--- title: 'CredFin Personal Loan 2026 — Full Explanation & Review (Malayalam)' source: 'https://youtube.com/watch?v=HnoyRquVsNA' video_id: 'HnoyRquVsNA' date: 2026-07-31 duration_sec: 583 --- # CredFin Personal Loan 2026 — Full Explanation & Review (Malayalam) > Source: [CredFin Personal Loan 2026 — Full Explanation & Review (Malayalam)](https://youtube.com/watch?v=HnoyRquVsNA) ## Summary This video is a detailed Malayalam-language review of the CredFin personal loan app (Credit Fin Loan Made Easy). The host verifies the app's lending partner and NBFC status, explains eligibility and documentation, and breaks down the true cost of borrowing with a worked ₹20,000 example. He also warns viewers about high interest, hidden charges, and the importance of reading reviews before applying. ### Key Points - **The problem this video addresses** [00:03] — The host notes that people often cannot get money exactly when they need it, and introduces today's topic: a way to evaluate and use a loan app safely. - **CredFin app overview** [00:49] — The app is called CredFin (Credit Fin Loan Made Easy) and contains sections such as What We Offer, Loan Steps, Why, EMI Calculator, FAQ, and Our Partner. - **Lending partner verification** [01:03] — The app's lending partner is Arham Finance and Investment Services Private Limited, based in New Delhi, whose details and website are shown for verification. - **NBFC certificate confirmed** [02:09] — The partner website displays an NBFC certificate, confirming that the app is linked to a registered non-banking financial company. - **How the loan process works** [02:22] — Steps: create an account, fill in the loan application form with basic details, undergo the app's evaluation process, and receive payment once approved; an EMI calculator is also available. - **Key loan features** [02:50] — No security deposit and no hidden costs; loan amount from ₹5,000 to ₹2 lakh; tenure from 62 days to 365 days; APR of 36% (3% per month); 100% digital process with direct money transfer. - **Documents required** [03:31] — Minimum documentation: Aadhaar card, PAN card, and bank statement. - **Eligibility criteria** [03:47] — Applicants must be salaried individuals over 21 years old with a minimum take-home salary of ₹15,000 per month, a valid Aadhaar card, and salary credited to their bank account. - **Worked example: ₹20,000 loan** [04:33] — At 36% p.a. for 3 months: processing fee ₹708 (incl. GST), disbursed amount ₹19,292, flat interest ₹1,800, and total repayment ₹21,800. - **EMI and total cost** [05:29] — Monthly EMI is about ₹7,267; the total three-month cost (interest + processing fee) is ₹2,508 — a high price for an unsecured loan. - **Additional charges** [06:08] — Mandate cancellation/rejection costs ₹250 + GST; bounced cheques cost ₹500 + GST; there is no prepayment charge and the processing fee starts around ₹590. - **Read reviews before borrowing** [07:06] — The host advises reading user comments carefully, checking both positive and negative reviews, and verifying the contact address and phone number before taking a loan. - **Keep the e-mandate active** [08:01] — Leaving the auto-debit mandate open ensures EMIs are paid on time and avoids the problems of manual payments and late fees. - **Risk warning** [08:29] — The lender is RBI-approved and not a scam, but a defaulted ₹20,000 loan can grow quickly, so borrowers should manage repayment carefully. ### Conclusion CredFin delivers quick, fully digital, unsecured loans, but the 36% APR plus processing fees makes them expensive — borrow only after verifying reviews and understanding the complete repayment cost. ## Transcript Hello, I am Vineesh Shokini. When we are in need of money, Often, we do not get the money. First, it is because they do not have it. say that it will be difficult if we do not get it back. They usually situation, your affairs should be handled. There is a way to do so. a way to do so. I'm going into the details of that today. If this is your first time watching the video, please . If you click the bell button next to it, you will what their products are, and whether they have RBI approval viewing is the name of this app. Its name is Credit Fin Loan Made Easy. You can see many pages like What We Offer Loan Steps Why All EMI Calculator FI Q Our Partner. If they first will see the name of their lending partner. Lending partner name is Arham Finance and So, if I just copy the name Arham and you will see Arham Finance and Investment Services Private Limited. You can see the name of Kando Arham Finance and Investment Services Private Limited . So this company is based in New Delhi. There based in New Delhi. There This company is on the 633rd roll. This is the company's ID stuff. So it 's go directly to their website. Here is the website link. After clicking on it, you will be Once you enter this website, on Play Store, you will go directly to the aforementioned Credit Finn's loan app. So let the bottom, it says NBFC certificate . You can click this . Once clicked, . Let's come back. Let's go straight to the details of the loan. So let's first look at the steps of the loan create an account, fill up your loan application form, fill up all your basic details, then the app will go through the evaluation process, once the loan is approved, the payment will process works, there is an EMI calculator, can check it out, now let's go straight to the app and their app is available on the Play Store, after going to the Play Store, it is is available on the Play Store, after going to the Play Store, it is an app that has been downloaded by about 500k people, that is, one lakh people, it first of all, they say that the key features are no security deposit, no security deposit, two, no hidden costs, no hidden charges, the maximum amount they give is from Rs 5000 to Rs 2 lakh. The maximum term is from 62 days to 365 days, which means from two months to one year. The annual percentage rate is 36, which means the interest rate is 3 percent per month. The process is 100% digital and accessible. minimum documentation required is Aadhaar card, PAN card, and your bank statement. Direct money transfer is the only thing that is required. Once approved, main process. Now, what do we need to do for approval? We must be salaried individuals, and it is has several applications. Anyway, I'll make a video of it in the coming days. Both must be over 21 years of age . Three must be people with a minimum take-home salary of 15K per month, i.e., a salary above 15,000. Just give it to them. They are generally planned today. companies give 15,000 to those with over 100,000. This is only given by this one company to those with a salary above Rs. 15,000 . Now the next . Fifth thing is to have Aadhaar card. The salary should be credited to your bank account. took a loan of ₹20,000. The interest rate per annum is 36% for three months . Crossing charge is ₹78 including GST. The amount disbursed is 20,000 -708, which is subtracted from our account. You will get 1929 . If you divide the flat interest rate of 20,000 by 12 for three months and multiply by 38%, you get 1800. That means the interest rate on Rs 20,000 for three months is Rs 1800. So the total repayment is 20000 plus 1800 = 21800 which we have to pay. Basically, if we ask if we get that much, the reality is that we don't get that much. Let's talk about their expenses. The monthly EMI will be 21800 baht = 7267 rupees per month. You have to pay 7627 per month for three months. If we say the total cost of the loan, the processing fee plus interest is 1800 plus processing fee plus interest is 1800 plus 708 rupees 2508. The total you will have to pay for the 2000 rupees they gave you is 2508 rupees for three months. That is such a high interest rate. This is an unsecured loan. They do not rate. This is an unsecured loan. They do not take any money from you, such as Aadhaar or gold, but they give you the us a document to show. from this company to another company, nothing like that You will set this number from your account and hold it. Otherwise you will have to pay them . The normal interest rate is 36. Similarly, if you have made 500 plus GST . Likewise, mandate. you cancel this mandate and it is rejected, you will be charged 250 plus GST. If the bounced check is bounced, it will cost 500 plus GST. There is no prepayment charge. The processing fee will range from 590 to 11918. That's defense. This is how it gets rated. Simply log in to the app Upload basic KYC information. Choose the loan amount and term. After that, they will make the payment to your bank account. They through the app. If you Their email ID is given here. any doubts related to the loan app, they read the comments carefully . Many people will have many opinions on things. There are posted it negatively. It has been put as positive. So check everything only take it after checking it in detail . Because the higher the risk . very careful. So take a look at the new comments . Similarly, some people have a lot of Then only do so after carefully checking what case the negative comments are about . This happens normally with every loan app . has been provided. They have a contact number that says "Thank you for the glowing review" and review" and have any doubts, please contact this number. Just clear it and do it. And once we take out a loan, pay back, it's work. Then always keep this mandate open . The benefit of opening this mandate is that anything. How much is the EMI of the loan, even if that EMI is paid correctly? Otherwise, what will we do when we fail to pay the EMI and fail to pay on time? We will have to make manual payments. There make manual payments. There possibility that many problems like this could occur. So, you can manage the loan carefully and carefully. This is an RBI These companies never try to scam you or . They give you an unsecured loan their business. When we manipulate something within it, we will face corresponding difficulties. If this person takes out a loan of 20,000 and we don't repay it, it won't take long to increase it to 20,000 rupees if we want . Pay attention to all this. When taking a loan, read its reviews, see if it has a contact address and phone number. After making sure that all these are there, you should only take a loan if you are confident, otherwise you should not take a loan. You should also make take it. If not, there is a be useful for everyone. Please write your valuable comments and suggestions in the share the video with them . See you tomorrow with another great video. The Shawnee signing off. Shawnee signing off. [Music]