Finnable Personal Loan Details

Following are the key details of Finnable personal loan:

Loan amountRs. 50,000 - Rs. 10 Lakhs
Rate of interest16% - 26% p.a.
Repayment tenure6 - 60 months
Processing fees 3% - 4% on the principal loan amount
Prepayment charges 3% - 6% on the remaining principal amount + GST
TAT48 hours
Income

Minimum Rs. 25,000 in metros

and Rs. 15,000 in tier 2 & other cities

Finnable scoreMinimum 650 for first-time borrowers

Finnable Loan Apps

Finnable App provides instant personal loan to salaried applicants online. You can apply for a personal loan through an app without any paperwork, documents, and bank visits. The entire process is online and takes less than 2 minutes. You get the loan approval for a certain amount based on your salary. The app is available on Google Play as well as the App Store for Android and iOS users respectively.

Finnable Loan Interest Rates 

Finnable personal loan interest rate is affordable and charged on a reducing balance basis, which makes repayment much easier for the borrower. The Annual Percentage Rate or APR charges vary from person to person as Finnable considers the different products availed of by the customers and their risk profile. However, the interest rate generally ranges between 16% to 26% per annum.

Finnable Personal Loan Features

  • Loan amount: You can avail a minimum of Rs. 50,000 and maximum up to Rs. 10 Lakhs as Finnable loan amount.
  • Rate of interest: Finnable loan interest rate is charged on a reducing balance basis and range from 16% to 26% p.a.
  • Processing fees: The processing fee ranges from 3% to 4% on the principal loan amount.
  • Repayment tenure: You can repay the borrowed loan amount within a tenure of 6 months to 60 months as per your convenience and budget.
  • Prepayment: You can prepay the Finnable personal loan anytime after payment of 6 EMI. Prepayment charges of 3% to 6% charge on the remaining principal amount + 18% GST will be applicable.

Finnable Personal Loan Eligibility Criteria

  • Occupation: Finnable currently offers personal loans for salaried professionals.
  • Income: The borrower must be earning a net in-hand salary of Rs. 25,000 and above in metros. For tier 2 & other cities, the minimum net in-hand salary requirement is Rs. 15,000 and above.
  • Work experience: Applicants should have a work experience of more than 6 months.
  • Credit score: First-time borrowers must have a Finnable score of at least 650.
  • Valid documents: Applicants should have valid Aadhaar, PAN, and Address proof.
  • Cities: Finnable personal loan is currently available in 23 cities.

Documents Required for Finnable Personal Loan

Mandatory documents required for personal loan are:

  • Aadhaar Card
  • PAN Card
  • Address proof

Finnable Personal Loan Processing Fee & Charges

  • Processing fee: 3% to 4% on the principal loan amount.
  • Prepayment charges: 3% to 6% on the remaining principal amount + 18% GST.

Finnable Customer Care

You can contact Finnable loan customer care number for any queries and feedback regarding personal loan through any of the following ways: 

  • Email: makeiteasy@finnable.com
  • Address: Finnable Technologies Pvt Ltd 

CoWrks, RMZ Ecoworld, Adarsh Palm Retreat, 

Bellandur, Bangalore – 560103

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Finnable Personal Loan FAQs

Can we cancel a Finnable loan?

No, you cannot cancel a Finnable bank loan once you have availed it from the Finnable mobile app.

Is Finnable under RBI?

Yes, the Finnable credit pvt ltd app is registered under RBI (Reserve Bank of India).

What is the interest rate for a Finnable Loan?

The interest rate for Finnable finance loan varies between 16% to 26% p.a., depending on the borrower’s income and Finnable score.

How do I repay my Finnable loan?

You can repay your Finnable finnable partner loan through various modes, including Netbanking, UPI, Debit Card, and Wallet. You can opt for the Finnable partner login to the app to repay your loan. Before applying for the loan, you can calculate your EMI using Finnable personal loan EMI calculator available online.

Does Finnable check the CIBIL score?

Yes. Finnable check the borrower’s CIBIL score when they apply for the loan. The applicant must have a Finnable score of 650 or above.