GS Finance loan app is a user-friendly digital loan application provided by GS Leasing and Finance Pvt. Ltd., which is a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI) under registration number B-03.00124. The app specializes in offering short-term personal loans that range from ₹1,000 to ₹2,00,000, catering to various financial needs.
One of the key features of GS Finance is its flexible repayment options, allowing borrowers to choose tenures from 91 days to 365 days. This flexibility makes it easier for users to manage their repayments according to their financial situations. With its straightforward interface and efficient loan processing, GS Finance aims to provide a seamless borrowing experience for its users.
GS Finance Loan App Customer Care & App Details
| GS Finance Loan Interest Rate | Upto 28% p.a. |
| Personal loan Process | Completely digital |
| Credit Score Check Fees | ₹51/- |
| Loan tenure | 90 Days – 365 Days |
| Maximum Loan Amount | ₹1,000 – ₹2 Lakh |
| Age Limit | 18 years to 55 Years old |
| Citizenship | Indian Citizen |
| GS Finance Loan Customer Care Number | 9244565757 |
| support@gsfinance.in |
GS Finance Loan App Eligibility Criteria
- Indian citizen aged 18 years and above
- PAN card and Aadhaar card required
- Active bank account
- Minimum credit score of 700
GS Finance Loan Calculation Example
Loan Amount: ₹10,000
Tenure: 3 months
Interest Rate: Minimum 18% Maximum 28 % per annum
Processing Fee: ₹300
Total Interest: ₹450
Total Repayment: ₹10,750
PaySense Loan Key Features
1. 100% Online Paperless Process : The GS Finance loan app allows users to apply for loans entirely online, eliminating the need for physical paperwork and making the application process quick and convenient.
2. Loan Disbursal by RBI-Registered NBFC : Loans are disbursed directly by a Non-Banking Financial Company (NBFC) that is registered with the Reserve Bank of India (RBI), ensuring reliability and compliance with regulatory standards.
3. eNACH Auto-Debit Setup for Easy EMI Payments : The app offers an eNACH (Electronic National Automated Clearing House) feature that enables automatic debit of Equated Monthly Installments (EMIs) from the borrower’s bank account, simplifying the repayment process.
4. Transparent Loan Terms and Fast Approval : GS Finance provides clear and transparent loan terms, allowing borrowers to understand their obligations fully. Additionally, the app is designed for fast approval, ensuring that users receive timely access to funds when needed.
Is it Safe to Use GS Finance Loan App ?
It is advised not to download this app due to several significant issues reported by users. Key concerns include:
1. Users have expressed disappointment with the app’s functionality, particularly with the login process, which has been described as problematic.
2. There are reports of users being prompted for payment multiple times despite already having paid, leading to frustration regarding service reliability.
3. Some users have noted that their KYC (Know Your Customer) verification has been pending for an extended period, specifically five days.
4. Additional feedback indicates that the app may be experiencing crashes and failures during login attempts, raising concerns about its overall performance and reliability.
5. Overall user sentiment suggests that many consider this app to be ineffective or “fake” due to these ongoing issues.
However, we understand that every individual’s situation is unique, so we encourage you to do your own research and consider your options carefully before making a final decision.
Which loan platform offers personal loans to people 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.
GS Finance Loan App Reviews
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