Fundo Baba Loan
FundoBaba offers instant personal loans of ₹5,000 to ₹1 Lakh to salaried individuals with a regular income source. It offers a flexible tenure of 61 to 365 days, with repayment through EMIs, at an Annual percentage rate (APR) of 15% to 35% and a processing fee of 10% of the loan amount + GST.
FundoBaba Personal Loan Details
Below are the key details of the Fundo Baba loan:
| Loan Amount | ₹5,000 - ₹1 Lakh |
|---|---|
| Loan Tenure | 61 - 365 days |
| APR | 15% - 35% |
| Prepayment Charges | Nil |
| Processing Fee | 10% of loan amount + GST |
Features & Benefits of Fundo Baba Loan
The main features and benefits of the Fundo Baba loan are mentioned below:
- Loan amount of anywhere between ₹5,000 and ₹1,00,000 for salaried individuals.
- People with low credit scores can also apply.
- Apply anytime, anywhere with a 100% digital process, from application to disbursal.
- Loans available in 5 minutes through the website. No need to download the app.
- Flexible tenure of 61 to 365 days.
- Zero prepayment and pre-closure charges.
Fundo Baba Loan Interest Rates & Charges
Fundo Baba salaried loan involves the following interest rates and charges:
- Annual percentage rate (APR): 15% to 35%.
- Processing fee: 10% of the loan amount + GST.
- Prepayment charges: Nil.
- Pre-closure charges: Nil.
Compare FundoBaba Loan App with Other Loan Apps
Below is the comparison table for the FundoBaba loan app with other loan apps:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| FundoBaba | 15% - 35% APR | ₹5,000 - ₹1 Lakh | 61 - 365 days |
| Paisa Daily | 1.00% per day | ₹1,000 - ₹50,000 | 30 days |
| Snap Paisa | 1.25% - 2.92% p.m. | ₹5,000 - ₹1 Lakh | 61 to 365 Days |
| Salary Adda | 0.9% p.m. onwards | ₹10,000 - ₹1 Lakh | 91 to 365 Days |
| Jet Fund | Up to 3% p.m. | ₹5,000 - ₹1 Lakh | 91 to 365 Days |
| Dhan Pocket | 0.50% per day onwards | ₹5,000 - ₹1 Lakh | 7 Days to 3 Months |
| CreditSea | 14.00% p.a. onwards | ₹10,000 - ₹2 Lakhs | 3 to 36 Months |
| SalaryOnTime | 0.25% per day onwards | ₹10,000 - ₹1,20,000 | Up to 12 Months |
| Zype | 18.00% p.a. onwards | ₹3,000 - ₹5 Lakhs | 6 to 36 Months |
| Loanwalle | 2.91% p.m. onwards | ₹10,000 - ₹3 Lakh | 12 to 36 Months |
Fundo Baba Loan Eligibility Criteria
Below are the eligibility criteria for the Fundo Baba loan:
- Applicants must be a salaried individual with a regular income source.
- Applicants must be between 21 and 50 years old
- Applicants must be earning ₹40,000 per month or more.
- Applicants must have worked for at least 3 months with their current employer.
- Applicants must receive their salary through bank transfer (NEFT/RTGS/Bank Transfer only).
Documents Required for Fundo Baba Loan
The following documents are required to apply for a Fundo Baba loan:
| Bank Statement | Last 3 months’ bank statements for salaried applicants to demonstrate income stability and repayment capacity. |
|---|---|
| PAN Card | Required for identity and digital verification. |
| Aadhaar Card | Required for identity verification. |
Steps to Apply for FundoBaba Loan Online
Follow the steps given below to apply for a FundoBaba loan online:
- Sign up and fill in details like your mobile, Aadhaar, and PAN numbers.
- Submit the soft copy of your last 3 months’ bank statement.
- Get instantly approved baes on the details submitted. Instantly
- Get money in your bank account on approval.
Fundo Baba Customer Care Details
For any loan-related help, contact FundoBaba using the details below.
- Fundo Baba Customer Care Number: +91 8882400700
- Fundo Baba Email Support: support@fundobaba.com
FAQs
FundoBaba Loan involves an Annual Percentage Rate (APR) ranging from 15% to 35% p.a.
FundoBaba issues loans in partnership with U.Y. Fincorp Ltd., which is an RBI-registered NBFC.
Fundo Baba is a genuine loan provider.
The Fundobaba loan can be repaid through EMIs by setting up the auto-payment system.
Yes, Fundo Loans has its official mobile apps on both Android and iOS.
You can get anywhere between ₹5,000 and ₹1 Lakh from Fundo Baba Loan.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
Director- MyMoneyMantra FinTech| A senior retail and commercial banking professional, adept at handling Business Development, Sales Planning & Growth, Product Strategy, Marketing Operations and Client advisory services phygitally.