Groww Credit: Instant Loan App

Groww Credit: Instant Loan App

by Billionbrains Garage Ventures Private Limited

4.2K ratings
21 reviews

Details

  • Released
  • Updated
  • September 4, 2024
  • July 4, 2026
Groww Credit: Instant Loan App screenshot #1 for iPhone
Groww Credit: Instant Loan App screenshot #2 for iPhone
Groww Credit: Instant Loan App screenshot #3 for iPhone
Groww Credit: Instant Loan App screenshot #4 for iPhone
Groww Credit: Instant Loan App screenshot #5 for iPhone
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About

Access instant personal loans up to ₹10 lakh with flexible repayment options. Monitor your credit health with free credit score and report checks. Borrow against mutual funds without selling investments.

Instant personal loans up to ₹10 lakh
Flexible repayment tenure (3-60 months)
Free Credit Score and Report
Loan Against Mutual Funds (laMF)
Transparent terms and no hidden charges
Digital and secure pledge process
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What's New in Groww Credit

6.16.1

July 4, 2026

Performance upgrades and small tweaks to give you a faster, seamless app experience.

User reviews

More than 90D of suspension of Asset Liquidity and Absence of Support Channel — DO NOT USE THIS AP

The current architecture of this application effectively traps user capital by making the "unpledge" functionality for Mutual Funds non-operational. This is not a minor bug; it is a fundamental breach of customer-centric design and financial agency. I strongly advise everyone to stay away—no one should use this app!
Key Issues:
• Systemic Technical Failure: For over 90 days, the "Unpledge" request has returned a persistent "Please try later" error. This remains unresolved despite multiple software updates, suggesting a backend stagnation rather than a client-side glitch.
• Support Vacuum: The platform offers zero recourse for troubleshooting. There is no ticketing system, no accessible customer care contact, and no escalation path for critical financial blocks.
• Anti-Consumer Logic: Designing an investment platform that facilitates the pledging of assets while providing no functional or supported mechanism to reverse that action is a "dark pattern" that prioritizes platform AUM over user liquidity.
A financial app cannot operate as a "black hole" for user assets without violating basic fiduciary expectations. This is basic App design 101 that you failed at. Once again, do not risk your money here. No one should use this app.
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More than 90D of suspension of Asset Liquidity and Absence of Support Channel

The current architecture of this application effectively traps user capital by making the "unpledge" functionality for Mutual Funds non-operational. This is not a minor bug; it is a fundamental breach of customer-centric design and financial agency.
Key Issues:

- Systemic Technical Failure: For over 90 days, the "Unpledge" request has returned a persistent "Please try later" error. This remains unresolved despite multiple software updates, suggesting a backend stagnation rather than a client-side glitch.
- Support Vacuum: The platform offers zero recourse for troubleshooting. There is no ticketing system, no accessible customer care contact, and no escalation path for critical financial blocks.
- Anti-Consumer Logic: Designing an investment platform that facilitates the pledging of assets while providing no functional or supported mechanism to reverse that action is a "dark pattern" that prioritizes platform AUM over user liquidity.

A financial app cannot operate as a "black hole" for user assets without violating basic fiduciary expectations. This is basic App design 101 that you failed at.
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Error on Grow credit app

I am currently facing an issue while attempting to check the loan eligibility/status on my mutual fund holdings. The system is showing an error and not allowing me to proceed further.

Additionally, I am unable to raise a support ticket through the portal, as that option is also not functioning properly.

Kindly look into this matter at the earliest and assist in resolving the issue. Please let me know if any additional details are required from my end.
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Very helpful

I am really glad with the service provided by tha app , it really helped a lot though the interest rate is littile high , it can be a very good friend in your bad time

Lalit Keshre( fraud ceo)

Groww is the most pathetic app I’ve ever used. Their customer service is non-existent, their system glitches every now and then, and they randomly charge unfair late fees even when the fault is on their own app.

The support team is slow, clueless, and absolutely useless. They don’t solve issues, they only give copy-paste replies.

This platform behaves like thieves — taking money without proper justification and then refusing to listen to customers.

I strongly recommend NEVER trusting this app with your money. If you value your hard-earned money and peace of mind, stay far away from Groww.

A completely fraudulent, irresponsible, and unreliable platform
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Developer apps

FAQ

What is Groww Credit?

Groww Credit is a finance app that offers instant personal loans, free credit score checks, and loans against mutual funds. It aims to provide users with quick access to funds and tools to manage their credit health.

What is the maximum loan amount offered by Groww Credit?

Groww Credit offers instant personal loans up to ₹10 lakh. For loans against mutual funds, the amount can go up to ₹15 crore, subject to mutual fund value and eligibility.

How can I check my credit score on Groww Credit?

You can check your Credit Score for free on Groww Credit. The app also provides a detailed Credit Report to help you understand your credit profile better and track your progress.

What are the interest rates for personal loans on Groww Credit?

The interest rate for personal loans on Groww Credit ranges from 11% to 28% per annum. For loans against mutual funds, interest rates can be as low as 10-12% p.a., varying by lender and profile.

Does Groww Credit have ads?

The provided data does not specify if Groww Credit has advertisements. However, it is categorized as 'free with in-app purchases', suggesting core services are free with potential for additional paid features.

What is the tenure for loans on Groww Credit?

For instant personal loans, the repayment tenure ranges from 3 months to 60 months. Loans against mutual funds have a tenure of up to 36 months, which can vary by lender.

Is Groww Credit safe to use?

Groww Credit adheres to responsible lending practices and complies with applicable laws and regulations. It is registered with NBFCs and Banks, indicating a regulated operational framework for financial services.

What are the registered lenders on Groww Credit?

Registered lenders on Groww Credit include Groww Creditserv Technology Pvt. Ltd. (GCS), Kisetsu Saison Finance (India) Pvt. Ltd., and IDFC FIRST Bank Ltd.