• Sun. Dec 22nd, 2024

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Privo Instant Personal loan

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  • Privo Instant Personal loan

Privo Instant Personal loan

Dream confidently with Privo by your side

  • Features

    ✔️ Credit Line amounts ranging from ₹20,000 to ₹2,00,000

    ✔️ Flexible repayment ranging from 3 months to 60 months

    ✔️ Interest rate starting at 13.49% pa

    ✔️ 0% to 3% processing fees

    ✔️ Instant approval and transfer of funds

    ✔️ 100% paperless

    ✔️ Pay interest only for the amount that you borrow

    ✔️ 0% Foreclosure fees

    ✔️ No hidden charges

    Fee & Charges

    ✔️ Processing Fee: 0 to 3%

Category:

Description

  • Eligibility Criteria

    ✔️ Monthly in-hand income: ₹20,000 or more

    ✔️ Minimum CIBIL score: 670

    ✔️ Age: 21 years to 57 years

    ✔️ Must be an Android User

    Documents required

    ✔️ Proof of ID

    ✔️ Address proof

    ✔️ Proof of income

    Step by step process

    ✔️ Suggest Privo credit line to everyone in your network, meet and educate them properly about its benefits.

    ✔️ Open the details by clicking on the product and share the link with interested customers.

    ✔️ Ask the customer to click on the link shared by you then enter name & mobile number to continue

    ✔️ The link will redirect customers to the Privo app download link.

    ✔️ The customer has to install the app on their Android smartphone.

    ✔️ Log in using the mobile number and click ‘Continue’.

    ✔️ Verify the mobile number with the OTP received.

    ✔️ Click ‘Continue’.

    ✔️ Grant access permission to SMS, location, and camera and continue.

    ✔️ Now, the customer has to enter their personal details, including full name as per PAN, date of birth, PAN, current address pincode, and email.

    ✔️ In the next step, the customer must enter employment details. In case of a salaried person, the customer must enter the company name and monthly income. In case of self-employed, customers must enter monthly income.

    ✔️ After ensuring the details are correct, tap the ‘Continue’ button.

    ✔️ The application will now start processing. This may take up to 1-2 mins.

    ✔️ The approved credit limit will now be available on the screen.

    ✔️ To continue the application, click on ‘Proceed to KYC’.

    ✔️ Enter Aadhaar number and verify with the OTP received on the Aadhaar-linked mobile number.

    ✔️ Now, click a selfie by tapping on the ‘Open Camera’ option.

    ✔️ After a successful KYC verification, read the credit line agreement and then, click ‘Accept’.

    ✔️ Click on the ‘Proceed to Withdraw’ button to transfer the required amount.

    ✔️ Enter bank details to withdraw the amount. Make sure to enter the correct details.

    ✔️ Click on ‘Continue’ for account verification.

    ✔️ An amount of INR 1 will be deposited into the account for verification purposes.

    ✔️ The bank account details will be available on the screen. Confirm and proceed. In case the details are incorrect, the customer can edit the bank details.

    ✔️ After a successful e-mandate, the customer can finally enter the required amount and suitable tenure.

    ✔️ Check the applicable interest charges and other details regarding the credit line amount.

    ✔️ Click on ‘Withdraw’.

    ✔️ Enter and submit current address details and click on ‘Withdraw’.

    ✔️ The amount will be credited to the customer’s bank account.

    Rules to follow

    ✔️ Applicable only for new users.

    ✔️ The customer should use the same mobile number throughout the process from the lead page onwards

    ✔️ If you are not able to finish the loan process due to any reason, then you have to complete the process using the same link, or else the lead would be rejected.

    ✔️ Customer phone number must be linked with this Aadhaar Card.

    ✔️ Customer must complete the application on their device. if more than one customer use the same device to apply, then no commission will be paid.

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