Cred Cash Offer...Interesting.

[fatehbajwa]

This popped in my Cred App just now.
A kind of instant EMI loan.
See the screenshots.

 

[AllSeeker]

I also have offer for 2 lacs in there but interest rate is hefty, not in need of doing this so ignoring it for month or two.

 

[fatehbajwa]

Personal loan offer
Probably because of your credit history

My only point was that I wasn't aware that CRED too did personal loans.

 

[prc1990]

My only point was that I wasn't aware that CRED too did personal loans.

They have these two new features.

1. CRED CASH - Credit Line
2. CRED MINT - Works like FD I believe (Invite Based)

 

[AllSeeker]

My only point was that I wasn't aware that CRED too did personal loans.

Yes, this has started since last month I think.

 

[Akashgod]

Yes, this has started since last month I think.

Since 2 years it has been cred cash

 

[AllSeeker]

Since 2 years it has been cred cash

Don't know, I only received that offer to transfer money to bank a/c as personal loan for about one month.

 

[Cierdo]

Banks like PNB give personal loan at around 7-8% interest rate

Sorry to burst your bubble, but no bank does unsecured personal loans at this interest rate

 

[Cierdo]

Unsecured as in with no documents?

No no, unsecured is without any collateral. Unsecured loans range from 10-15%
7-8% is generally property loans. (Secured)
Even auto loans are at 9% and they are also secured.

 

[Subhankar]

This popped in my Cred App just now.
A kind of instant EMI loan.
See the screenshots.

It's been there for long time. For me it showed up first on April/May, 2021. The issuer bank is IDFC. The interest rate is pretty hefty at 16% (due to my self-employed profile) but many got it at around 13%