Quid: Personal Loan App

Quid is an AI-powered loan marketplace and aggregator (personal loan app) that connects you with RBI-approved banks & NBFCs to get a business or personal loan. Trusted by 6 Mn+ users, every student, salaried, self-employed & business owner can complete the online personal loan application process in just 59 seconds! With the Quid personal loan app, get instant loan offers from verified lenders with 100% transparency, no hidden charges, low interest rates & fast loan approval. Now, you can make utility bill payments, all in one app.

Quid Personal Loan App Features:

* Quick Loan Application: Apply in just 59 seconds

* 100% Digital: Easy online loan application with minimal documents

* Personal Loan Matchmaker: Tailored personal loan offers from verified lenders

* Trusted Platform: Personal loans from RBI-approved banks & NBFCs

* Fast Loan Approval: Disbursal that won’t take months

* Low Interest Rates: Get competitive interest rates

* Credit Card: Apply to get exclusive benefits

* Flexible Tenures: 3-60 months

* Easy EMI: Flexible EMI options

* Unsecured Loan: Zero assets at stake

* Bill Payments & Recharges: Easily pay your utility bills (Upcoming feature)

Use the Quid Personal Loan App for:

* Home Renovation Loan: Upgrade your home with our personal loan app

* Medical Loan: Cover medical expenses with easy personal loan offers

* Pre-owned Vehicle Loan: Fund your pre-owned vehicle purchase

* Travel Loan: Explore new places with an instant personal loan

* Wedding Loan: Fund your dream wedding with a personal loan

* Shopping Loan: Buy your desired products with a personal loan

* Education Loan: Finance your education with the Quid personal loan app

* Consumer Durable Loan: Buy home appliances with a quick personal loan

Repayment Timelines, APR and Transparent Processing Fees & GST:

* Interest rates start from 1% to 3% per month, corresponding to a maximum APR of 12% to 36%*

* The repayment tenure ranges from 3-60 months

* Processing fees will be charged separately as applicable by the lending partner

Eligibility:

Age: 18-55 years

Eligible: Salaried, Self-employed, and Students

Nationality: Indian

Personal Loan Example:

Loan amount: ₹1,50,000

Interest rate: 13% minimum

Repayment tenure: 1 year

Processing fee of 2%: ₹3,000 + GST = ₹3,540

Loan EMI: ₹13,398

The total interest: ₹10,771

Loan repayment amount after 1 year: ₹1,60,771

The maximum Annual Percentage Rate (APR) can go up to 36%*

*Note: These figures are for illustrative purposes only. The final interest rate and APR are subject to the customer’s credit assessment, as evaluated by Quid's Lending Partner(s).

Documents for a Personal or Business Loan:

* Identify Proof: Aadhar card, PAN card, Driver’s license, Passport, Voter ID card

* Address Proof: Aadhar card, Utility bills, Voter ID card, Passport

* Income Proof: Bank account statement, Salary slip (for salaried individuals)

How to Apply for a Personal Loan:

➡️ Download the Quid personal loan app

➡️ Sign-up with mobile/email

➡️ Enter details (personal/professional/business)

➡️ Specify your loan requirements

➡️ Choose from our verified lenders

➡️ Submit your personal loan application

Our RBI-registered NBFC Partners:

* Bhanix Finance and Investment Limited - https://bhanixfinance.com/ourpartners.html - (CIN No. U65910MH1996PLC300645)

* mPokket Financial Services Private Limited - https://www.mpokket.in/lsp-dla - (CIN No. U65999WB2019PTC233120)

* Arham Finance & Investment Services -https://arhamfinance.com/sourcing-partner.html - (CIN No.U74899DL1992PLC050484)

Contact Us

For any queries, get in touch with us at support@quid.money