Kredit mango loan app review: how to apply, is it legit - Startuppreneur
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Kredit mango loan app review: how to apply, is it legit

Kredit mango is another loan app in India that give instant loan without collateral or paper work.

With this loan app you don’t need to visit any location before you will obtain loan, with your smart phone you are good to go. With this loan app you can obtain up to 30,000 rupees.

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Their loan processing is very fast within one hour of submitting application your loan will be disburse.

Requirements to obtain loan from kredit mango loan app

Before you can obtain loan from this app, you need to meet up with some requirement, which are

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  • Have good credit score
  • Have bank account
  • Be above 18 years of age
  • Have regular source of income
  • Have smart phone with which to download the loan app

Once you meet the requirement, you can go ahead and apply for the loan

How to apply for kredit mango loan app

The first step to take is to head over to play store and download the loan app

Register with your name, bvn and other details

You will be ask to bind your ATM card, do so and proceed

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Once you are done with registration you will be login to your account

On your dashboard locate and click on loan

There you will see amount of loan you are eligible to obtain

Click it and wait for disbursement

How much you can obtain form kredit mango loan app

With kredit mango you can obtain up to 30,000 rupees at a go. As a first timer the amount of loan you will be eligible for will be less than this but as you continue to obtain loan form this app your eligible loan amount will be increase

Kredit mango loan interest rate and repayment period

Kredit mango interest rate is between 5% to 24% depending on the amount of loan secure and the repayment period.

The repayment period is between 7 days to 180 days also depend on the amount of loan obtain. As a first timer your interest rate wil be high while your repayment period will be short, but as you continue to use the app this will improve.

Paying back your kredit mango loan

To payback your loan head over to your dashboard

Click on loan repayment

There you will see deferent option to pay back your loan

Click on one and make payment

Once you make payment it wil reflect on your dashboard

If it does not you should contact them.

What will happen if I default or refuse to pay back

If you default you will be punish by Increase in your loan Interest rate which might be up to 2%.

If you abscond, your name and bank details will be send to appropriate authority for blacklisting which means you will not be able to obtain loan again in India until you pay back and clear your name.

Is kredit mango loan app legit

Yes kredit mago loan app is legit, they will surely give you loan, but they are not license by appropriate authority

Our final verdict on kredit mango loan app

Kredit mango loan app is one of the best loan app in India. They do not harass their customer so you have noting to fear. They do not have any hidden fee. They have good review on play store as at the time of writing this article.

Though this loan app is good, you still need to exercise caution when obtaining loan from this app

Conclusion

Above is how to obtain loan from kredit mango loan app, as you have read above they will surely give you loan but take loan that you know you can pay back. Try to avoid embarrassment.

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