ZapCash Personal Loan

Key Features & Value Benefits

100% Digital Journey

Hassle-free 100% digital journey with zero physical paperwork required.

Mobile App Based

Apply, upload documents, and track your loan status directly through the ZapCash mobile application.

Zero Collateral

Get an unsecured personal loan without the need to pledge any collateral or security.

Added Privileges

Credit Building

Value: New to Credit Allowed

Perfect for applicants with limited or no credit history looking to secure a loan and build their profile.

Interest Rates

Value: Personalized

Enjoy competitive interest rates that are personalized according to your credit score, income, and repayment track record.

Eligibility Criteria

Age Bracket 21 to 60 Years

Min. Monthly Income As per lender policy

Employment Type Salaried and Self-Employed

Credit Score Needed 500

500+ (New To Credit: Allowed)

Collateral / Security No

Guarantor Required No

General Terms: Available for individuals with limited or no credit history. Personalized interest rates based on credit profile.

Detailed Eligibility Matrix

Age 21 to 60 years

Occupation Salaried & Self-Employed

Credit Score 500+ CIBIL

Fees & Other Charges

Charge Name	Standard Terms
Processing Fee	Standard
Prepayment / Part-Payment	As per RBI norms for floating rates; charges may apply for fixed rates.
Foreclosure Charges	Subject to lock-in period and lender terms.
Late Payment Penalty	2% per month on overdue EMI amount + applicable taxes.
EMI Bounce Charges	₹400 to ₹750 per bounced mandate + GST.

Required Documents

PAN Card

Required for identity verification and credit assessment.

Mandatory

Bank Statements

Required to verify regular income and banking history.

Mandatory

Business Proof

Business License, Udyam Registration, or GST Certificate (Required only for Self-Employed applicants).

Optional

PAN Card, Bank Statements, Business Proof (for self-employed)