Zype Loan App Review 2025 |Zype Loan Interest Rate ?|Zype Loan App Customer Care Number

In today’s world loans have become very important in different needs whether it’s for an educational purpose, funding a business and many other requirements. Also in daily life and increasing financial expenses and needs, and in a financial landscape, having access to timely and affordable loans can make all the difference. We hope that through the means of our article we will be able to help you and will be able to make it convenient to choose a reliable lending platform.

In this article we are going to talk about a loan application name “ZYPE”. We will try to give you a proper review telling, “What is ZYPE”, “Is it trustworthy or not”. You will also get to know about the application’s features, how to apply for a loan from this application. Lasty our approach would be to give you our honest opinion covering both pros and cons.

 

WHAT IS ZYPE??

Zype is an instant personal loan application for Salary Loan with Quick Loan Assistance and Pay later. Zype personal loan application promises you to provide a personal loan up to Rupees 5,00,000 for salaried persons in India. It provides a personal loan for medical emergencies, home repairs or other essential needs. According to the application description it is well trusted by over 5 million users for fast, secure and reliable instant personal loans.

 

IS ZYPE TRUSTWORTHY???

Just like any other financial loan application, what is our first concern about is whether the application is trustworthy or not? Or is our data safe in the application? To clear up these questions let’s know, is Zype instant loan application

secure and reliable or not.

So, yes Zype instant loan application is a trustworthy application, partners with RBI registered NBFCs that make it a trusted and safe application. Also, your personal data and documents will be completely safe and secured in this application. You must not worry about that.

 

LOAN STRUCTURE

·       It provides a personal loan from rupees 3000 to rupees 5,00,000.

·       Loan interest rates are from 18% to 36% per annum

·       Instant loan tenures are starting from 6 months to 12 months

·       The processing fee starts from 2% to 6%

 

SAMPLE LOAN CALCULATION OF A PERSONAL LOAN

 

·       Loan Amount                     -            50,000 rupees

·       Loan Tenure                       -             12 months

·       Interest Rate                      -              24% per annum

·       Processing fee                  -             1,250 rupees (2.5%)

·       GST on processing fee -              225 rupees

·       Monthly EMI                      -             4728 rupees

·       Total Interest                     -             6,736 rupees

·       Amount Disbursed        =             48,535 rupees (PF and GST are deducted upfront)

·       Total Repayment Amount =       56,736 rupees (Loan Amount + Interest Rate)

 

INTEREST RATE

According to application the interest rate lies between 18% to 36% per annum. Usually, their interest rate depends on your profile. If you have a good credit score and you don’t have many active loans, then the interest rate would be convenient. And suppose if you have a high-risk profile, you have multiple on active loans on your profile, in that case there are chances they can charge you with a higher interest rate. Though, the application says that only a fraction of customers gets an interest rate higher than 30% per annum.

Apart from interest rates, Zype charges you a little amount per day as late fee charges on your overdue amount. If your loan amount is within 500 rupees then there will be no charges but if it’s higher than that then there will be some daily charges can be applied. But this charge also has a limitation that it does not exceed more than 2500 rupees.

 

ELIGIBILITY CRITERIA

Eligibility criteria for getting an instant loan from Zype are:

·       Age on an individual must be 21 years and above

·       One must be salaried professional

·       The minimum salary of an individual must be 15,000 rupees or above

 

DOCUMENTATION REQUIRED

·       Valid Aadhaar Card

·       Valid PAN Card

·       In some cases, they can ask for bank statements

 

FEATURES OF ZYPE INSTANT LOAN APPLICATION

·       Provides an instant loan up to 5 lakh rupees

·       It is time saving as it completes loan application within 8 minutes.

·       After the process the loan will be approved within 60 seconds.

·       Zype transfers the loan amount directly to your bank account.

·       It provides you the option of repaying loan in flexible tenures of rupees 6,9 and 12 months.

·       You can also make online bill payments for credit cards, loan EMI, electricity, gas bills, water bills, etc.

·       It provides 100% online process with no hassle and physical stress.

·       It provides you the option of closing loan with 0 foreclosure charges.

 

HOW TO APPLY FOR A PERSONAL LOAN ON ZYPE INSTANT PERSONAL LOAN APPLICATION

·       Install the zype application on your mobile device.

·       Log in to the app and complete the loan application using PAN

·       Get loan approval based on your profile and credit score

·       Complete the KYC process with the help of Aadhaar and selfie.

·       Choose the loan amount and EMI plan for your loan repayment

·       Transfer the loan amount to your bank account instantly.

 

PUBLIC REVIEW

So, there have been two different scenarios that we got to know. First by the customer who received a loan amount, they said that they easily got a loan amount from Zype with a decent interest rate. And in the second scenario, people said they first received a message of a pre-approved loan of 50,000, 75,000 rupees and when they download the application, they put their application in the waiting list. This is because of multiple active loans from different applications or if you have bought something on finance, then zype doesn’t approve your loan even if your credit score is higher.

ZYPE INSTANT LOAN APPLICATION LENDING PARTNERS

·       Respo Financial Capital Private Limited

https://respo.co.in/our-partners/

 

·       RPN Fintralease & Securities Pvt. Ltd.

https://rpnfin.com/index.php/our-partners/

 

CONTACT AND ADDRESS

 

Email: support@getzype.com

Phone: 080-35018179

Address: Ground floor, Dyna Business Park, Street no. 1, MIDC, Andheri (East), Mumbai, 400093

 

CONCLUSION

Yes, you can apply for an instant loan from Zype application, but you must repay the loan amount on regular EMI, without any delay. Also, before applying for a loan, you must focus on three things IPT (interest rate / processing fee / tenure) if this feels flexible and convenient to you then it’s good for you. Just make sure to make repayments on time so you won’t have any negative impact on your credit score. Apart from that, Zype customer support is also very good. Overall is a secure and decent application.

 

WE HOPE THAT OUR ARTICLE WILL BE HELPFUL TO YOU.

THANK YOU