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BITSYYLOAN enables short-term loans to salaried professionals. Powered by a proprietary predictive algorithm called The SBQ (Social Borrowing Quotient) that creates a sophisticated credit profile of consumers not based on conventional banks and credit agencies.You can now avail need based loans ranging from Rs. 5,000 to Rs. 5,00,000 . All you require is a salary slip, bank statement, PAN card address proof & passport size photo. Money is in your bank account within minimum possible time.

BITSYYLOAN – For timely EMI payments or squaring monthly bills, taking a vacation to unwind or meeting a medical or financial emergency. Keep the power of BITSYYLOAN in your smartphone.

Social Borrowing Quotient – we are concerned with your present, not your past. Any brand born into the digital world should possess the required attributes to construct a better space for digital savvy. We all are a part of the ever-growing digital community which has an indelible impact on us in multiple ways.

Hence, the quest of finding our footprints into the social world drove us to develop an advanced credit ranking system using big data analytics, AI and predictive tools to calculate (Social Borrowing Quotient) SBQ of our customers. The Conventional lending agencies and banks rely more on your past financial transactions, but we are interested in your today. SBQ’s revolutionary approach changes the way credit-risk is calculated. It is linked to a number of data points including mobile and social media footprint, education, monthly salary and career experience. SBQ is an interactive platform which horizons your credit score.

Just provide these 5 basic documents and you can get yourself credit approved with BITSYYLOAN

  1. Photo Identity Proof – PAN card.
  2. Latest salary slips (3 Months).
  3. Permanent Address Proof – Any one (1): Aadhar Card/Passport/Driving License/Voter’s Identity Card or Utility Bills i.e Electric/landline phone bill/ Gas Bill (not more than 2 months old) If Current Address is different from Permanent Address, then additionally: Utility Bill- Electric/landline phone bill/ Gas Bill of current address (not more than 2 months old), Leave & License Agreement/Rent Agreement.
  4. Latest statement of your Bank Account, showing your salary credit (3 Months).
  5. Pass port size photograph.


Your information will only be used internally.
  1. PAN Card shall be verified electronically from Income Tax Website.
  2. Similarly Aadhar Card & Voter’s Identity Card shall be verified through Independent Agency.
  3. Utility Bills and Passport will be used to verify address.
  4. Passport size photo.


For more information on this you may contact us on info@bitsyyloan.com

About Documentation

BITSYYLAON aids the Lender in using a proprietary system to ascertain your creditworthiness. Don’t worry, this information is for internal use only. The security of your information is of the utmost importance to us. For more information, feel free to go through our Privacy Policy.
  1. BITSYYLOAN has a one-time registration process. Once you register with BITSYYLOAN and receive eligibility, you’re free to borrow as many times as you wish.
  2. Once your documents are verified and you are credit approved, you can relax for the next 30 days without resubmitting your documents. However, we would expect you to notify us immediately if there are changes in your employment, salary or residence. In any of these cases, you would have to send the necessary document for us to verify it again.
Relax. We trust you. We require no collateral. Simply provide us your valid documents so we can determine your eligibility and you’re all set!
Any Indian citizen residing in India, above the age of 18, with a proof of current employment, earning a monthly salary of 10,000 and above, a SMART Phone, a bank account, a Facebook / Google+ / a LinkedIn account, Whatsapp ID and valid identity and address proof can apply for BITSYYLOAN.

More

With our multiple loan options you can now opt to borrow BITSYYLOAN starting as low as Rs 5,000 to a maximum of Rs 5 lakhs.You start at Level 1 and proceed to Level 13. with every borrowing and Timely repayments .
If you haven’t sent the required documents, furnished false information, lack of job or the means to repay, or your profile does not include the qualities required of a user of BITSYYLOAN, or if we are unable to verify your information, your application could be rejected and the same shall be communicated to you. This isn’t a reflection on your credibility, it’s simply that your profile does not fit as per our algorithm.
Absolutely, If you feel that your application should be reviewed or if you believe that there has been material improvements in your creditworthiness since you last applied, do re-apply after 1month from the rejection of your previous application. We will look into it. However, the approval remains solely at the discretion of Lender.

This is unlikely –BITSYYLOAN has been designed to complete your credit appraisal within hours. Once that’s completed, you will be informed immediately of your eligibility. In some cases, some additional information may be required to disburse loan But, whatever the case, we’ll ensure that you’re always kept in the loop.
You cannot make changes to your loan amount post final approval is given to your loan request.
The lenders reserve the right to recall, with due notice, any loan cash disbursed to Borrower for failure to disclose materially valuable information to determine your credit profile. If you’ve provided false or misleading information, the Lender will call for the amount to be repaid within 24 hours, following which you will be categorised as a defaulter, with the attendant penalties and appropriate steps may be taken by appropriate authorities.

Repaying your loan

Is that even a question?? Absolutely! In fact, making payments before they are due raises your SBQ score. However, the processing fee and convenience charges are deducted at source at the time of disbursement and it will not be reduced/ reimbursed in such instances.
  1. We accept payments through NEFT/IMPS/UPI only. We do not accept CASH/CHEQUE for repayments.
  2. Enter your BITSYYLOAN LN # as account number in the field called Account number and choose Account name as .The account details for payment of loan amount disbursed are mentioned below :
    • BANK NAME : IDFC BANK
    • IFSC CODE : IDFB0021001
    • ACCOUNT HOLDER / FIRM NAME :
  3. Please make sure that you enter the above information correctly while transferring funds.
  4. Please write to support@bitsyy.loan. if you need further assistance.

In case you default on your loan

Default is a failure to repay the full amount due including Interest within the time frame (including extended periods) from date of disbursement of loan amount. If you fail to repay within the stipulated time period allotted to you, you will be classified as a defaulter with BITSYYLOAN and you will be unable to take a loan with BITSYYLOAN .
BITSYYLOAN is an enterprise of trust. As a user of BITSYYLOAN, Lender lends you cash because it believes in your creditworthiness, and in your ability to return it. So, should you default despite the trust bestowed, the Lender will be forced to make your status as a defaulter public on the BITSYYLOANapp and website, Lender’s website and on your social network and take necessary steps for recovery. Lender will also inform CIBIL and other credit rating agencies.

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