Loan Instant Personal Loan App - Checkpoint for Android

With Checkpoint, get an Instant Personal Loan in just a few hours. Whether you want to furnish your home, cover wedding expenses, throw a party or take a break & go on a family vacation, we've got you covered with an easy instant loan.

We provide instant loans from 10,000 to 5,00,000, with an average monthly interest between 1.33% - 2.5%. These instant loans are given for a duration of 3 months - 60 months. The standard processing fee varies from 2.5% to 4% of the loan amount.

Eligibility

Our proprietary credit models use financial SMS data (sent by banks and billers) to give you the best real-time loan offer. This process goes beyond the traditional credit scores and allows us to understand your profile better, and make you the best possible offer. In fact, having a credit history isn't necessary to avail a personal loan through Checkpoint.

Features of the loan:

It's quick - Get the loan in a few hours

Apply for a personal loan of up to 5 Lakh

Personalize your loan amount and payback period through the app

Completely paperless process - Apply for a personal loan through the app and payback through the app

No document pickup required for personal loan approval - completely app-based

Backed by excellent customer service

Personal Loan Process

The Checkpoint app is the fastest and easiest way to get a personal loan. It is completely app-based - from loan application to loan repayment. Four steps, that's all you need to complete to get the loan amount in your account:

Choose loan amount and loan tenure

Upload your documents & complete your loan application

Check eligibility & verify documents

Review and submit the loan agreement

Get started by downloading the app right away!

Our loan amount range from 10,000 to 5,00,000

Loan duration range from 3 months - 5 years (60 months)

Annual Interest rates vary from - 16-36%*

Processing fee vary from 2.5% - 4%*

For eg., for a loan of 50,000 with an APR of 18% and 24-month tenure total interest & fees will be 11,679.

*These numbers are indicative and final interest rate or processing fee may vary from one user to another depending on their credit assessment

About Safety & Security

Checkpoint does not read your personal SMSs, bank OTP's, passwords or account numbers. The app recognizes accounts based on the last four digits mentioned in an SMS. Checkpoint uses bank grade security & encryption - so your data and money are safe. A checkpoint is completely safe & secure.

The app requires the following permissions to function properly :

SMS - READ_SMS, RECEIVE_SMS

Required to read your financial SMS sent by banks and biller. Your financial transactions are used to create your financial and risk profile, to provide the best loan offer based on the financial SMSs

Location - ACCESS_FINE_LOCATION

Required for verifying current address for the loan application

Contacts - GET_ACCOUNTS

Required to fetch the verified Google email for the loan application

Contacts - READ_CONTACTS

Required for assessing your social profile as an input for providing the best loan offer

Camera & Media Access - CAMERA, READ_EXTERNAL_STORAGE, WRITE_EXTERNAL_STORAGE

Required for enabling upload of loan application documents like PAN card, Selfie, etc.

Read Device Info - READ_PHONE_STATE

Required to link the unique phone ID (IMEI) to the loan application for security purposes