Poco Credit

About Poco Credit

Poco Credit is an unsecured line of credit (LOC) loan application that assesses a user's credit limit based on factors such as location, income, education, marriage, housing, liabilities, employment status, corporate affiliation, job status, property ownership and other relevant conditions.

Poco Credit's policies and services are fully regulated and legally compliant.
Meaning we are a trusted, secure and genuine credit products app in India.
Poco Credit aims to be the user-friendly credit products apps in India.

reasonable interest
Borrowers can apply for a certain amount of money, but they don't have to use it all. Instead, users can decide how much they want to borrow from the line of credit based on their actual needs and pay interest only on the amount drawn (not the entire line of credit).

more flexible
The borrower can decide to repay the entire outstanding amount in one payment or make only the minimum monthly payment (by paying rollover/late fees), users always have the option to decide based on their budget or cash flow situation It happens.

Safe
User information is very important to us. All information in it will be stored and transmitted with 256-bit SSL security encryption and will never be shared with anyone without the user's permission.

Credit Line Products provided by Poco Credit:
★Minimum principal Amount: ₹5,000
★Maximum principal Amount: ₹1,20,000
★Minimum Annual Percentage Rate (APR):12%
★Maximum Annual Percentage Rate (APR):24%
★Minimum period for repayment:91 days
★Maximum period for repayment:365 days
Processing fee ranges from ₹80 to ₹2,000 depending on credit tenure and withdrawal amount.
GST 18% processing fee as per laws and policies of India

Representative example:
credit line amount: ₹36,000.
principal Amount: ₹18,000
Annual Percentage Rate (APR): 24%
period for repayment: 150 days
Monthly Interest: ₹18,000 * 24% / 365 * 30 = ₹355
Total Interest: ₹18,000 * 24% / 365 * 150 = ₹1,775
Processing fee = ₹300
GST = ₹300 x 18% = ₹54
Monthly repayment amount:
₹18,000 * 24% / 365 * 30 + ₹18,000 / 150 * 30+( ₹300+₹54)/ 150 * 30 = ₹4,026
Total repayment amount: ₹18,000 + ₹1,775 + ₹300+₹54= ₹20,129
(The above case shows that Poco Credit calculates interest only on the withdrawn amount of ₹18,000)

Credit Line Determination:
The credit line limit is established taking into account the user's location, income, liabilities, job, employment, corporate affiliation, company status, assets and other relevant factors.
Providing more accurate information increases your chances of getting a higher credit line.

Credit Line Restoration:
Once the loan amount is repaid and settled, the credit line is immediately reinstated.

How to apply for an online loan at Poco Credit?
1. Download the Poco Credit from GooglePlay store.
2. Use your mobile phone number to register and login to the App.
3. Fill in the information required for loan application and make sure it’s correct.
4. Choose the loan amount and term you need.
5. Waiting for loan application review results.
6. Money will be disbursed at the same day after pass the loan application.

Main Personal Loan Eligibility Criteria
● You must be a resident of India
● Your age must be over 18 years

We do not allow third-party lenders to issue personal loans that are repaid within 91 days or less from the date of payment.

Why Choose Poco Credit for Personal Loans？
1. Efficient approval of loans: online application, extremely fast approval, and fast payment.
2. Transparent interest rate and flexible repayment, supporting multiple repayment channels.
3. Safe borrowing: Personal information is encrypted throughout the entire process to provide you with full protection.

Contact us.
For help email us at [email protected].
Our office is located at 707, 7th Floor Hemkunt Tower (Modi Tower), 98 Nehru Place Delhi 110019.