Menu
Omozing SmartSwitch · Loan-app debt consolidation
SmartSwitch replaces several short-term loan-app loans with a single Omozing personal loan, so you stop paying fees and daily interest just to roll them over, and start paying your debt down to zero.
Illustration: app loans at a 10% fee per rollover plus 1% interest a day; Omozing EMI assumes 2% a month flat on the amount borrowed and a 4% processing fee. Your rate depends on your profile and is in your Key Fact Statement.
Short-tenure loan apps are quick to approve, but they are priced for 7 to 30 days. When the due date comes and the salary isn’t enough, borrowers take a fresh loan from another app to repay the first. Each rotation costs a new processing fee plus daily interest, and the original amount never comes down.
~10% fee
deducted every time you take or roll over a loan
~1% a day
roughly 30% a month on what you owe
One EMI
a fixed monthly rate, priced to your profile and disclosed in your Key Fact Statement, and a loan that actually ends
Loan-app costs vary by app; the figures above are what we commonly see in the bank statements of SmartSwitch applicants. Your Omozing rate depends on your risk profile and is shown in your Key Fact Statement before you sign.
Enter the loan-app loans you are carrying. The calculator shows what they cost you every month just to stay current, and what a single Omozing EMI would look like.
₹0
This does not reduce what you owe.
₹0
Your loan is fully repaid at the end of the tenure.
—
Illustration only, not an offer. Assumes each app loan is rolled over once a month at the fee and daily rate you enter. Omozing’s rate, processing fee and tenure are set after a credit review of your profile and stated in your Key Fact Statement before you sign. GST on fees is not included here.
Fill a short application and upload your last 6 months’ salary-account bank statement and your latest salary slip.
A credit officer reads your statement and credit report, lists every loan-app loan you’re carrying, and works out a single loan and EMI that fits your salary.
You see the annual percentage rate (APR), every fee and the full repayment schedule before you sign.
The loan is credited to your bank account. We never pay third parties on your behalf.
You repay each loan app and collect its no-dues certificate (NOC), typically within 15 days. We check the closures against your statement and credit report.
One date, one amount, one lender, and a loan that ends.
| Requirement | Details |
|---|---|
| Employment | Salaried, with salary credited to a bank account |
| Take-home salary | ₹40,000 a month or more |
| Credit score | From 600 |
| Documents | 6-month salary-account bank statement and latest salary slip |
| Co-applicant | Optional. A spouse, family member or friend can apply with you to strengthen the application. |
| Location | Pan-India |
SmartSwitch is not debt settlement. Settling a loan for less than you owe is reported to credit bureaus and can hurt your credit score for years. SmartSwitch repays your loan apps in full, so each account closes as paid.
| SmartSwitch consolidation | Debt settlement | Taking another app loan | |
|---|---|---|---|
| What happens | One new loan repays all app loans in full | Lenders accept less than you owe | New loan repays an old one |
| Credit report | Old accounts close as paid | Marked “settled”, which lenders treat as a negative | More enquiries and accounts |
| Monthly outgo | One planned EMI | Lump sums, often after defaults | Fees and interest every rotation |
| Does the debt end? | Yes, at the end of the tenure | Yes, with credit damage | Usually not |
SmartSwitch is Omozing’s loan-consolidation loan. It replaces several short-term loan-app loans with one personal loan from Aparampaar Finance, an RBI-registered NBFC, repaid in fixed EMIs.
Most SmartSwitch loans range from about ₹50,000 (one app loan) to ₹3–5 lakh (several apps together). Omozing personal loans go up to ₹25 lakh, subject to your salary and credit review.
No. The loan is credited to your own bank account. You repay each app, usually within about 7 days, and share the no-dues certificates so we can confirm the closures.
Your rate is set by our credit team based on your salary, credit history and existing obligations, Stronger profiles get lower rates. Your exact rate, processing fee and APR are in the Key Fact Statement you see before signing, and you are free to decline the offer. For most applicants the bigger number is the saving: one EMI usually costs a fraction of what loan apps charge each month just to roll over.
Closing several loan-app accounts as fully paid and then repaying one EMI on time usually helps over time. We can’t promise a specific score, because scores depend on your whole credit history. Our Credit Score Booster service can help you plan the next steps.
No. Omozing never asks for an upfront fee, deposit or OTP before a loan is approved. If someone does, report it on the RBI Sachet portal.
Omozing is the digital lending brand of Aparampaar Finance Private Limited, a non-deposit-taking NBFC registered with the Reserve Bank of India. See our regulatory disclosures, schedule of charges and grievance redressal process.