Frequently Asked Questions

First, download the Vridhi Loan app from the play store. And then apply for a loan as per the steps given in the app.
Currently, we allow only one loan at a time
A personal loan can be used for almost any type of expense ranging from big-ticket appliance purchases and home renovations to luxury vacations and debt consolidation. Some other cases where personal loans may be useful include payment to unexpected medical bills, investment in the business, fixing your car, down payment of new house and many other things
The minimum salary required for personal loan eligibility is Rs. 10,000 per month.
We provide loans to our self-employed customers based on the average bank balance/maintenance of their account in the last 6 months and business verification.
You must have a regular source of income to avail of a personal loan whether you are a salaried individual, self-employed business person or a professional. A person’s eligibility is also affected by the company he/she is employed with, his/her credit history, his/her residential location and other factors too.
The minimum personal loan principal amount is Rs.5000 and the maximum is Rs.100000.
Our 4 steps application process reflects our goal to be the most secure instant loan apps in India. Steps that you need to follow are:<br> 1. Log in to the Vridhi mobile app and verify your mobile number 2. Upload a few basic details and select the loan amount and tenure of the loan 3. Upload the necessary documents on this quick loan app. 4. Within 24 hours of your personal loan application, you will receive notification of your approval status. 5. Once your Vridhi Loan application gets approved, the money will be transferred to your bank account within 10 minutes, subject to documentation and credit bureau assessment.
Our loans come with flexible and attractive Daily, Weekly and Monthly repayment schemes for tenure ranging from 30 days to 12 months.
1. Identity proof documents, such as - Aadhar Card, Pan Card and Passport 2. Current address and permanent address proof 3. 6 months bank statement
Please make sure that your images are: 1. fit for the camera frame 2. adequately zoomed 3. not blurry 4. captured with good lighting
Once all the necessary documents are submitted and the verification process is completed the loan gets approved within 5 minutes
In order to avoid delays in loan processing and disbursement, do keep all necessary documents ready.
We have a flexible rate of interest starting from 2.5% per month. It is a fixed rate personal loan and you will pay the exact same amount as EMI, EDI and EWI.
Yes, we charge a small fee to process your loan, It starts from Rs.450 to 2% of the loan amount up to a maximum of Rs.1000 and is decided by our system based on various factors.
The applicable processing fees will be deducted from the loan amount at the time of disbursement while the remaining funds will be transferred to your account.
After completing all the documentation and verification process the loan, if sanctioned, is disbursed within 10 minutes to the bank account provided while loan assessment.
Generally, we don’t impose any pre-payment charges, so you can pay back the installment at your convenience even if it is before the due date. This is subject to change based on the loan scheme.
In case you miss your scheduled personal loan installment, this personal loan will show up on your credit report as a default, which will adversely affect your credit score. So, we highly advise you to pay your installments on time.
As a part of the loan application process, you would be submitting a NACH mandate, this will allow us to auto-debit your installments. This is also a hassle-free process as you don’t need to remember installment dates and do manual transfer each time. If you miss the auto-debit, you can log in to your app and repay the loan. Additionally, you can contact the Vridhi call centre to pay the loan installment on or before the due date.