Viva Money: Credit & Loan App 1.0.22

The Viva Money credit line offers a quick and convenient solution for individuals seeking urgent financial assistance. Partnered with FincFriends Private Limited, an RBI-registered NBFC, it provides a reliable platform for instant personal loans with minimal hassle.

Highlights of Viva Money’s Line of Credit include:

• Interest-free loans for up to 51 days—withdraw and repay within this period without incurring interest.
• Credit line of up to ₹2,00,000, adjustable according to individual needs.
• Approval process averaging less than 15 minutes for swift access to funds.
• Revolving credit facility allowing continuous borrowing capability.
• Interest applied only on the amount withdrawn.
• Fully digital process eliminating the need for paperwork.
• Pre-approved loan offers from an RBI-registered NBFC ensure credibility.
• Flexible EMI options available for 5, 10, or 20 months.
• Secure transactions protected with advanced encryption technology.

Application for Viva’s credit line involves a straightforward process that takes approximately 15 minutes:

1. Download the Viva Money – flexi loan app.
2. Register using your mobile number.
3. Input PAN and Aadhaar details to verify eligibility.
4. Complete VKYC verification.
5. Receive instant approval and access to a 0% interest loan at your convenience.

The functioning of the app exemplifies its flexibility. For instance, Rahul applied for a ₹1,50,000 credit line on January 1st without immediate withdrawal. Later, on February 1st, he withdrew ₹50,000 to purchase a laptop. With a 51-day grace period, Rahul can repay by March 20th without interest charges. A processing fee of 4.5% applies on the initial withdrawal, reducing to 2% for subsequent withdrawals. If repayment within the grace period isn’t feasible, the loan can be converted into an EMI plan with adjustable tenures. Interest rates range from 18% to 40% annually, tailored to borrower profiles.

For example:

• Loan amount: ₹50,000
• Tenure: 5 months
• Interest rate: 40% per annum
• Processing fee: ₹2,250 plus GST = ₹2,655
• Total interest: ₹8,330
• Total repayment amount: ₹10,985

Eligibility criteria for applicants include:

• Indian citizenship only
• Minimum monthly income of ₹15,000 and household income of ₹25,000
• Aged between 21 and 64 years
• Residing in Karnataka, Maharashtra, Gujarat, or Tamil Nadu, where the app is currently operational

The required documentation for pre-approval comprises:

• A selfie
• PAN Card
• Aadhaar Card

Viva Money prioritizes data security and privacy by adhering to RBI guidelines and employing advanced encryption protocols. Its partnership with FincFriends ensures a transparent borrowing experience.

The app requests permissions such as SMS access and optional access to camera, microphone, and location services to facilitate verification processes while maintaining user security.

Compared to traditional banking options, Viva Money offers a faster and paperless alternative with flexible repayment plans suited for various financial needs—including emergencies, travel, education, or home improvements. It has established itself as one of the preferred salary loan apps in India and is suitable for both working professionals and self-employed individuals or small business owners.

If you require urgent cash with adaptable EMI options, Viva Money stands out as a trusted solution. For further inquiries:

• Email: [email protected]
• Website: https://vivamoney.in