FlexSalary Personal Loan
Get an instant personal loan up to ₹3 Lakhs online from FlexSalary for all your personal financial needs. FlexSalary personal loan is available to salaried employees for flexible tenures up to 36 months at an attractive interest rate starting from 18.00% per annum and a processing fee of up to 4.25% plus GST. The lender levies zero penalty on full or partial prepayment of the loan before its tenure.
FlexSalary Personal Loan Details
The key details of the FlexSalary personal loan are as follows:
| Loan Amount | Up to ₹3 Lakhs |
|---|---|
| Tenure | Up to 36 months |
| Interest Rate | 18.00% - 42% p.a. |
| Processing Fee | Up to 4.25% + GST |
| Occupation | Salaried professionals |
| Disbursal TAT | 24 hours |
| Minimum Monthly Income | ₹8,000 or above |
Features & Benefits of FlexSalary Loan
- Instant online personal loan up to ₹3 Lakhs for salaried employees.
- An easy application process that involves providing your name, contact details, and PAN details to get started.
- This unsecured personal loan is accessible 24/7, allowing you to apply for the loan at any time, from anywhere, making it an ideal option for meeting emergency financial needs.
- With an instant loan app and online documentation and verification, you can have the funds in your account within 24 hours.
- These are unsecured loans, so there is no need for collateral to get approval.
- The entire process is paperless and digital with minimal documentation.
- Repay your loan in easy EMIs without any penalties or extra charges.
- You can settle your loan at any time during your tenure, with no additional charges for full or partial prepayment.
- Transparent lending system that enables you to review charges before applying for a loan.
FlexSalary Personal Loan Interest Rates & Charges
Apart from the interest rate ranging from 18.00% to 42% p.a., the following charges are associated with the FlexSalary personal loan:
- Processing fee: Up to 4.25% + GST
- Full & part prepayment charges: Nil
- Late fee: Up to ₹150 per instance
- Auto-debit failure charges: Up to ₹60 per instance
Compare FlexSalary Loan App with Other Loan Apps
Below is the comparison table for the Pocketly loan with other app-based personal loans:
| App Name | Loan Amount | Starting Interest Rate | Tenure |
|---|---|---|---|
| Flexsalary | ₹1,000 - ₹3 Lakhs | 18.00% per annum | 3 - 36 months |
| Anytime Rupee | ₹2,000 - ₹3,000 | 0.1% - 1% per day | 2 - 6 months |
| Ram Fincorp | ₹4,000 - ₹2 Lakhs | 1.50% per month | 3 - 12 months |
| Kundan Finance | ₹5,000 - ₹2 Lakhs | 1.50% per month | 3 - 12 months |
| PayMe | ₹500 - ₹5 Lakhs | 1.50% per month | 3 - 24 months |
| Kamakshi Money | ₹1,000 - ₹2 Lakhs | 1.50% per month | 1 - 3 months |
| TrueBalance | ₹5,000 - ₹2 Lakhs | 2.40% per month | 2 - 12 months |
| PayRupik Loan | ₹1,000 - ₹1 Lakhs | Up to 36% p.a. | 3 - 12 months |
| Freo | ₹3,000 - ₹5 Lakhs | 13.00% per annum | 3 - 36 months |
| Moneyview | ₹5,000 to ₹10 Lakhs | 14.00% per annum | 3 - 60 months |
FlexSalary Loan Eligibility Criteria
The FlexSalary personal loan eligibility criteria are relaxed. Anyone meeting the following criteria can apply for the loan:
- Citizenship: The applicant must be an Indian citizen.
- Age: The applicant must be at least 21 years of age.
- Occupation: The applicant must be a salaried individual.
- Income: The applicant must have a monthly income of ₹8,000 or above.
Documents Required for FlexSalary Loan
Applying for a FlexSalary personal loan is hassle-free with minimal documents mentioned below:
- PAN Card
- Selfie/photo with the applicant's face clearly visible
- KYC documents: Aadhaar/ PAN Card/ Aadhaar/ Driver's License/ Passport/ Voter ID
- Current address proof: Driving License/ Utility Bills (if current address is different from permanent address)/ Aadhaar/ Passport/ Voter ID
- Income documents: Last 3 Months Payslips, Net Banking Verification, or a bank statement for validating the applicant’s bank account and salary information
Step to Apply for FlexSalary Personal Loan Online
Follow the simple steps given below to apply for a personal loan with FlexSalary:
- Download the FlexSalary app and register using your mobile number.
- Fill in personal, contact, income, and bank details.
- Enter the added details for verification and eligibility check.
- The sanctioned loan amount will be displayed on the screen.
- Upload your identity and address proof to complete the digital KYC process.
- Get instant approval and disbursal within 24 hours.
FlexSalary Loan Customer Care Details
You may contact the FlexSalary customer care team through:
- Contact Number: +91-40-4617-5151
- Email ID: support@flexsalary.com
FAQs
The interest rate on FlexSalary Personal Loan ranges from 18.00% to 42% p.a.
FlexSalary itself is not directly RBI-approved. However, it is a product of Vivifi India Finance Private Limited, which is an RBI-registered Non-Banking Financial Company (NBFC).
Yes, FlexSalary is a product of an RBI-registered NBFC Vivifi India Finance Private Limited, making it a safe platform to avail of a personal loan.
You can get a maximum loan amount of ₹3 Lakhs from FlexSalary as a personal loan.
The minimum salary for a FlexSalary loan is ₹8,000 per month or more.
Yes, you can prepay or foreclose your FlexSalary Personal Loan without any additional charges.