CreditMantri Loan in India
CreditMantri Loan in India
  • Easy to apply
  • Approval time
  • No hidden condition
  • Renewal rules
  • Service quality
  • Customer support
Contact information
Phone number: +91 44 4224 0800
10:00 - 19:00

If you are looking to get a loan from CreditMantri in India, you have a number of options to choose from. They offer personal loans as well as a free credit management service.

Loan parameters
  • Loan amount
    Rs 10,000 - Rs50 lakhs
  • Interest rate
  • Tenure Range
    2 - 36 months
  • Age
    18 to 60 years

They are aimed at the needs of new-to-credit individuals

CreditMantri is a financial wellness startup that started out as an information platform. They boast of over 45,000 users and more than 2 lakh registered users. Some of the company’s offerings include the credit card, a mobile credit card and a loan product for the average Joe. Moreover, the company is in the process of forming strategic partnerships with lenders to offer a smorgasbord of loan products for new-to-credit individuals and those with healthy credit. Several P2P lending platforms are available in the country.

The company has a knack for figuring out what its users want and needs, and offering it to them. By February, the startup had more than half a million users and more than a dozen loans available. Among the latest additions are two loans aimed at women entrepreneurs. One is a small business loan with a competitive interest rate and the other is a consumer credit card with a no-frills rate. In the process, the company has become one of the most innovative financial wellness startups in the country.

CreditMantri uses 2,000 data points to create a well-rounded profile. A team of analytics gurus analyzes the data to identify the creditworthy borrowers. For the most part, the company is agnostic about the source of the data, and in some cases, even goes so far as to take the initiative and lend the lender some of the data itself. As such, they’re able to provide a more personalized service, with a higher return on investment. Besides, the company’s model has the shortest turn around time, which means its customers can get the loan they need, when they need it.

While CreditMantri is best known for its credit cards, they’ve also been experimenting with other loan types, such as car loans, home loans and personal loans.

Creditmantri CIBIL score – credit score

CreditMantri is an online credit platform that matches an individual’s credit score with the criteria of a lender. Its aim is to help lenders and borrowers better understand each other. Currently, CreditMantri offers products for individuals with good and bad credit histories.

The credit scoring formula takes into account a person’s credit history, payment history and current salary. A high score means you are more likely to be approved for a loan than a low score.

A CIBIL report is a detailed overview of a person’s credit history. The report provides details such as the total amount of loans, late payments and other information.

The CIBIL score ranges from 300 to 900. If your score is above 750, it is considered good. Usually, a score of 750 is enough to get approved for a debt.

There are various credit bureaus that collect records and issues credit scores. Lenders also report account activity to credit bureaus.

To improve your credit standing, you must make consistent payments. You also need to avoid borrowing unnecessary credit.

A good rule of thumb is to keep your credit usage at 30% of your combined credit limits. This ratio gives lenders an idea of how much you can afford to spend and the extent of your debt to income ratio.

Some lenders may set a minimum credit score requirement. If you have a good CIBIL score, you can expect to receive a low interest rate.

Before signing up for a loan, you need to read the terms and conditions. Many financial intermediaries misguide people to get a quick profit.

CreditMantri’s website is secure and you can access your credit report from any device. Their team also helps you determine the best product for you and teaches you how to improve your credit health.

Free-of-cost credit management services

CreditMantri is an edifice of fintech genius in the credit improvement arena. The company has been in business for over a decade and specializes in helping consumers make informed credit decisions. Their award winning website allows users to manage their finances in a single dashboard and in the process they get to enjoy a bit of financial freedom.

Among their offerings are a plethora of free credit management services. They also have a free online credit scoring system that can be used to make better informed credit decisions. Whether it is a mortgage, auto loan or credit card, they have you covered. As well as their flagship offerings, the company has a long list of niche providers who are happy to assist you with your credit needs. In addition to offering free credit scores, CreditMantri also offers a full suite of credit building services to help you improve your credit score and your credit history in general. Whether you’re a novice or a seasoned veteran, CreditMantri’s award winning online credit management solutions can be used to optimize your personal and commercial credit risk. Using their credit scoring systems, you can improve your credit rating in a matter of minutes. By reassessing your creditworthiness, you can get on the path to financial stability. Plus, you can get a no cost credit assessment and a free credit report.

CreditMantri’s aptly named flagship website allows users to perform an industry-leading free credit score evaluation. Besides, their award-winning customer service and credit assistance capabilities can save you the hassle of dealing with multiple lenders and make your life much easier. You can even get a free copy of your credit report when your account is up for renewal.

They have raised their first (Series A) round of funding

CreditMantri is a Chennai-based financial technology startup that helps consumers and borrowers in India improve their credit. Its website helps borrowers find lenders who offer products that suit their credit profiles. The platform also offers users the chance to check their credit scores and learn about how to fix their past issues.

Founded in 2012 by former Citibank executives Gowri Mukherjee, Ranjit Punja and SV Swaroop Reddy, the company uses alternative and traditional data to create credit profiles. This allows CreditMantri to provide a better and more comprehensive consumer risk profile.

Its services include loan extension, credit management and debt consolidation. As of June, CreditMantri claims to have served 1.4 million users, and has partnered with over 40 lenders. In addition, the startup plans to grow its workforce by 130 by the end of 2015.

CreditMantri’s first round of institutional funding was led by US-based Quona Capital, with Elevar Equity and IDG Ventures India participating as well. A total of Rs 16 crore was raised.

The Chennai-based start-up plans to use the money to develop its user base and speed up the development of its technology platform. Funds will also be used for employee growth and for strengthening the product proposition.

According to CreditMantri’s founders, a majority of people in the country don’t have access to formal banking channels. They can use the startup’s website to access their credit scores and make smarter investment decisions. By leveraging the power of digital medium, CreditMantri aims to make the process of getting loans simpler and faster.

The website also offers users an option to apply for a credit card. It’s a great solution for those who are new to the credit scene.

CreditMantri Loan in India
  • Age 18 +
  • India citizen or permanent resident
  • Bank statement of salary account for the past two years
Obtaining methods
  • Credit/Debit card
  • Bank account

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Your comment

13 June 2023
The documentation process was minimal, and the funds were disbursed promptly. The repayment options were convenient, and the customer support team was responsive and helpful throughout the loan tenure. CreditMantri is my go-to platform for hassle-free loans in India.
Shweta Gajendra
22 May 2023
I applied for a ₹50,000 loan, and the approval was quick. Repayment terms were flexible. Highly recommended for those seeking convenient and reliable loans in India.
Kanika Mital
Kanika Mital
The interest rate was very high 10.5% for a personal loan. So I closed the application and issued through another lender.
Nishi Khatri
Nishi Khatri
Thank you so much for helping us out financially! I applied for a loan online for the first time, but there were no difficulties. The process was transparent and understandable. The money came quickly, and I calmed down. Great service!
Nakul Raval
Nakul Raval
I take personal loan for 50,000 rupees with a minimum interest rate for a period of 1 year. I pay EMI 4500.
Parveen Raj Amin
Parveen Raj Amin
I applied for a Moneytap personal loan online. They ask for a lot of documents, so it\'s better to prepare in advance
Jiya Balaji Balan
Jiya Balaji Balan
The amount of the online loan was 2 lakh for a period of 3 years. Conditions like everywhere
Gulzar Ahuja
Gulzar Ahuja
after the application was approved, the interest rate went up...
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