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SmartCoin loan App Review

Imagine you need money urgently for a medical emergency, but you don’t have enough savings or a good credit score to get a personal loan from a bank. What would you do? Would you borrow money from your friends or relatives, or would you look for other options? If you are looking for a smart solution for your personal financial needs, then you should try SmartCoin.

SmartCoin is a digital lending app that provides personal loans from 1000 to 2 Lakh Rupees, with low interest rates, quick approval and flexible loan limits. You can use the loan for any cash need like household expenses, education purposes, medical purposes, business expenses, or personal expenses. 

In this article, we will give you all the information about this loan app, including its features, benefits, interest rates, eligibility criteria, required documents, customer care number and review.

What is SmartCoin Personal Loan App

Smart Coin is an app-based platform that connects the under banked in India with NBFCs/Banks by offering instant personal loans, insurance, and gold savings. It was founded in 2017 by Rohit Garg, Amit Chandel, Vinay Kumar Singh, and Jayant Upadhyay. Check Your cibil Score in free.

Smart Coin personal loan app aims to provide financial inclusion and empowerment to the masses by leveraging technology, data, and artificial intelligence. Smarts Coin claims to have over 5 million users and has disbursed over Rs. 500 crore worth of loans till date. Smart Coin is available on both Android and iOS devices.

Features and Benefits of the SmartCoin Personal Loan

  • Easy and fast loan application process
  • Minimal documentation and verification
  • Instant loan approval and disbursal
  • Flexible loan tenure and repayment options
  • Low and transparent interest rates and charges
  • No collateral or guarantor required
  • Multiple loan products for different needs
  • Secure and confidential data handling
  • Credit score improvement with timely repayments
  • Access to insurance and gold savings products

Is SmartCoin loan App Fake or Real

Smart Coin is a real and legitimate platform that is RBI-approved as a non-banking financial company (NBFC). Smart Coin has partnered with various licensed and regulated NBFCs/Banks to provide loans to its customers.

Smart app Coin has also received funding from prominent investors such as LGT Lightstone Aspada, Unicorn India Ventures, and Accion Venture Lab. Smart Coin is not a fake or fraudulent app that will scam you or misuse your personal information. Read Article: Stashfin Loan App is Real or Fake

SmartCoin Personal Loan Interest Rate

SmartCoin charges interest rates ranging from 16% to 32% per annum on its loans, depending on the loan amount, tenure and customer profile. The interest rate is calculated on a reducing balance basis, which means that the interest is charged only on the outstanding principal amount and not on the entire loan amount.

SmartCoin also charges a processing fee of 2% to 4% of the loan amount which is deducted from the loan amount before disbursal. Smart Coin does not charge any prepayment or foreclosure fees on its loans. Read Article: Nira Personal loan app

SmartCoin Personal Loan Eligibility Criteria

To be eligible for a SmartCoin loan app, you need to meet the following criteria:

  • Indian citizens and resident can apply.
  • Age above 18 years is required.
  • Required a valid Aadhaar card and PAN card
  • You need bank account and a mobile number
  • At least a monthly income of at least Rs. 15,000
  • Good Credit Score

SmartCoin Personal Loan Documents Required

To apply for a SmartCoin personal loan, you need to submit the following documents:

  • Aadhaar card
  • PAN card
  • Selfie
  • Bank statement (last 3 months)
  • Salary slip (last 3 months) or income proof
  • Address proof (optional)

SmartCoin App Review: Pros & Cons


  • Quick and easy access to credit
  • Affordable and transparent interest rates and charges
  • Flexible and convenient repayment options
  • Multiple loan products for different needs
  • Credit score improvement with timely repayments
  • Access to insurance and gold savings products


  • Limited loan amount and tenure
  • High rejection rate for low credit score or income
  • Late payment fees and penalties
  • Negative impact on credit score for defaulting
  • Customer service issues and complaints

SmartCoin App Customer Review

Smartcoin app has received mixed reviews from its customers. On one hand, some customers have praised Smart Coin for its fast and hassle-free loan service, low-interest rates, and friendly customer support. They have also appreciated Smart Coin for helping them in times of financial emergencies and improving their credit scores.

On the other hand, some customers have criticized SmartCoin app for its high rejection rate, technical glitches, delayed disbursal, and poor customer service. They have also complained about Smart Coin for charging hidden fees, deducting money without consent, and harassing them for repayments.

SmartCoin Customer Care Number

If you have any queries, complaints or feedback regarding Smart Coin, you can contact its customer care team through the following channels:

  • Phone: +91-6366-6366-66
  • Email:
  • Chat: In-app chat feature
  • Website: [Contact Us]

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    Vishal Kumar

    Vishal is a content writer who writes articles on various topics and is currently working as a writer on loan, banking, and business related financial topics on LOANPANDIT website. Vishal works to explain financial concepts to the readers in a very simple way through his attractive and informative articles. Their goal is to empower people to make financial decisions.

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