At Love Credit, we believe in the notion “Celebrate, Don’t Wait” by using credit as a financial planning tool to balance your future earnings with your present requirements.

We at Love Credit “Go beyond credit score” and attempt to predict how your financial future will unfold. Your credit score just tells how well you managed your liabilities in the past. We consider your demographic information, your education, your employment status, alternate data obtained from your online presence, bank statements and a few other factors to reasonably predict the future trajectory of your financial position to enable lenders to determine your loan eligibility.

We plan to use the data collected to analyse your profile and match you with relevant credit products and offers which are best suited for you.

Yes, we will soon be providing a number of loans and offers which will be most relevant to your needs and requirements.

Once you give your basic information and upload your bank statements, generate future projections of your salary and debt servicing capacity with the help of Artificial Intelligence. This information can help you plan your financial future better.

After you have successfully created your profile, you can review your profile presented to you to understand how lenders see it and you can also plan your financial future with the help of these projections.

You can also specify the type of loans and credit products you are looking to avail and we will endeavour to bring you relevant offers.

Yes, safeguarding your information is important to us. All your information, whether in transit or at storage, is encrypted. We are compliant with data privacy and IT security norms in India.
We do not sell your information to marketing agencies for telecallers or any other third party. We will only share your information with our financial partners with your consent to provide you with their products and offers.

Yes, the usage of our services is absolutely free, with no annual charges, spam calls or ads.

To use the Love Credit app please follow the following steps col-1:
Step 1: Download the Love Credit app from the Playstore
Step 2: Register using your mobile number and allow permissions after you review these
Step 3: Fill in your personal information, including employment and earnings
Step 4: Give consent to obtain your Free Credit Report

And there you go! Your comprehensive Credit Profile is available at a single tap.

We would require access to some of your phone data to build your profile on Love Credit. These permissions are in line with what most of the lending companies use to evaluate your credit profile with alternate data. We obtain permissions to access phone device data, contacts, location and storage. You can review the permissions and underlying details before accepting.

We factor in age, education, employment, location, industry, economic growth, inflation and a few other factors in our data model to project your future earnings. These are model-driven projections that are strong indicators but might not hold good for each case.

We use commonly-used parameters deployed by various lenders to indicate loan eligibility amounts. It is a primary function of your earnings, earning capacity and current liabilities.

Personal Finance score represents your earnings, expenditure, savings, trends of your minimum and average balances. Our AI-driven models assign different weights to arrive at your Personal Finance Score which is represented in a two-digit number between 0-100.

Your bank statement provides information about credits in your account - earnings or loans, the nature of your spend and trends of your income, expenditure, investments and savings. Bank statement analysis is a strong tool, and you can use the analysis to explain to the lenders any exceptional items that you think do not represent your normal financial position.

We partner with Experian to understand your credit score. Your credit score is a number between 300-850 which depicts the likelihood to repay a debt. A higher credit score signals that a borrower is lower risk and more likely to make on-time payments.

Any score above 700 out of a possible 850 is considered good.

Payment history, credit usage, length of credit history number and types of accounts and credit card outstanding are some of the key factors in determining the credit score. It’s a historic summary of your credit position used to denote your likelihood of default.

Keeping payments on time, having proper utilization of available credit, restricting an undue number of enquiries are some of the steps col-1 you can take to improve your credit score. In case you have limited exposure to credit products you can explore obtaining some low-cost credit cards.

Based on your credit profile created on the Love Credit App we will be generating relevant offers of loans and other products which best match your needs. You may specify what loans you are looking for and the duration you want to repay in and we will make our best efforts to bring the most appropriate offers to you.

We will be coming up with the credit products and loan offers soon, stay tuned to keep up to date with our latest updates.

No, since the credit score we obtain and share with you is generated on your behalf (soft enquiry) it does not constitute a loan enquiry and does not impact your score.