Finance

SmartCoin: Information, Eligibility Criteria, Interest Rates, Review & More

Shahnawaz Alam

Finance May 11, 2023

Smart Coin brings the easiest opportunity for people with low levels of income to afford short-term personal loans. Whether you are self-employed or a salaried worker, you can take short-term personal loans from this app-based loan service that works with RBI-registered NBFCs.

However, what are the eligibility criteria for getting a smart coin loan? Is it safe? What do other customers who have taken loans from them have to say about Smart Coin?

Calm down, I know you have all of these questions. But, once you give this article a read, you will learn about all that you need to know. So, without any delay, let us start.

What Is A Smart Coin?

No, it is no cryptocurrency; the name might make you think of it as a cryptocurrency, but in reality, it is an app-based consumer lending platform. The platform partners with RBI-registered NBFCs to offer short-term loans to salaries, individuals, and freelancers.

Their vision is to address different concerns in the consumer loan sector in India. Although it started as a small lending corporation, its vision of micro-lending is evolving towards a larger dream. Their full suite offering will include gold savings, insurance, and more. They have more than 1 crore customers across India and more than 1700 CR disbursed in loan amount.

SmartCoig gives you small amounts of loans for a short-term tenure. You can take loans of 1000 rupees to 70000 rupees that last for a tenure between 91 days to 270 days. But the loans come with a minimum interest rate of 20% and a maximum interest rate of 36%.

Also, the platform is based on a patented algorithm, which helps the customers to do risk assessments before availing of their loans. The seamless online application of the Smartcoing app makes it easier for borrowers to get a loan. Once their application is deemed eligible, the money will be transferred to their account instantly.

What Are The Offerings Of Smart Coin?

So what does the SmartCoin platform offer to its borrowers? Here are the different offerings of the smart coin lending software –

Instant Personal Loan

Now, you can get a loan within an instant. With smart coins, customers can get instant personal loans in their smartphones within a few minutes. Yes, the process is digital, but your security is not compromised. It is completely safe. All you need is for your application to get approved.

Gold Rewards

Not only loans but you can also be rewarded based upon how good of a borrower you are. Once you repay your loans timely and refer the platform to your friends for similar use, you will get gold rewards. Is not that amazing?

Gold Savings

The platform also offers 99.95 pure digital gold helping you to save and grow your saving. You can save a minimum of 10 rupees on 24K with the gold savings offerings of SmartCoin. It is undoubtedly one of the best opportunities for those looking for a reward savings option within a lending platform.

Credit Score

Your credit score can put a good impression on your financial graph. That is why you need to have a good credit score. Smartcoin lets you check your credit score from the Credit Score Bureau for free. This is what you need to stay disciplined financially.

Why Should Take Smart Coin Loans?

My point exactly. You can take loans from other lenders or lending partners. But why smart coin? Go through the points to know the benefits of taking loans from SmartCoin –

This a collateral-free loan-providing platform: In other words, you don’t have to provide any collateral when applying for loans in Smart Coin. So, if you are thinking of borrowing some money, you don’t have to arrange money to pay collateral when applying for loans.
Repeat loan is easier with Smart Coin: If you have repaid your loan and want to avail of another loan from smart coin, they don’t need you to submit the documents again. Once you have submitted your documents, it stays with them, and you can apply for a repeated loan without resubmission of your documents.
The easy application process for borrowers: most banks and loan providers make the application process way too hectic. Going through all that difficult process only to get your application rejected is exhausting. But, with smart coins, the process is quite simple. They require only some minimal documents for the application.
Direct Fund transmission: The application needs only a few minutes to be approved. Once approved, the fund gets transferred to the borrower’s account directly. As a result, you don’t have to wait around for days or weeks to get your loan approved and transmitted during a crisis.

Who Is Eligible To Use Smart Coin App?

If you want to avail of a loan from Smart Coin, you need to fulfill the below-mentioned eligibility criteria –

Applicants need to be at least 23 years old to apply for a loan.
The loans are only available to Indian residents.
People who can apply for a loan are usually salaried individuals, business owners, and support executives.
Applicants should have a minimum monthly income of 15000.

Documents You Need To Apply For Smart Coin Loans

You need the below-mentioned documents to apply for a loan at the Smart Coin platform –

Bank statement
Selfie of applicant
Address Proof
PAN card

How To Use Smart Coin App?

So, how to use the Smart Coin App? Here are the simple steps that you need to follow for that –

First, go to your App Store or Google Play Store to download the app on your smartphone.
Users can log in to the app using their Facebook or Google accounts.
Now, they have to fill in the application for the loan.
Now, they must upload the documents required for the approval of the loan.
Once the application is approved, users will get the fund transmitted directly to their bank account.

You should follow these steps to get your loan funded in your bank. However, if you need more help, you can contact us through smartcoin customer care number ( Toll Free: 91483 80504).

Bottom Line

So, that was all the important info you needed to know on Smart Coin. This article can help you install, use and apply for loans on Smart coin. You can use the how-to-use section for smartcoin login also.

Hopefully, this article was helpful. However, if you have more queries, please let me know in the comment section. I will get back to you ASAP.

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Shahnawaz Alam

Shahnawaz is a passionate and professional Content writer. He loves to read, write, draw and share his knowledge in different niches like Technology, Cryptocurrency, Travel,Social Media, Social Media Marketing, and Healthcare.

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How To Earn Money With PancakeSwap

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Harvest After accumulating enough CAKE, you can harvest or claim your earnings by depositing them into your wallet. There may be transaction fees involved when you do so, so you’ll need to select a good time to withdraw your tokens. Conclusion While it’s relatively new to the digital market, PancakeSwap offers a promising opportunity for newbie crypto investors to grow their money. This AMM is considered to be beginner-friendly, and it allows users to earn rewards easily. Moreover, it has a growth potential worth taking a chance on, so it’s wise to act fast and grab the opportunity as early as possible. Additionals How To Build An Ecommerce Website To Boost Your BusinessHow To Start A Dropshipping Business In 2021 – A beginners GuideCumrocket Crypto Price: Where To Buy Cummies (Cumrocket) Cryptocurrency?Is Dropshipping Legal? Things You Have To Considered When Doing Dropshipping In 2021

Goldman Sachs Recommends 5 Stocks To Buy As It Updates About AI’s Role In The Music Industry

Goldman Sachs's statements about the role of AI in the music industry in the future raise hopes for music shares. The investment company is optimistic about the structural change that is about to happen in the music industry. Last month Goldman Sachs raised its estimates for the revenues regarding the music industry, where they predicted that the industry would be worth $94.9 billion by the end of 2023, and by 2023, it will be worth $153 billion. It described that AI would bring "significant opportunities" for the music industry in the next few years. As per Goldman Sachs' analysts' claim on 28th June, “Generative AI will super-charge music creation capabilities and improve productivity.” Furthermore, regarding AI’s concerns in the music industry with fake syncing, the analysts claimed that many investors are overstating them. The investment company named five stocks that are expected to remain in trend for a long time in the music industry. These are Universal Music Group, Warner Music Group, Live Nation, Believe, and NetEase. Goldman Sachs claims all five stocks as top stocks. The Goldman analysts directed many eyes towards the music industry, as they added, “We believe the music industry is on the cusp of another major structural change given the persistent under-monetisation of music content, outdated streaming royalty payout structures and the deployment of Generative AI.” The analysts at Goldman Sachs reported that the music industry is properly set up to protect its intellectual property rights. This is because there are three large companies on the list that have already established in the industry for a protracted time. The hopes for the music industry are lofty, as the new technology systems coming with AI will reportedly change the perception and the processes of music creation. Read Also: Elon Musk Again Tops The Chart For Becoming The Richest Person In The World, Beating Bernard Arnold $852 Billion Surge Lead By Zuckerberg Among The World’s Richest People Sudden Demise Of Sylvester DaCunha Makes Shocked The Nation

SmartCoin: Information, Eligibility Criteria, Interest Rates, Review & More

What Is A Smart Coin?