirements of the lending partner
Final eligibility, loan amount and interest rate depend on the applicant's financial and credit profile.

Features & Benefits

???? Loan Amount: ₹6,000 to ₹2 lakh
???? Interest Rate: Starting from 14% p.a.
???? Tenure: Up to 36 months
???? Unsecured Loan: No collateral required
???? 100% Online Process
�� Quick Approval: CreditSea promotes express approval after application review
???? Direct Bank Disbursal: Approved funds are transferred to the borrower's bank account
???? Minimal Documentation
???? Flexible Repayment Options
???? RBI-Registered NBFC Partners: Loans are sanctioned and disbursed by lending partners, not by CreditSea itself.

Fees & Charges

ChargeDetailsInterest RateStarting from 14% p.a.; final rate depends on eligibilityProcessing FeeUp to 4% on the current Personal Loan product pageLate Payment Fee₹500 or 3% of overdue amount, whichever is higherBounced Payment Fee₹500 + GSTMandate Rejection Charges₹250 + GSTOther ChargesAs applicable under the specific lender's loan agreement
CreditSea's terms also state that exact pricing is determined by the lending partner and disclosed in the Key Fact Statement (KFS) and Loan Agreement before acceptance.

Documents Required

CreditSea's current application requirements may include:
KYC Documents
PAN Card
Address Proof
Aadhaar/eKYC details
Selfie for eKYC
Income & Banking Information
Employment type
Monthly income
Company name
Bank statement
Disbursement bank account details
Other Details
Mobile number
Email ID
Date of birth
Current address
Reference/contact details
eNACH or UPI e-mandate, where applicable
The exact documentation may vary according to the lending partner and applicant profile.

FAQs

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Eligible applicants can apply for a Personal Loan of up to ₹2 lakh.

The current eligibility page lists personal loans starting from ₹6,000.

CreditSea's current Personal Loan page states that interest rates start from 14% p.a. The final rate depends on eligibility and the lending partner's assessment.

The current Personal Loan product provides repayment tenure of up to 36 months.

No. CreditSea's Personal Loan is an unsecured loan, so collateral is not required.

Resident Indian citizens meeting the applicable age, income and work-experience criteria can apply, subject to the lending partner's credit assessment.

No. CreditSea states that it is a Lending Service Provider (LSP) and does not itself lend money. Loans are sanctioned and disbursed by its RBI-registered NBFC partners.

After approval and acceptance of the loan offer, the approved amount is transferred to the borrower's bank account.

Terms & Conditions

CreditSea acts as a digital lending platform/LSP and facilitates loans through its lending partners.
The final loan amount, interest rate, processing fee, APR and repayment schedule are determined by the respective lending partner.
The applicable terms will be provided in the KFS and Loan Agreement before the borrower accepts the loan.
Late-payment, bounce, mandate and other applicable charges may be levied according to the applicable loan terms.
Loan approval is subject to eligibility, credit assessment and verification.
Applicants must provide accurate personal, employment, income and banking information.
CreditSea does not authorize third parties to demand upfront fees in exchange for guaranteed loan approval or disbursal.
Terms and conditions apply.

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