Snapit Loan App: Snapit Loan is an app that claims to provide personal loans for Indian users. It offers loans ranging from Rs 1,000 to Rs 10,000 with low-interest rates and flexible repayment terms.
You can fulfill your financial needs through an Instant personal loan. However, taking a personal loan from an online loan app can be challenging and stressful, so you should take the loan decision wisely as there are many fake loan apps in the market. Here, we will tell you about the advantages, disadvantages, and charges of the Snapit Loan App.
Snapit Loan App apk Details
| Article Topic | Snapit Loan App Review |
| Interest Rate | Up to 30% per annum. |
| Loan Amount | Rs 1,000 to Rs 10,000 |
| Tenure | Up to 120 days |
What is the Snapit App?
Snapit Loan App is a mobile application that claims to provide instant personal loan facility to Indian users. It offers loans ranging from Rs 1,000 to Rs 10,000 with low-interest rates and flexible repayment terms.
The app requires users to provide their Aadhar card, PAN card, bank account details, and selfie for verification. The app claims a fast approval process and disbursement of funds within 24 hours.
Seeing the increasing trend of loan apps, many such mobile applications have come about, which we do not know much about. Snapit Loan App is one of those apps that provides personal loans to many users, but some complaints have been filed against this app, so you should use the app as per your understanding.
Advantages and Disadvantages of the Snapit Loan App
Snapit App is a mobile application that provides instant online loans to its customers in India. After investigation, we found that this app has some advantages and disadvantages, which are mentioned below.
Advantages
Online Process: The entire process of applying for a loan on the Snapit app is 100% online or paperless. There is no need for the customer to submit any document offline.
Minimum Documents: You do not need many documents to take a loan here. You can take a loan here with the help of your Aadhar card, PAN card, and other documents.
Loan amount: The Snapit app provides personal loans ranging from Rs 1000 to Rs 10000 to its customers, which the customer can use at his convenience, like credit card bill payment, house rent, medical expenses, etc.
Tenure: Since you get a small loan amount, you get up to 120 days to repay the loan amount, making you stress-free by repaying your loan in a few months.
Disadvantages
App Update: The most significant disadvantage of this loan application is that the company does not update this app quickly, due to which the user loses trust in this loan application.
Negative Reviews: Some customers say that the app does not update their payments on time, and they are harassed with repeated calls. Even after making the payment, they have to face repeated reminder calls and notifications.
Customer Support: The app does not respond to users’ queries and complaints and does not have a proper customer support system.
Eligibility Criteria for Snapit Loan App
Through the Snapit Loan app, you are provided a personal loan of up to Rs 10,000. To take this loan, you have to fulfill some Eligibility Criteria, after which you can apply for this loan.
- You must have Indian citizenship.
- Borrowers must be between 18 to 60 years of age.
- There should be a source of income every month.
Documents Required for Snapit App
To apply for a loan from Snapit App, you need to provide the following documents and information:
- PAN Card
- Aadhar should be linked with the registered mobile number.
- Identity Proof: Any one of the documents – Passport, PAN Card, Ration Card, Aadhar Card, Voter ID Card, Driving Licence.
- Address Proof: Any one of the documents – Passport, Aadhar Card, Voter ID Card.
You also need to agree to the terms and conditions of the app and give consent for accessing your credit score and other personal information. The app has a fast approval process and disbursal of funds within 24 hours.
How to Apply for a Loan on the Snapit App?
To apply for a loan on the Snapit app, you need to follow these steps:
- Install the Snapit Loan application.
- Log in to the app using your mobile number.
- Fill in the information asked by the app correctly.
- Select the loan amount and tenure shown and click on the Proceed button.
- Enter the documents and information required in the application and complete the KYC procedure through an Aadhar Card.
- After approval, the loan amount will be credited to the account number entered by you.
Snapit Loan App Customer Care Number
If you require an instant personal loan and are facing any problems getting the loan, then you can call the customer care number of the Snapit App.
For assistance, you can also send a mail to the official email id of the app.
- Customer Care Number: 7993410406
- Email ID: [email protected]
FAQs Related to the Snapit Loan App
How much interest rate does Snapit charge?
The interest rate charged by Snapit App depends on the loan amount and tenure. The annual interest rate ranges from 20% to 35%. This means that if you borrow Rs 1,000 for 91 days, you will have to pay interest of Rs 51. If you borrow Rs 10,000 for 120 days, you will have to pay interest of Rs 958.
What are the eligibility criteria for the Snapit App?
To take a loan on the Snapit Loan App, one must be an Indian resident, and the applicant’s age must be 18-60 years. You will also have to provide your Aadhar Card, PAN Card, Bank Account details, and selfie for verification. The app has a fast approval process and disbursement of funds within 24 hours. You should also be aware of the high fees, interest rates, and complaints associated with this app.
How much money can I borrow through the Snapit Loan App?
Snapit Loan App is an app that claims to provide instant personal loans for Indian users. It offers loans from Rs 1,000 up to Rs 10,000 with low interest rates and flexible repayment terms. The app requires users to provide their Aadhar card, PAN card, bank account details, and selfie for verification. The app claims a fast approval process and disbursement of funds within 24 hours.
What documents are required for the Snapit App?
To apply for a loan from the Snapit app, you need essential documents like PAN, Aadhar card, monthly income proof, etc. It is necessary to link your mobile number with your Aadhar card to complete the KYC process. You must have a savings account to avail the loan amount.
