Quid is an AI-powered loan marketplace and aggregator (personal loan app) that connects you with RBI-approved banks & NBFCs to get a business or personal loan. Trusted by 3 Mn+ users, every student, salaried, self-employed & business owner can complete the online personal loan application process in just 59 seconds! With the Quid personal loan app, get loan offers from verified lenders with 100% transparency, no hidden charges, low interest rates & fast loan approval. Now, you can make utility bill payments, all in one app. Quid Personal Loan App Features: * Quick Application: Apply in just 59 seconds * 100% Digital: Easy online loan application with minimal documents * Personal Loan Matchmaker: Tailored personal loan offers from verified lenders * Trusted Platform: Personal loans from RBI-approved banks & NBFCs * Fast Loan Approval: Disbursal that won’t take months * Low Interest Rates: Get competitive interest rates * Credit Card: Apply to get exclusive benefits * Loan Tenure: 3-60 months * Easy EMI: Flexible EMI options * Collateral-free: Zero assets at stake * Bill Payments & Recharges: Pay your utility bills with ease (Upcoming feature) Use the Quid Personal Loan App for: * Home Renovation Loan: Upgrade your home with our personal loan app * Medical Loan: Cover medical expenses with a personal loan * Pre-owned Vehicle Loan: Fund your pre-owned vehicle purchase * Travel Loan: Explore new places with a personal loan * Wedding Loan: Fund your dream wedding with a personal loan * Shopping Loan: Buy your desired products with a personal loan * Education Loan: Finance your education with the Quid personal loan app * Consumer Durable Loan: Buy home appliances with a personal loan Repayment Timelines, APR and Transparent Processing Fees & GST: * Interest rates start from 1% to 3% per month, corresponding to a maximum APR of 12% to 36%* * The repayment tenure ranges from 3-60 months * Processing fees will be charged separately as applicable by the lending partner Eligibility: * Age: 18-55 years * Eligible: Salaried, self-employed & students * Nationality: Indian Personal Loan Example: Loan amount: ₹1,50,000 Interest rate: 13% minimum Repayment tenure: 1 year Processing fee of 2%: ₹3,000 + GST = ₹3,540 Loan EMI: ₹13,398 The total interest: ₹10,771 Loan repayment amount after 1 year: ₹1,60,771 The maximum Annual Percentage Rate (APR) can go up to 36%* *Note: These figures are for illustrative purposes only. The final interest rate and APR are subject to the customer’s credit assessment, as evaluated by Quid's Lending Partner(s). Documents for a Business or Personal Loan: * Identify Proof: Aadhar card, PAN card, Driver’s license, Passport, Voter ID card * Address Proof: Aadhar card, Utility bills, Voter ID card, Passport * Income Proof: Bank account statement, Salary slip (for salaried individuals) How to Apply for a Personal Loan: ➡️ Download the Quid personal loan app ➡️ Sign-up with mobile/email ➡️ Enter details (personal/professional/business) ➡️ Specify your loan requirements ➡️ Submit your personal loan application ➡️ Choose from our verified lenders Our RBI-registered NBFC Partners: * Bhanix Finance and Investment Limited - https://bhanixfinance.com/ourpartners.html - (CIN No. U65910MH1996PLC300645) * mPokket Financial Services Private Limited - https://www.mpokket.in/lsp-dla - (CIN No. U65999WB2019PTC233120) * Arham Finance & Investment Services -https://arhamfinance.com/sourcing-partner.html - (CIN No.U74899DL1992PLC050484) Contact Us: For any queries, get in touch with us at [email protected]