Quikkred
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⚠️ IMPORTANT: Only make loan repayments through our official website Quikkred.com or Quikkred mobile app. Never share OTP or passwords.
Quikkred
Loading your experience...
⚠️ IMPORTANT: Only make loan repayments through our official website Quikkred.com or Quikkred mobile app. Never share OTP or passwords.
Responsible & Transparent Lending Practices
Effective Date: January 1, 2026
We, Satsai Finlease Private Limited, an RBI registered NBFC committed to providing personal loans to employed professionals. We easily meet your unique financial needs by incorporating innovation into the credit availing process, giving you instant access to funds directly.
We offer loans at affordable interest rates due to a minimal risk profile. At Quikkred, we take pride in offering the lowest interest rates to our borrowers, ensuring they are not unnecessarily burdened by high interest rates.
The purpose of this document is to provide a detailed description of the target customer profile for this product, sourcing strategy, customer selection criteria, product and program offering, detail credit and risk norms, risk mitigation and provide a high-level business process flow.
While the Indian economy has traditionally been a cash-based economy, this trend is fast changing. Non-cash-based payments have been registering an upward trend in recent times. India's digital payment system has grown exponentially in recent years. The digital payments sector is expected to contribute significantly to India's gross domestic product (GDP). Multiple factors and official & behavioral trends are fueling this shift towards a cashless economy.
Enhanced internet connectivity, high rate of penetration of smartphones and flagship government initiatives such as 'Digital India' have been acting as key catalysts for this change. In fact, non-cash payments are expected to overtake cash transactions in the coming years.
* Source: Digital Payments Report - BCG & Google
There are key enablers which have hastened the transformation to a digital economy with pull and push type of payment requests:
Helps make payments directly to the Aadhaar enabled bank accounts of people.
Users can provide their Aadhaar number and fingerprints at a micro ATM to benefit from financial services.
While the authentication is done by UIDAI, the financial transactions are handled by NPCI.
Demonetization has created the need for a shift to digital transactions, its surprise element depriving cash of the security and confidence it once enjoyed as a legal tender. A point of sale terminal (POS machine) is an electronic device used to process card payments at retail locations.
A POS terminal generally does the following:
Reads the information of a customer's credit or debit card
Checks whether the funds in a customer's bank account are enough
Transfers the funds from the customer's account to the seller's account (or accounts for the transfer with the credit card network)
Records the transaction and prints a receipt
The number of POS machines in India has grown significantly post-demonetization, reflecting the rapid shift towards digital payment infrastructure across the country.
The Company offers the following loan products:
Short-term unsecured loans for immediate cash needs
Secured loans against residential/commercial property
Consumer loans with structured EMI repayments
Working capital and term loans for businesses
To be eligible for a loan, applicants must meet the following criteria:
Complete online application with required details and documents
Digital KYC verification through Aadhaar-based authentication
Evaluation of creditworthiness, income, and repayment capacity
Approval decision with Key Fact Statement (KFS) disclosure
Direct transfer to borrower's bank account
Interest rates are determined based on:
Transparency Commitment: All applicable charges including Platform fees, interest rates (APR), penal charges, and other fees are disclosed upfront in the Key Fact Statement (KFS) before loan sanction.
Every borrower has the right to:
The Company has a robust grievance redressal mechanism:
This Lending Policy is compliant with:
This policy shall be reviewed annually or upon any regulatory changes, whichever is earlier.
This Policy shall come into effect from 1st April 2025.
Approved by: Board of Directors, Satsai Finlease Private Limited