OneScore: Credit Score App 3.15.08

OneScore presents itself as a comprehensive platform for credit score management and personal loans, reportedly trusted by over 40 million users in India. The application is designed to assist individuals in obtaining immediate financial assistance for various needs, whether it be for unexpected expenses, travel, or medical bills.

Key Features of OneScore include:

• Instant loan disbursal
• Simplified application process
• No collateral requirement
• Minimal documentation
• Flexible EMI options

To maximize benefits, users are encouraged to regularly monitor their credit scores and seek personalized loan offers based on their financial profiles. The app supports instant approval for loans, contingent upon one’s credit score and other criteria.

Additionally, the application includes an EMI calculator to help users plan their repayments effectively.

Eligibility Criteria for Optimal Loan Offers:

• A credit score of 730 or higher
• Stable employment with a monthly income exceeding ₹20,000
• Aadhar and PAN card must be held

Loan Characteristics:

• Lending Partners: Federal Bank, South Indian Bank, Kisetsu Saison Finance India (KSF)
• Loan Amount: Up to ₹5 lakh
• Loan Tenure: 6 to 48 months
• Interest Rates: Vary from 12.5% to 29.99% based on the lending partner
• Processing Fees: Typically between 1% and 2.5%
• APR: Ranges from 13.32% to 42%

An example of a loan scenario involves a ₹50,000 personal loan at a 13% interest rate over one year. The total amount payable over the loan term includes various calculated fees and interest, highlighting the comprehensive financial implications of borrowing.

User Benefits of OneScore:

• Access to loans up to ₹5 lakh with minimal documentation.
• Free access to Experian and CIBIL credit scores without intrusive advertisements.
• Real-time notifications regarding changes in credit scores.
• Analyzing credit score changes through a detailed report.
• A 'Find out why' feature to explain fluctuations in credit scores.
• A Score Planner to establish and achieve credit score objectives.
• Simplified management of loan and credit card accounts.
• Easily report inaccuracies in credit records.

Differentiating Factors of OneScore:

• An end-to-end credit management tool that supports users from building their scores to accessing personal loans at competitive rates.
• A commitment to user privacy, ensuring that personal data remains confidential and secure.

Email Support: For assistance, inquiries can be directed to [email protected]. Additional information is available on the official website: https://onescore.app. The registered address is: West Bay, S. No. 278 Hissa No. 4/3, Pallod Farms Phase II, Baner, Pune, MH IN 411045.