If you need a quick and hassle-free loan, Olyv (formerly SmartCoin) can help. With the Olyv loan app, you can secure a personal loan of up to ₹5 lakh at a competitive rate of just 1.5%.
The loan application is 100% digital and requires no paperwork. The funds are directly credited to your bank account within minutes, making olyv smart coin one of the fastest loan providers in India.
Table of Contents –
Olyv SmartCoin Personal Loan Details
| Feature | Details |
|---|---|
| Loan Amount (Ticket Size) | ₹1,000 – ₹5,00,000 |
| Interest Rate | 18-30% p.a. (on reducing balance) |
| Processing Fee | 2-12% (excluding GST) |
| Loan Tenure | 2-24 months |
| Bounce/Late Payment Charges | ₹0-₹500 (excluding GST) |
| Default Interest | 0% p.a. |
| Official website | www.olyv.co.in |
Olyv loan review: olyv personal loan
Olyv (formerly SmartCoin) is a convenient and fully digital lending platform for salaried and self-employed individuals in India. Olyv is also a secure and reliable platform.
Olyv is an RBI-authorised lending platform and an ISO 27001-certified app, trusted by nearly 2 crore users. The olyv loan app partners with several RBI-registered lenders, including:
- Upmove Capital Private Limited
- Vivriti Capital Private Limited
- Northern Arc Capital Limited
- Incred Financial Services Limited
- PayU Finance India Private Limited
- Poonawalla Fincorp
Olyv offers personal loans through its RBI-approved lending partners with a 100% digital application process, no documentation required, and instant disbursement of funds into the bank account.
Example of olyv (Smartcoin) personal loan;
If you take a loan of ₹65,000 from the Olyv app, with an interest rate of 3% per month and 3% processing fees including GST 18% for a tenure of 9 months, your monthly EMI will be ₹8,349.
That means your total loan amount will be ₹67,301.
Throughout the loan, you’ll have to pay a total of ₹75,132, which includes the original loan amount and ₹7,831 in interest.
The overall cost of the Olyv (Smartcoin) personal loan will be ₹10,132, including both interest and processing fees.
Olyv loan app rbi registered or not
Olyv (SmartCoin) is an RBI-authorised financial services company.
Olyv Loan App is not directly registered with the Reserve Bank of India (RBI) as a non-banking financial company (NBFC), it has partnered with RBI-registered NBFC and financial institutions.
This means Olyv app works as the loan facilitator and RBI-approved lenders disburse the loans.
Olyv loan app real or fake
Olyv is an RBI-authorized financial services company in India. Also, it is an ISO 27001-certified company.
As per the official source, Olyv Loan App is a legitimate and reputable financial services company, authorized by RBI. Olyv offers personal loans without the burden of collateral.
RBI authorization and ISO certification ensure that Olyv is a secure app, so security is not a concern.
What are Olyv loan eligibility criteria?
To be eligible for olyv personal loan, you must meet the following criteria:
- You must be a citizen of India.
- You should be between 21 to 60 years old.
- You need to have a minimum monthly income of ₹20,000.
- You must have an active bank account to receive the loan disbursement.
How to apply for olyv personal loan
Applying for an instant personal loan with the Olyv app is straightforward. Here’s a step-by-step process;
Download and Install the Olyv App:
Download and install the Olyv loan app from the Google Play Store.
Create an account and check eligibility:
Open the app and register using your mobile number. After this, check your loan eligibility following the quick process.
Fill Out the Loan Application Form:
If you are eligible for a loan, provide your personal and financial details in the application form as required by the app.
Upload the required documents for verification:
Upload required documents like identity proof, address proof, and income proof digitally directly through the app.
Now, Submit the Loan Application:
Wait for the loan to be disbursed directly into your bank account within minutes.
Olyv loan app download (APK)
To download the Olyv loan app, follow these simple steps:
- Open the Google Play Store on your Android device.
- Search for “Olyv (SmartCoin) Personal Loan App“.
- Download and install the app on your device.
Olyv Loan Customer Care Number:
For any assistance with Olyv loans, you can contact customer care at +91 9148380504 or email them at help@smartcoin.co.in.
Olyv loan interest rate and fees
Olyv loan interest rates start from 1.5% per month (18-30% per annum) on a reducing balance basis. Apart from interest, there is a processing fee between 2% to 12% of the loan amount, excluding GST.
For late repayment, Bounce or Late Payment Fee is levied, which ranges from ₹0 to ₹500.
Olyv Loan App – related FAQs
What is olyv loan age limit?
The age limit for an Olyv loan is between 21 to 60 years.
Who is eligible for smartcoin loan?
To be eligible for a SmartCoin (now Olyv persona loan) loan, you must be an Indian citizen between 21 to 60 years of age, with a minimum monthly income of ₹20,000 and have an active bank account.
How long does it take to get a loan from Olyv?
After 100% loan processing is complete, the loan is disbursed directly into your bank account within a few minutes.
What is the tenure of SmartCoin loan?
The tenure of a SmartCoin (now Olyv) loan ranges from 2 to 24 months.
What is the new name of SmartCoin?
The new name of SmartCoin is Olyv.
Is SmartCoin a NBFC?
No, SmartCoin (now Olyv loan app) is not an NBFC. It operates as a financial technology (fintech) platform that facilitates loans by partnering with RBI-registered NBFCs and financial institutions.
is olyv loan app safe
Yes, the Olyv loan app is safe, as it is RBI-authorized, ISO 27001-certified, and partners with only RBI-registered lenders, ensuring secure and regulated financial transactions.
In conclusion – olyv loan app review
In conclusion, Olyv is a reliable and trusted lending platform authorized by RBI that offers a quick personal loan with 100% digital process, and minimal documentation. Funds are directly credited to the bank account within minutes.
With attractive rates and tenure, olyv smartcoin personal loan will be the safest option.
We hope the Olyv loan review or Olyv loan app review got you the right information about the Olyv (SmartCoin) personal loan. Thanks!
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