Finnable

Product Overview

Finnable Personal Loan is a digital lending solution that provides instant, collateral-free loans to salaried individuals. It offers a quick online application process, fast approval, and flexible repayment options through its mobile app and partner lending ecosystem.

Eligibility Criteria

✔️ Applicant must be an Indian resident
✔️ Age: 21 to 60 years
✔️ Salaried individual (primary target segment)
✔️ Minimum monthly income: ₹15,000+
✔️ Minimum work experience: 6 months+
✔️ Good CIBIL score (700+ preferred)

Features and Benefits

✔️ Loan Amount: ₹50,000 to ₹10,00,000
✔️ Interest Rates starting from ~16% p.a. (profile-based)
✔️ Quick approval & fast disbursal (often within 24 hours)
✔️ 100% digital & paperless process
✔️ No collateral required (unsecured loan)
✔️ Flexible repayment tenure up to 60 months (5 years)
✔️ Instant eligibility check via mobile app
✔️ Designed mainly for salaried individuals

Fees & Charges

✔️ Interest Rates: ~16% – 27% p.a. (profile-based)
✔️ Processing Fee: Up to 4% of loan amount (+GST)
✔️ Tenure: 6 to 60 months
✔️ Foreclosure Charges: Applicable as per lender policy
✔️ Penal Charges: Applicable on delayed EMIs

Documents Required

✔️ PAN Card (mandatory)
✔️ Aadhaar Card (for KYC verification)
✔️ Salary Slips (last 3 months)
✔️ Bank Statements (last 6 months)
✔️ Employment details

FAQs

Q1. What is the maximum loan amount in Finnable Personal Loan?
Ans. You can get up to ₹10 lakh depending on eligibility.

Q2. What is the interest rate?
Ans. Interest rates generally start from around 16% per annum and vary based on profile.

Q3. How fast is loan disbursal?
Ans. Loans are usually disbursed within 24 hours after approval.

Q4. Is collateral required?
Ans. No, it is an unsecured loan and does not require any security.

Q5. Who can apply for this loan?
Ans. Primarily salaried individuals with stable income can apply.

Terms & Conditions

✔️ Loan is facilitated through partner NBFCs/lenders
✔️ Approval depends on credit profile and lender policies
✔️ Interest rates and charges vary based on applicant profile
✔️ Processing fees are non-refundable
✔️ Late payments may attract penalties and impact credit score