TVS Credit Services
Online personal loan up to ₹2 lakhs, instant approval, flexible tenure up to 36 months, 100% paperless, competitive interest rates from 14%. Minimal requirements and quick disbursal!
TVS Credit offers an appealing online personal loan product with instant approval, competitive interest rates from 14% to 35% per annum, and absolutely no paperwork involved. You can borrow between ₹30,000 to ₹2,00,000 for flexible repayment terms, ranging from 6 to 36 months. Only basic KYC details are needed, and if you earn at least ₹25,000 per month with a CIBIL score above 700, you are eligible.
How to Apply: Step-by-Step
- Check your eligibility by confirming your monthly income and CIBIL score.
- Fill out a simple online application with your Aadhaar, PAN, and address details.
- An executive will contact you for a quick verification call.
- Once verified, your loan can be disbursed directly to your account within 24 hours.
Pros: Fast Access and Low Barriers
One of the main attractions of TVS Credit’s online personal loan is the incredibly fast turnaround. Many applicants enjoy same-day approval and disbursal, making it accessible for urgent needs.
The 100% paperless system stands out, requiring only basic information instead of lengthy forms or in-person visits. Plus, with low eligibility hurdles, many earners qualify easily.
Cons: Charges and Credit Requirement
Processing fees can go up to 10%, and applicants with a CIBIL score below 700 may not be eligible. Penalty rates for missed repayments are also high at up to 36% per annum.
Loan amounts are capped at ₹2,00,000, which may not suffice for large financial needs, and interest rates for lower credit profiles can be on the higher end of the range.
Verdict: Who is This Loan For?
TVS Credit’s online personal loan is a practical choice for salaried individuals needing emergency cash, quick funding for life events, or debt consolidation up to ₹2 lakhs. It is best for those with stable income and strong credit history who value speed and minimal hassle.
