Personal Loan With MobiCred

What is a MobiCred Personal Loan

Chennai the gateway to the culture of South India has one more reason to celebrate with the operation of MobiCred Instant personal Loan app

A personal loan is an arrangement of borrowing cash for meeting emergency financial needs. It is often known as unsecured loan as no other collateral security is insisted upon. Here only personal guarantee and commitment of the primary borrower is insisted upon. The money is disbursed to customer's bank account in the form of a loan.
MobiCred is an easy to use digital lending solution provider which enables customer to apply and avail personal loans from the comfort of their home. It is a secured mobile app of Oricred Finserv Pvt Ltd, a registered NBFC. Loan gets sanctioned promptly after upload of all necessary documents. Entire process from loan application, verification, approval, completion of documentation and disbursement is totally digital, fast and contactless. Customers have to register their details in the app, upload the necessary KYC and other documents required for the loan approval process. Once approved, the money is transferred to the customer's bank account.

MobiCred personal loan offer loans upto Rs.1,00,000 without any collaterals, flexible tenure from 90days to 365 days with attractive rate of interest and zero foreclosure charges. Customers can use the loan amount for their emergency needs, medical expenses, purchase of white goods, mobiles, computers and even two wheelers. Customer can also fulfill their marriage, travel and house renovation expenses from personal loan.

Feature and Benefits of MobiCred Personal Loan
Know about the features and benefits of Personal Loans

MobiCred is a new-age financial services platform that leverages technology and data-science to make lending quick and easy. It is backed by Oricred Finserv Pvt Ltd, a registered NBFC with RBI. Oricred Finserv Private Limited has been incorporated in the year 2018. The Company has a vision to provide loans and financial services to all segments and sectors of the society through use of technology and innovation.

Fully digital & Paperless

The process is fully digital, paperless and contactless. Create your profile, upload your live photo, upload aadhaar and pan card, provide bank details and upload bank statement. Select the loan amount, and apply. Once verification and approval process is completed, execute e-NACH and agreement. The loan amount will be instantly credited to your bank account.

Quicker, Faster and Convenient

The process is hassle free, fast and convenient. The mobile app page will guide you through the various stages. The loan gets approved and disbursed in a short time span, once all the required documents and kyc has been properly completed.

Flexible Loan & Repayment Option

Loan amount can be selected as per your requirement from Rs.8000 to Rs.1,00,000 . Select your repayment period from 90 days to 365 days as per your convenience.

Zero foreclosure charges

There Is No Foreclosure Charges If You Close The Loan Before Completion Of Tenure, No Extra Burden

Attractive and reducing interest rates

Interest charged on actual outstanding, ranging from 1 % to 2.5 % per month on reducing balance and processing fees ranges from 0% to 5% of loan amount plus applicable gst.

No Colateral

MobiCred personal loans can be availed without any collateral or security, which makes it convenient for applying loans.

One Personal Loan to Mesmerise your soul
Don't worry for your Low Budget

  • School Fee
  • Two Wheeler Loan
  • Consumer Durables Loan
  • Travel Loan
  • Medical Loan
  • Home Renovation Loan
  • Instant Cash Loan
  • Mobile Phone Loan
  • Personal Computer Loan
  • Marriage Loan

As parents providing your children with the best education is always an aspiration. To give wings to your aspiration, MobiCred provides EMI option for your school fees, whether it is new admission or readmission.

Get yourself a two wheeler by availing two wheeler loan and commute hassle free to your work, outing and shopping as per your convenience.

Upgrade your gadgets, home appliances and buy latest electronic products by availing our consumer durable loans.

Avail Travel Loan for exploring new destinations and spending leisure time with your loved ones with an EMI option.

Whether it is a medical emergency or a planned medical expenses, get the need fulfilled without any worries and pay back in easy instalments.

Getting a new look for your home during festive seasons or a routine renovation of your home, MobiCred personal loans are just a click away.

When there is a sudden requirement of additional cash for unforeseen expenses, our personal loans will provide you money instantly.

Upgrade to the latest mobile phones, which has become a basic necessity in our day to day life. Avail our personal loans and keep yourself up-to-date with the latest technology and trend.

Be it a Personal computer or a Laptop for your children , or your own use, no more waiting for your bonus, avail Personal computer loans instantly and get going.

Wedding is a life time event , fulfil all your wish and do not worry for budget shortfall, MobiCred personal loans will fulfil your wish with flexi EMI options.

A personal loan is an arrangement of borrowing cash for meeting emergency financial needs. The money is disbursed to customer's bank account in the form of a loan.
To fulfil any planned/unplanned needs, any person within age group between 22-55 years with minimum salary of Rs.15000/- per month is eligible to apply for personal loan. The loan amount can be used for any bonafide purpose.
Depending on the applicants profile and credit history, loan amount vary from Rs.8000/- to Rs.100000/- and repay in easy EMI ranging from 90 days to 365 days.
Interest rate may vary from 1 % to 2.5% per month depending upon the profile and credit history. Processing fee ranges from 0% to 5%. The details of the charges will be shown on the mobile app at the time of loan application.

Eligibility & Documents
Eligibility Criteria and Required documents for personal loan

Eligibility Criteria

  • Must be an Indian citizen
  • Must be above 22 years and below 55 years
  • Must be pursuing full time job
  • Minimum take home salary of Rs. 15000/- per month credited in bank account
  • Must have completed one year of service period at the time of application

Required Documents

  • Aadhaar card
  • Pan card
  • Institution id card
  • Valid live photograph(to be uploaded on the MobiCred app)
  • Bank statement for three months where salary is credited
  • Valid address proof:- Driving license/Gas passbook and receipt/Electricity bill/Land line Bill   (Note:-all utility bills to be within 90 days)

Calculate Your EMI
Low interest rate personal loans

Monthly Payment(EMI)
Total Interest Payable
Total of Payments (Principal + Interest)

the MobiCred app