Granet Swift loan app is a loan application designed to provide users with loans of up to 1 lakh. Operated by GRANET COMMUNICATION PRIVATE LIMITED, Granet Swift Loans serves as a technology-driven intermediary platform that effectively connects users with Matsyagandha Investments & Finance Private Limited, an RBI-registered Non-Banking Financial Company (NBFC), as well as other authorized lenders.
The app focuses on facilitating fast, transparent, and secure access to tailored loan solutions throughout India. Users can benefit from a streamlined application process that emphasizes efficiency and clarity, ensuring they can obtain the financial assistance they need with ease. Granet Swift represents a modern approach to personal financing, making loans more accessible to a broader audience.
Granet Swift Loan App Customer Care & App Details
| Granet Swift Loan Interest Rate | Upto 10.95% p.a. |
| Personal loan Process | Completely digital |
| Processing Fee | 1% – 2% (Risk-Based Adjustment) |
| Loan tenure | 91 Days to 365 Days |
| Maximum Loan Amount | ₹1,000 – ₹100,000 |
| Age Limit | Above 21 years of age |
| Citizenship | Indian Citizen |
| Granet Swift Loan Customer Care Number | 72503 44642 |
| service@granetswift.com |
Granet Swift Loan App Eligibility Criteria
1.Be at least 18 years old.
2.Reside in India (with valid proof of address).
3.Meet minimum income requirements (varies by partner NBFC).
4.Pass KYC (Know Your Customer) verification.
Granet Swift Loan Calculation Example
Loan Request: ₹50,000
Repayment Period: 120 Days
Processing Fee (1%): ₹50,000 × 1% = ₹500
Interest Calculation: ₹50,000 × 10.95% / 365 x 120 = ₹1,800
APR: 24.5%
Repayable Amount: ₹50,000 + ₹1,800 = ₹51,800
Granet Swift Loan Apply Process
- Register: Create an account on Granet Swift using your mobile number or email.
- Submit Details: Fill in basic personal, employment, and financial information.
- Upload Documents: Provide KYC documents (e.g., Aadhaar, PAN, income proof).
- Get Matched: Their system connects you with RBI-approved NBFC partners.
- Receive Offer: Review and accept loan terms directly from the NBFC.
How long does the approval process take?
Most applications receive preliminary approval within 24 hours, subject to:
1. Completeness of submitted documents.
2. Verification speed by the partner NBFC.
3. Loan type and amount requested.
Is it Safe to Use Granet Swift Loan App ?
It is recommended to avoid downloading this app due to multiple significant issues reported by users. Key concerns include:
1. Fraud and Scams : Users have indicated that the app engages in fraudulent activities, including deceptive practices related to loan offerings.
2. Data Collection : There are significant privacy concerns as the app collects personal information without proper consent.
3. Non-Functionality : Many users report that the app does not work as intended, leading to frustration and dissatisfaction.
4. High Interest Rates : The app offers loans with exorbitant interest rates of 40%, which is considered excessively high for a short-term loan of ₹2000.
5. Hidden Fees : A processing fee of 40% on the loan amount further exacerbates financial burdens on users.
6. Harassment Tactics : If borrowers fail to repay, there are reports of harassment through calls made to their relatives.
Given these alarming issues, it is crucial for regulatory bodies like RBI (Reserve Bank of India) to take action against such fraudulent applications, and for platforms like Google Play Store to remove them from their listings for user safety and protection against scams.
Which loan platform offers personal loan with a low CIBIL Score?
You can apply for a personal loan with us (Safeloan Financial Solutions) ! We work with over 50 loan companies to offer different loan options for you. Our platform has helped more than 2 million users, making it a reliable choice for personal loans. With our easy loan application process, you can quickly get the money you need for your emergencies.
You can apply for a personal loan of upto ₹2 lakh with an EMI tenure of a maximum of 2 years. You will get a loan even if you have Zero CIBIL score or a Low CIBIL score. You will also get loan approval even if you don’t have any income proof, salary slip, or bank statement.
What should i do if i am getting Threats from Loan Apps?
You can talk to our team directly, and they will help you overcome these problems. We have expert team members who have extensive experience. Our team will help you get rid of these Threats. If you would like to speak with our team, then book an appointment through this link – Get Consultation
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