Olyv: Loans & Credit Score 5.8.4

Olyv (formerly SmartCoin): A Comprehensive Financial Wellness Application

Olyv positions itself as a leading financial management app in India, providing users with access to quick, fully digital loan options and tools to enhance their financial health. The application promises an expedited process for securing loans directly into bank accounts within minutes, eliminating the need for traditional paperwork. Users can also monitor their credit health at no cost, including tracking their credit score, fraud prevention measures, and access to summarized loan and credit information. Personalized insights are available to help users improve their credit profiles. Moreover, Olyv introduces a digital gold savings feature, enabling investments starting as little as ₹10, which is both safe and readily accessible.

Instant Personal Loans up to ₹5 lakh*

• Trusted by approximately 30 million users in India
• Backed by RBI-registered lenders
• Entirely digital loan application process
• No collateral or paperwork required
• Repayment Tenure: Minimum of 2 months, Maximum of 24 months
• Flexible EMIs with interest rates beginning at 1.5% per month
• Annual Percentage Rate (APR) range: 30% to 90%

Example (Hypothetical Scenario)

• Loan amount: ₹65,000
• Processing fee (3% of loan amount including 18% GST): ₹2,301
• Total loan amount: ₹67,301
• Interest rate: 3% per month
• Tenure: 9 months
• Monthly EMI: ₹8,349
• Total amount repaid: ₹8,349 x 9 = ₹75,132
• Total interest paid: ₹75,132 - ₹67,301 = ₹7,831
• Total cost of the loan: ₹7,831 + ₹2,301 = ₹10,132
• APR (Annual Percentage Rate): 28.58%

Lenders

• Upmove Capital Private Limited
• Vivriti Capital Private Limited
• Northern Arc Capital Limited
• Incred Financial Services Limited
• PayU Finance India Private Limited
• Poonawalla Fincorp

Credit Health Features

• A.) Credit Score
  • Automatic monthly refresh and updates via WhatsApp
  • In-depth credit insights provided
• B.) Fraud Prevention
  • Proactive fraud alerts.
  • Monthly updates through WhatsApp.
• C.) Loan Management System (LMS)
  • Active summaries and credit monitoring available.
  • Easily track payments and balances.
  • Regular credit refreshes and insights provided each month.

Digital Gold Savings

• Regular saving options starting at ₹10*, with guaranteed safety.
• No storage charges applicable.
• Invest in 24 Karat gold with 99.9% purity.
• Redeemable options available 24/7.

Please refer to the Terms and Conditions and Privacy Policy.

If you have any queries or need assistance,
Contact:
Phone: +91-9148 380504
Address: SmartCoin Financials Pvt. Ltd.
Indiqube Gamma, No.293/154/172
2nd Floor, Outer Ring Road,
Kadubeesanahalli, Bengaluru,
Karnataka 560103.
Email: [email protected]