Olyv (SmartCoin) Loan App Review: Get Up to ₹5 Lakh Instantly

Published On: April 28, 2025

Table of Contents

Introduction

Need urgent cash but can’t stand lengthy bank procedures? Meet Olyv (formerly SmartCoin)—India’s most trusted quick-loan app. It delivers fully digital, paperless personal loans from ₹1,000 up to ₹5 lakh*, with in-app credit-score checks, minimal documentation, and RBI-partner disbursal “within minutes.” But does it truly live up to its instant-loan promise? Let’s find out!

Olyv (SmartCoin) Loan App Review: Get Up to ₹5 Lakh Instantly

Why Choose Olyv (SmartCoin) App Loan?

Self-Employed & Salaried Friendly
Caters to both salaried individuals and self-employed professionals via RBI-registered NBFC partners.
Wide Ticket Size
Loans from ₹1,000 up to ₹5 lakh, fitting small emergencies to larger needs.
Free Credit-Score Tool
Check and improve your CIBIL score for free inside the app before applying.

Olyv (SmartCoin) App Loan Details & Charges

Feature	Details
Ticket Size	₹1,000 – ₹5,00,000
Interest Rate	12 – 36% p.a. (reducing balance)
Processing Fee	2 – 12% (excl. GST)
Loan Tenure	2 – 24 months
CIBIL Score	675 & Above
Foreclosure Charges	Up to 4% (incl. GST)
Bounce / Late Payment Charges	₹0 – ₹500

Disclaimer: Details summarized from RBI-registered NBFC partners. See the in-app “Lending Partner” section for full T&C.

Olyv (SmartCoin) App Loan Eligibility Criteria

Age: 21 – 58 years
Employment: Salaried or self-employed
Credit Score: No strict cutoff; better scores improve offers
Experience: Minimum 2 years (for salaried) or 3 years (for self-employed)

Olyv (SmartCoin) App Loan 3-Step Application Process

Check Eligibility in-app (instant).
Apply for Loan by uploading KYC documents.
Get Funds credited to your bank account—claimed “within minutes.”

Olyv (SmartCoin) App Loan ✅ Pros & ❌ Cons

Pros	Cons
✅ Wide ticket size (₹1,000–₹5 L)	❌ Disbursal can take 1–3 days in practice
✅ Caters to self-employed & salaried	❌ High interest (up to 36% p.a.)
✅ Free in-app credit-score check & improvement tips	❌ Processing fee up to 12% adds significant cost
✅ No default interest penalty	❌ Occasional app bugs & blank-screen during e-signing
✅ Paperless, fully digital flow	–

🔒 Security & Privacy

Olyv partners with RBI-registered NBFCs, uses bank-grade encryption, and collects only mandatory KYC data. No intrusive permissions beyond identity and bank access.

🧑‍💻 Customer Support

Channels: In-app chat, Email, Phone
Hours: 9 AM–6 PM (Mon–Sat)
Common Issues: Occasional delays in disbursal, slow chat response

⭐ Olyv (SmartCoin) App Loan Customer Rating

Google Play Store: 4.6 / 5 (442,954 reviews)

Sample Feedback
Positive: “Professional service—3 loans in 10 months with same-day disbursal. Minimal documentation and excellent support.”
Negative: “Disbursal took 7+ hours during a medical emergency—other apps do it in 30 min. Frustrating delay.”

🔄 App Loan Comparison – Click Here

Olyv (SmartCoin) Loan App Review: Get Up to ₹5 Lakh Instantly

❓ Olyv (SmartCoin) App Loan FAQs

Q1: Can I get ₹5,000 instantly?
Yes—subject to eligibility. Many users receive small-ticket loans within minutes.

Q2: Why is my profile “under review” so long?
High demand and manual checks can delay upgrading your loan limit. Reach out via in-app chat if it exceeds 48 hrs.

Q3: Is Olyv safe?
Yes. It’s backed by RBI-registered NBFCs and follows strict data-privacy norms.

📝 Final Verdict

Olyv (SmartCoin) stands out for its wide loan range and self-employed eligibility, plus a free credit-score tool. However, real-world disbursal often takes 1–3 days, and high rates/fees can be costly. It’s best for those who value flexibility and can plan around potential delays.

For immediate needs under ₹50,000, compare with apps like MoneyTap or KreditBee. Use Olyv to build credit history—but always crunch the numbers on total interest and fees before you borrow.

⚠️ Disclaimer

This review compiles publicly-available and user-submitted feedback. Loan terms may change—always verify details in the Olyv app’s “Lending Partner” section before applying.