ZestMoney Instant Personal Loan: Interest Rates, Eligibility, How to Apply

Many times in our life, we just need money to fulfill our dreams or fulfill our needs. In today’s organized money market, we seek loans for various purposes and turn to banks and other financial institutions. However, getting a loan is not always easy.

From documentation to your current income and credit history, there are many criteria on the basis of which the loan is granted.

Thankfully, the situation is changing now, and many financial and fintech startups are coming up with innovative ways to make it easier and quicker for customers to take out loans.

Bangalore-based ZestMoney is one such fintech startup that is making it possible for people with insufficient credit history to avail loans. People can get quick and easy loans and pay for products with ZestMoney Easy EMI.

Key Points of ZestMoney Tatkal Loan

    • Tenure from 9 to 24 months: Choose from a wide range of EMI plans at your convenient repayment tenure.
    • No Additional Documents Required : Yes, you read that right, no additional documents are demanded from you.
    • No EMI Closure Fee: You can close your EMI without any extra charges.
    • No Application Fee Required: You do not have to pay any additional application fee.
    • Individuals with no credit history or no CIBIL score can also avail the loan.
    • Completely digital process without paperwork.
    • Instant credit transfer to your bank account.
    • No indirect charges are levied.

How to get a personal loan from ZestMoney?

ZestMoney offers instant personal loans exclusively to consumers with ZestMoney credit limits. If you don’t have a credit limit, you can sign up.

How to Signup for ZestMoney Credit Limit?

Signing up for ZestMoney Credit Limit is very easy. For this just need to verify your mobile number and signup will be done.

How to activate your credit limit?

Fill your profile properly, submit the required documents for KYC and setup your repayment to activate your credit limit.

How to shop from any of our merchant partners?

You can use your credit limit to make purchases at any of 1000+ merchant partners.

How to become eligible for Personal Loan?

When you make purchases from any of their e-commerce partners and make timely payments, you become eligible to avail instant loans through their platform.

How to get your personal loan?

Once eligible, you get a personal loan without submitting any additional documents.

Where can we use ZestMoney?

We can use ZestMoney to buy anything on the main e-commerce websites that ZestMoney has partnered with. ZestMoney has partnered with more than 1000 e-commerce websites. Some of the main merchant partners include:

Flipkart Oyo Uber
Amazon PayTm Royal Sundaram General Insurance
MakeMyTrip Urban Ladder Simplilearn – online bootcamp & certification course provider
Myntra Fossil Pepperfry – Online Furniture store
Mi Homes Curefit Sangeetha Mobiles
Mi.com BookMyShow Jabong

Eligibility Criteria for ZestMoney Personal Loan

Once you make a purchase from any of ZestMoney’s merchant partners and make consistent repayments on time, you become eligible to avail a personal loan from ZestMoney without any additional documents. You need to fulfill the following criteria to get a personal loan:

  • You must be an Indian resident
  • You must be between 18 to 65 years of age
  • No credit card required.

What are the things we can use the ZestMoney app for?

The ZestMoney app can be used for a number of services, including:

  • Loan Management : You can manage old loans with ZestMoney App.
  • Loan Repayment: You can use the app to make repayment of your active loan.
  • Personal Loan Application: You can apply for a personal loan on the ZestMoney app.
  • Gift Cards: You can avail gift cards for merchant partners like Flipkart, Amazon, Myntra, MakeMytrip etc.
  • Merchant Partners: One can find merchant partners on both online and offline channels.
  • Customer Care: You can talk to the customer care support or even chat with them regarding your queries regarding personal loan.

What is ZestMoney Customer Care Number?

For any transaction, or loan related queries, you can fill up the form and the officials will visit the home within 24 hours. If you are an existing customer and need immediate assistance+91 – 6269000097You can also call the number.

help@zestmoney.in You can write to this email id.

Can also be contacted through website: https://www.zestmoney.in/contact/

ZestMoney Personal Loan Questions and Answers ( FAQs )

Question: What is the eligibility criteria to take the service of ZestMoney?
Answer: Any Indian resident of the age of 18 years or above, having a bank account, PAN card and valid address proof, can avail ZestMoney services.

Q: How can I increase my credit limit?
Answer: ZestMoney increases the limit based on the repayment behavior of all its customers. If you repay on time, it will increase your credit limit.

Q: Can a first time user sign up for ZestMoney account directly on the app?
Answer: First time users need to sign up for the website before signing up on the Android app.

Q: How can I check my credit limit?
Answer: You can inquire your credit limit by giving a missed call on 9513650707 from your registered mobile number. An SMS will be sent to you with your credit limit.

Q: What is the minimum wage required to sign up on ZestMoney?
Answer: For EMI application, no fixed income is required. ZestMoney independently evaluates each application based on various data points.

Q: Are there any prepayment charges?
Answer: You can pre-pay or pre-close the EMI account without any additional charges.

Q: How to pay ZestMoney EMI?
Answer: You can automate recurring payments with NACH/eNACH mandate services. Your monthly EMI will be automatically collected from your bank account on the due date. Timely payment helps you to increase your CIBIL score.

Question: What is Perfios?
Answer: Perfios is a web-based financial application that ZestMoney uses to securely access your recent bank statements.

The complete details of ZestMoney have been told in this post. What is the interest rate of ZestMoney personal loan? What are the documents required for ZestMoney personal loan? What is the eligibility for ZestMoney personal loan? How to apply for ZestMoney personal loan? What is the customer number of ZestMoney personal loan? Everything is explained in detail.

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