CRED Cash Unlocked - Loan

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Got a message from CRED that I have unlocked CRED cash and can avail 5 Lacs loan at mere 12.5% interest rate… Checked in App too..Sounds too good to be true and also one can repay the full amount anytime without any preclosure charges….Anyone tried them?

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My friend took 71k loan for 6 months but pre closed this week, no extra charge
But keep in mind when taking loan there is some bank charge

Interest rate is really good

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SastaRaju wrote:

My friend took 71k loan for 6 months but pre closed this week, no extra charge
But keep in mind when taking loan there is some bank charge

Interest rate is really good

Thanks for the info…KG+

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Dileep_kumar wrote:

Depends on cbil score n other factors least is 11% I think

This was their main motto

Build a credit worthy base and offer loan with very less chance of default

Well played Kunal sunglasses

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All good n flexible. but interest rate is very high

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Andhra_Abbayi wrote:

Where to check on Cred app?

After u login, click on the top right option called Control, might be there if u have already unlocked..

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SastaRaju wrote:

This was their main motto

Build a credit worthy base and offer loan with very less chance of default

Well played Kunal sunglasses

Yes, having the users itself and their activity is the added advantage, perfect database!

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flawlessking wrote:

After u login, click on the top right option called Control, might be there if u have already unlocked..

Thanks but no such option for me!

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took PL from icici at 10.5%, no foreclosing fess, but foreclosing allowed only after 1 year of repayment.

Missing