FAQ'S

Frequently Asked Questions

Got queries? We’ve answered the most common ones below to help you decide with confidence.

Can I apply for a loan if I am self-employed?
Yes, both salaried and self-employed individuals can apply. We assess various factors such as your income consistency and business performance.
What documents are generally required for loan applications?
Basic documents include identity proof, address proof, income statements, and bank account details. Additional documents may vary based on your profile.
Is it possible to check my loan status online?
Yes, you can track the progress of your application through your online dashboard or by contacting our support team for updates.
Can I repay my loan earlier than scheduled?
Yes, early repayment is allowed. Depending on the product, there may or may not be prepayment charges, so it’s best to check beforehand.
What if I need help during the application process?
Our support team is available to guide you at every step. You can reach out via chat, email, or phone for personalized assistance.

Overview

Average Percentage Rate (APR)

Instant Credit is a service arm of CredBuddha – a loan aggregator platform operated by Intexm Media Private Limited, a registered financial technology company that facilitates loan aggregation through RBI-regulated banks and NBFCs. You can secure an instant personal loan ranging from ₹10,000 to ₹15 Lakhs. Our preferred lenders offer interest rates starting at 11.99% p.a., and you can choose from a variety of flexible repayment plans, ranging from 3 months to 5 years. Use these funds for any financial needs you may have.

Example Calculation
  • Loan Amount: ₹2,00,000
  • Interest Rate: 12%
  • Repayment Tenure: 2 years
  • Processing Fee: 2% = ₹4,000 + GST = ₹4,720
  • Line Setup Fee: ₹499 + GST = ₹588 (to be paid before starting the credit line)
  • Monthly EMI: ₹9,415
  • Total Interest: ₹25,953
  • Total Repayment Amount: ₹2,25,953 after 2 years

The maximum Annual Percentage Rate (APR) can go up to 35%, depending on our RBI-approved lenders.

Why Choose the Cred Buddha App?
  • Instant Loans up to ₹50 Lakhs*
  • Affordable Interest Rates: Starting at 11.99%* p.a.
  • RBI-Approved Lenders
  • 100% Paperless Digital Application
  • Highest Approval Rate & Quick Disbursal
  • Flexible Repayment Plans: 3 months to 5 years
  • Transparent & Convenient Loan Process
  • Safe & Secure Transactions

Your data is secure with us. It is transferred over a secure HTTPS connection, and we do not share it without your consent.

Instant Loan Eligibility with Cred Buddha
  • Age: 21 to 60 years
  • Residence: Indian Resident
  • Income: Minimum monthly income of ₹15,000 (for salaried) or annual turnover for self-employed (as per lender)
  • Credit Score: CIBIL score of 650 or higher* (subject to lender approval)
  • Employment: Salaried job in the public/private sector or consistent self-employed income
  • Business Vintage Requirement: Minimum of 2 years or more (only for business loans)
Steps to Apply for an Instant Loan
  1. Log in to the Instant Credit application.
  2. Provide your basic personal information.
  3. Specify the loan amount you need.
  4. Connect with RBI-approved lenders.
  5. Receive the funds directly in your bank account.

It's safe, instant, and reliable!

Our Lending Partners

Bajaj Finserv, LoanTap, Aditya Birla Capital, Bhanix, Fibe, Zype, Incred Finance, Poonawala Fincorp, Fatak Pay, Flexi Loans

Disclaimer: The information provided is accurate to the best of your knowledge. You have read and understood our Privacy Policy and Terms and Conditions. This submission does not constitute a final agreement or approval from Instant Credit. All applications are subject to our internal review and approval process. Instant Credit is not liable for any errors or omissions resulting from incorrect information provided by the user. For personalized financial advice, please consult with a qualified financial advisor.