Many of us take loan for buying smartphones or laptop and pay installments. Every person want that they get loan at less interest rate from anywhere and credit card.Let me tell you, You can borrow loan from ZestMoney. The interest rate of ZestMoney is less than any govt or private sector banks. Most of people don’t know about ZestMoney. In this article, i’ll give you complete knowledge of ZestMoney and how to apply for loan from ZestMoney.
What is ZestMoney?
ZestMoney is such a company which give you EMI facility without cash. It issue a credit card at which you can credit loan upto Rs.40000. You have to pay whole credit amount within a year. If you shop from Flipkart or amazon or Myntra then you don’t need to pay any interest amount upto 6 months. The interest rate of ZestMoney is lower than another financial institutions loans. If you purchase something on Flipkart or amazon or from offline, ZestMoney provide loan facility.
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When you sign up your account on ZestMoney and your account get approved, ZestMoney issue virtual id or card for taking loan. Read terms & conditions of ZestMoney before taking the loan. I’ve provided few T&C which is required for taking loan.
- Your age should be at least 18 for talking loan on ZestMoney.
- Make sure you’re student or employee or any businessman.
- The person should be resident of India.
- The informations which you provided for take loan should be real.
- Make sure you didn’t take loan from anywhere. If you took then ensure that you have never bound any EMI of loan.
- Your cibil score should be good for taking loan from ZestMoney.
How to apply for loan from ZestMoney?
If you are agree on these terms & conditions then firstly create your account on ZestMoney.
When you successfully create account on ZestMoney then you need to complete your profile for taking loan.
After completing profile, you have to give details of your occupation if you are an employee then you should fill your monthly income and you have to provide any employee salary proof like cheque. The company verify your income. If you are student, no need of such kind of very verification.
Now you would have need of net-banking. Make sure your bank account have net banking facility. Select your bank in which your account is made. Now enter your login ID and password which is provided by your bank. Then finally click on next, it may takes 5-10 seconds for processing. Finally your bank account id added. Company will transaction of Rs. 1 in your bank account for verifying.As you receive Rs. 1 from them, your bank account will be verify automatically.
Now upload id and address proof, you can upload documents any of them (given below).
- Aadhar Card
- Voter ID
- PAN Card
- Driving licence
- Utility bills
- Rashan card
- Bank statement
As you submit your document, it will take 2-3 days for approve your account after that it will issue virtual ID then you can shop online or offline at EMI.