Quid

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 3 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 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 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
* Loan Tenure: 3-60 months
* Easy EMI: Flexible EMI options
* Collateral-free: Zero assets at stake
* Bill Payments & Recharges: Pay your utility bills with ease (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 a personal loan
* Pre-owned Vehicle Loan: Fund your pre-owned vehicle purchase
* Travel Loan: Explore new places with a 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 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 & 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 Business or Personal 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
➡️ Submit your personal loan application
➡️ Choose from our verified lenders

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 Limited - https://arhamfinance.com/sourcingPartner - (CIN No.U74899DL1992PLC050484)

Contact Us:

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