Key Features & Value Benefits
Low Credit Score Accepted
Apply for and secure loans with a CIBIL score as low as 500.
Lightning Fast Approval
Get your loan approved within 5 minutes and receive instant disbursal after signing the agreement.
Zero Foreclosure Charges
Complete freedom to repay your loan early with zero prepayment or foreclosure penalty charges.
Added Privileges
Flexible EMI Plans
Value: 3 to 36 Months
Choose a repayment tenure ranging from 3 months to 36 months to select an EMI plan that best suits your finances.
Fair Interest Calculation
Value: Reducing Balance
Interest rates range from 14% to 36% p.a., calculated purely on a reducing balance basis.
Eligibility Criteria
Age Bracket
22 to 50 Years
Min. Monthly Income
₹25,000 / mo
Employment Type
Salaried and Self-employed
Credit Score Needed
500
500+ (New to Credit is NOT allowed)
Collateral / Security
No
Guarantor Required
No
General Terms: Income requirement: Rs 25,000 for Salaried & Rs 50,000 for Self-employed.
Work Experience: Minimum Business Vintage of 2 years required for self-employed applicants.
Detailed Eligibility Matrix
Age
22 - 50 Years
Occupation
Salaried & Self-Employed
Monthly Income
Rs 25,000 / Rs 50,000
Business Vintage
2 Years
Credit Score
500+ CIBIL
Fees & Other Charges
| Charge Name | Standard Terms |
|---|---|
| Processing Fee | Standard |
| Prepayment / Part-Payment | NIL (Zero prepayment charges) |
| Foreclosure Charges | NIL (Zero foreclosure charges) |
| Late Payment Penalty | 2% per month on overdue EMI amount + applicable taxes. |
| EMI Bounce Charges | ₹400 to ₹750 per bounced mandate + GST. |
Additional Fee Schedules
Prepayment Charges: NIL
No penalty for paying off your loan installments early.
Foreclosure Charges: NIL
Close your loan account ahead of schedule with zero foreclosure charges.
Required Documents
PAN Card
Required for identity and credit bureau verification.
Aadhaar Card
Required for digital DigiLocker-based e-KYC verification.
Bank Statement
Required as proof of monthly income/salary credit.
PAN Card, Aadhaar Card (via DigiLocker e-KYC), Bank Statements
Usage & Application Restrictions
New to Credit (NTC)
Applicants with absolutely no credit history (NTC) are not allowed to apply.
Official Partner Offer
Proceed to Application
Ready to Apply?
Get fast digital in-principle sanction directly with CreditSea.
Direct SSL Encrypted Application
Paperless & Instant Verification
Quick EMI Calculator
Loan Amount
₹5,00,000
Interest Rate (% p.a.)
14%
Tenure (Years)
3 Years
Estimated Monthly EMI
₹16,253
Total Payable: ₹5,85,108
Data Transparency
Verified
Last checked on: 2026-10-13
Primary Sources:
- Official Lender Website: www.creditsea.com