Short answer: Olyv (formerly SmartCoin) starts at 1.5% a month (18% a year), but its Google Play listing shows APRs of 30% to 90% and fees of 2% to 15% depending on the lender. KreditBee publishes a lower range (12% to 27.5%) and a fee of up to 4.7%.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
Olyv (SmartCoin) vs KreditBee at a glance
| Olyv (SmartCoin) | KreditBee | |
|---|---|---|
| Type | Loan app (platform for RBI-regulated partner lenders) | Loan app (Krazybee Services, an RBI-registered NBFC, plus partner lenders) |
| Loan amount | Up to ₹5 lakh | ₹3,000 to ₹10 lakh |
| Interest rate | From 1.5% a month (18% a year); Google Play example uses 3% a month | 12% to 27.5% a year (website); 12% to 28.5% (Google Play) |
| APR | 30% to 90% (Google Play) | 17% to 50% (Google Play) |
| Processing fee | 2% to 15% of the loan, by lender, deducted upfront | Up to 4.7% + GST |
| Tenure | 2 to 24 months (Google Play); 2 to 18 months (site) | 3 to 60 months |
| Minimum income | ₹15,000 a month, household income over ₹25,000 | ₹10,000 a month (household income above ₹25,000) |
| Who can apply | Salaried or self-employed with consistent income | Salaried (2+ months in current job); self-employed options linked |
| Age | 21+ | 21 to 60 |
| Prepayment and foreclosure | Up to 4% of remaining principal + GST, varies by lender | Foreclosure up to 5% of principal outstanding + GST; part-prepayment up to 5% of amount prepaid + GST |
| Product | Term loan (EMI) | Term loan (EMI) |
| RBI-regulated lenders | Upmove Capital, Hari and Company Investments Madras, Northern Arc Capital, InCred Financial Services, PayU Finance India, Poonawalla Fincorp | Krazybee Services, PayU Finance India, Oxyzo Financial Services, Vivriti Capital, Cholamandalam Investment and Finance, Kisetsu Saison Finance, Tata Capital, Northern Arc Capital, Piramal Finance, MAS Financial Services, Mirae Asset Financial Services, Aditya Birla Capital |
| On RBI’s digital lending app list | Yes: 6 RBI-regulated lenders list it; 1Cr+ installs, rated 4.7 | Yes: 15 RBI-regulated lenders list it; 10Cr+ installs, rated 4.6 |
| Also worth knowing | Short tenures from 2 months; Penal interest up to 36% a year on overdue EMIs | Says low-CIBIL applicants may qualify; Penal charge 36% a year on overdue principal (2 to 180 days) |
Install counts and ratings are from Google Play, as recorded on RBI’s digital lending app list check of 5 October 2026.
What a ₹50,000 loan over 12 months would cost
We costed the same loan on each lender’s advertised figures, using the standard reducing-balance EMI formula and adding 18% GST to fees where the lender quotes them before tax. The lowest advertised rate is usually for the strongest credit profiles; many borrowers are offered more.
| Lender | Scenario | Rate a year | EMI | Total interest | Fee incl. GST | Total cost |
|---|---|---|---|---|---|---|
| Olyv (SmartCoin) | Lowest advertised rate, 3% fee incl. GST | 18% | ₹4,584 | ₹5,008 | ₹1,500 | ₹6,508 |
| Olyv (SmartCoin) | Play example rate (3% a month) | 36% | ₹5,023 | ₹10,277 | ₹1,500 | ₹11,777 |
| KreditBee | Lowest advertised rate | 12% | ₹4,442 | ₹3,309 | ₹2,773 | ₹6,082 |
| KreditBee | Highest advertised rate (website) | 27.5% | ₹4,813 | ₹7,757 | ₹2,773 | ₹10,530 |
Try your own numbers in our personal loan EMI calculator. For loans quoted only as APR, the APR already includes fees, so the total is an estimate.
Key differences
- Rate: Olyv from 18% (Play example 36%); KreditBee 12% to 27.5%.
- Fee: Olyv 2% to 15%; KreditBee up to 4.7% + GST.
- Tenure: Olyv from 2 months; KreditBee from 3 months, up to 60.
- Income: Olyv ₹15,000 (household ₹25,000); KreditBee ₹10,000.
Which should you choose?
Olyv (SmartCoin) may suit you if you need a very short loan of 2 to 3 months.
KreditBee may suit you if you want lower published fees and rates, or a longer tenure.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Find the lender’s name in the app and check it on RBI’s list of digital lending apps or our RBI-registered NBFC search.
- Read the Key Fact Statement (KFS) before you accept. It must show the APR, every fee and the total you will repay.
- Never pay a fee before the loan is disbursed. Regulated lenders deduct fees from the loan or add them to the EMI.
- Apply to one or two lenders, not ten. Each application is a hard enquiry on your credit report.
- Check that the EMI fits your budget with our FOIR calculator.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Is Olyv the same as SmartCoin?
Yes. SmartCoin has been renamed Olyv. Loans come from RBI-regulated partner lenders listed on its site.
Why is Olyv’s APR range so wide?
Fees vary from 2% to 15% by lender, and short tenures make fees count for more in the APR. Check the KFS for your offer.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
- Olyv website
- Olyv processing charges
- Olyv on Google Play
- KreditBee personal loan page
- KreditBee on Google Play
Read more: Olyv (SmartCoin) app review · KreditBee app review · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.