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Olyv Review
Smartcoin Financials Pvt Ltd + Upmove Capital Pvt Ltd (own NBFCs)
Lightrock-backed; serves underserved segments
Red flags
- •Reported APR exceeds 100% — predatory range
- •Verify NBFC partner directly with RBI before applying
Green flags
No clear green flags noted.
Permissions demanded
Data practices
Not independently audited. Confirm permissions and data-sharing in the app before installing.
Recovery practices
Recovery practices not independently verified. If you face harassment, file an RBI Sachet complaint.
Sources & references
Grievance & support
- Grievance redressalhttps://web.olyv.co.in/grievance_redressal_policy.html
- Support / helpdeskhelp@smartcoin.co.in
Contact details published by the lender. If unresolved within 30 days, escalate via RBI Sachet.
Disclaimer: Reviews are independent editorial assessments based on publicly available information and user-submitted complaints. APR ranges and fees can change — always check the lender's Key Fact Statement before borrowing. Not financial or legal advice.
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Frequently asked questions about Olyv
Is Olyv RBI-registered?
Olyv is operated by Smartcoin Financials Pvt Ltd + Upmove Capital Pvt Ltd (own NBFCs). Its RBI status: RBI-regulated NBFC. Always verify the parent lender directly on the RBI NBFC list before borrowing.
What is the real APR on Olyv ?
Olyv charges an APR between 80% and 80% per annum with a processing fee of up to 5%. After fees and GST, the effective APR on short tenures can be significantly higher than the headline rate.
Is Olyv safe to use?
Lightrock-backed; serves underserved segments Permissions demanded: not disclosed. Recovery practices: Recovery practices not independently verified. If you face harassment, file an RBI Sachet complaint..
What loan amount and tenure does Olyv offer?
Ticket size ranges from ₹1,000 to ₹50,000, with tenure between 1 and 3 months.
How do I close my Olyv loan early?
Open the app, request a foreclosure quote in writing, and pay the principal + accrued interest. Demand the No Dues Certificate (NDC) within 7 working days — RBI mandates it. If Olyv refuses or harasses you, file a complaint on the RBI Sachet portal.