Why Borrow at TachyLoans

Need a personal loan?  Whether it’s for festival shopping, to go for a vacation, purchase household appliances, meet medical, education, wedding expenses, or anything else, TachyLoans has you covered! We offer a simple and transparent way for salaries and self-employed individuals to avail P2P loans in India. It’s quick, hassle-free, and comes at extremely low-interest rates as compared to other platforms. And if that’s not convincing enough, here are the rest of the benefits that come with availing a personal loan through TachyLoans.

Simpler and Faster

Our quick and easy online application process ensures that there is no paperwork involved. No more standing in queues. No more waiting for weeks together to get your personal loan approved. If a fast and efficient process is what you’re looking for, you’re at the right place.

Security and Confidentiality

We believe in a system that’s not just efficient, but also safe and transparent, both for the borrower and the lender. Therefore, you will be required to upload government-issued KYC (Know Your Customer) documents such as ID and address proof as part of a routine KYC due diligence process mandated by RBI.

All the information provided in the online application form is encrypted to ensure privacy of personal details. Our servers are secured using advanced, high-grade security and encryption protocols to protect your privacy.

Lower interest rates

Since TachyLoans does not need to own, rent, staff or maintain a network of physical branches, our overheads are vastly lower than that of other banks. We pass on the savings to our borrowers by offering personal loans at profitable P2P interest rates starting from 11.5% p.a.

No collateral and no hidden costs

You will not be required to provide any collateral to avail an unsecured personal loan. There will be no hidden charges or costs.

Proprietary Credit Scoring Model

Our proprietary credit scoring model assigns a rating to every borrower based on several parameters and CIBIL scores. Our internal credit scores determine the interest rate that borrowers are charged, on a sliding scale, with fixed minimum and maximum interest rates.

­­­­­Eligibility Criteria

A borrower should be/have:

  • An Indian citizen residing in India;
  • Above 21 years of age;
  • A valid bank account, PAN number, proof of income and educational qualifications (as applicable);
  • Valid KYC documents for ID and address proof (Aadhaar/Voter ID card/Passport/Driving Licence).
  • At our discretion, you may additionally be required to provide proof of income tax paid, ownership of assets, and related documentation.

Get Started

Borrowing was never this quick and easy. Follow these two simple steps to register as a borrower and apply for a loan.

Step 1   Click on the button below to sign up
Step 2  Submit the requisite KYC documents
   You must have valid KYC documents as mentioned below:

  • Valid ID proof: PAN/Aadhaar/Voter ID card/Driving Licence/Passport
  • Address proof: Aadhaar/Passport/Driving Licence/Voter ID card

Note: If in case we need any additional documents, we will contact you.

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