Finnable Personal Loan

The following are the key details of Finnable personal loan:

Note: Finnable Credit Pvt Ltd is powered by https://www.finnable.com/, and the information mentioned here is provided by Finnable Credit Pvt Ltd.

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 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 1.3% to 2.3% per month.

• Loan amount: You can avail a minimum of Rs. 50,000 and a maximum of up to Rs. 10 Lakhs as a Finnable loan amount.
• Processing fees: The processing fee ranges from 3% to 4% of 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 EMIs. Prepayment charges of 3% to 6% charge on the remaining principal amount + 18% GST will be applicable.

• 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 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.

Mandatory documents required for a personal loan are:

• Aadhaar Card
• PAN Card
• Address proof

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

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

• Email: makeiteasy@finnable.com
• Address: Finnable Technologies Pvt Ltd
  CoWrks, RMZ Ecoworld, Adarsh Palm Retreat,
  Bellandur, Bangalore – 560103