Finzy Personal Loan

Here are a few factors

Product Rating

( 4.7 /5 )

Total - 626 ratings

Location PAN INDIA
CIBIL Score 700+
Minimum Salary Per Month 35000/-Per Month Non Metro City
25000/- Metor City Per Month
Applicant Age 18 Year to 55 Year
Loan Amount & Tenure 1 Lac to 10 Lac
(6 Month to 36 Month)
Rate of Interest (Type) 10.99% to 18.99% (Reducing)
Processing Fees 2% - 5%
Processing Mode & TAT Processing: Online
TAT: 1 Day to 3 Days
Foreclosure Charges Zero After 1 Month
Part Payment Allowed NIL Charge After 3 Month
OD Product No
BT+TopUp No
Minimum Job Experience 3 month
Employer Business Vintage 3 Month Salary credit in ac
FOIR 65% of Net Salary
Whether Co-Applicant Mandatory No
USP 1. Zero Foreclosure
2. Instant Funding
Negative Profile 1. Employee whose Salary receive in Cash, UPI & IMPS 3. NGO Employee, 4th Grade Employee, Defence Employee,
Police, Mall Employee, SPA & Saloon, Gym Employee, Bar Tender, Taxi Driver

Finzy Personal Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %11 %
Tenure (months)12
Emi (monthly)8,838
Total Interest6,058
Loan Amount + Interest106,058
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
23,9822,53226,51476,01823.98 %
Oct7,9219178,83892,0797.92 %
Nov7,9948448,83884,08515.92 %
Dec8,0677718,83876,01823.98 %
76,0153,52779,5423100.00 %
Jan8,1416978,83867,87732.12 %
Feb8,2166228,83859,66140.34 %
Mar8,2915478,83851,37048.63 %
Apr8,3674718,83843,00357.00 %
May8,4443948,83834,55965.44 %
Jun8,5213178,83826,03873.96 %
Jul8,5992398,83817,43982.56 %
Aug8,6781608,8388,76191.24 %
Sep8,758808,8383100.00 %
Right Document : Easy Process

Required Documents to Apply for Finzy Personal Loan

  • KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
  • Last 3 month Salary Slip
  • Last 6 month Bank Statement in PDF
  • Form 16 of last 2 year
  • Rent Agreement if rented or Utility Bill if residence is owned
  • Sanction Letter of all current running loan if any
  • Office ID Card or Official EMAIL ID if any

Benefits of Finzy Personal Loan

  • Safe Digitised Process
  • Instant Eligibility Check Too
  • No-Lock in Period
  • No Foreclosure Charges
  • Automated EMI Collection
  • 48 hrs Loan Funding

Finzy Customer Care

About Finzy Personal Loan

Looking for a personal loan, especially online to save time? Finzy is the right place. Finzy Personal Loan, a non-banking financial company registered with the RBI, offers loans to eligible salaried professionals and self-employed business owners through peer-to-peer lending. Here, select borrowers are digitally connected with investors for their financial requirements. It is easy and convenient to apply for a loan with Finzy as you can upload all supporting documents online without the need for the physical submission of documents.

Finzy is a finance company, which focuses on extending loans to salaried professionals and self-employed business owners. If you are looking to avail of hassle-free financing, Finzy is the one-stop destination providing you with the best interest rates and repayment schemes. You can apply for a loan online irrespective of your repayment capacity and employment status.

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Let us take an example, How EMI is being calculated

For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee 1% - 5% of the disbursed amount + GST of loan amount may apply. T&C apply.
Year Principal
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%
Leave Your Question


Yes, you can easily prepay your Finzy personal loan amount, and that too, without any hidden charges.

You can apply for a personal loan amount as high as Rs. 10 Lakhs with Finzy.

Interest rates vary depending on your individual credit history. Our proprietary and scientific Finzy Credit Algorithm helps us determine whether you are a good candidate for a loan based on that history.

Finzy offers collateral-free loans. If you default on your payments, they'll have the right to initiate criminal proceedings for fraud and theft—please read all loan documents carefully before signing.

Yes, you certainly can borrow from Finzy even if you are a salaried or self-employed individual.

Finzy uses its proprietary and scientific Finzy Credit Algorithm to assess borrowers on a wide range of parameters, including demographic information, income and employment details, savings and investment patterns, leverage ratios, past repayment track record, and analysis of utilization of credit lines. Additionally, the algorithm also considers social media activity and conducts field verification and database checks.

Once a borrower has passed through the credit assessment process, Finzy will out-call and communicate the loan offer to the customer, followed by a sanction letter sent to the registered email address. The sanction letter will contain complete information on the loan amount, approximate monthly EMI, processing fees, and GST charges. If the loan offer is accepted, the loan will be listed on the Finzy platform.

Finzy does not charge any registration fees. A loan processing fee is charged at the time of disbursal of your loan, which is a percentage of the amount disbursed and may vary based on your Finzy Rating. GST of 18% is additionally levied on the processing fee.

Finzy is a leading online platform in India that provides personal loans to eligible individuals. To qualify for a loan through Finzy, you need to be an Indian national with valid identity and address proof, be at least 18 years old, and have a minimum take-home salary of Rs 35,000 per month or an annual business income of at least Rs 5 lakhs. If you meet these criteria, you can easily apply for a loan through the Finzy website.

The process of getting a loan through Finzy is quick and hassle-free. You can apply for a loan in just three simple steps. Firstly, you need to submit your loan application through the Finzy website. The application process takes only a few minutes, and you need to provide some basic information and upload supporting documents like your PAN card, proof of address, recent photograph, and income documents. Secondly, the Finzy team will review your application and provide you with a loan decision within one business day, subject to all documents being in order. If your loan is approved, you'll be informed of the loan amount and interest rate. Lastly, your requirement would be listed on the Finzy platform and made available to approved investors, who will fund your loan in a matter of minutes to a few hours. Once your loan is fully funded, the loan documents will be signed and the funds will be transferred to your bank account.

To apply for a loan through Finzy, you need to provide some essential documents, and the requirements vary depending on your employment status. If you're a salaried individual, you'll need to provide your PAN card, proof of your current address, three months' salary slips, three months' bank statements, previous year's ITR/Form 16, and a recent photograph. If you're self-employed, you'll need to provide your PAN card, proof of your current address, six months' bank statements, previous two years' ITR, a recent photograph, and your six months' current account statement (if your savings account does not contain income details). Additionally, you need to provide government-provided business proof if you're submitting a current account statement. It's essential to ensure that all your documents are accurate, up-to-date, and complete to increase your chances of loan approval.

Finzy accepts various types of documents as your current address proof, such as Masked e-Aadhaar, driving license, passport, voter ID, electricity bill (issued within the last 3 months), LPG bill (issued within the last 3 months), and BSNL/MTNL landline bill (issued within the last 3 months).

No, Finzy only requires soft/digital copies of your documents at the time of registration, and physical copies will not be accepted. This helps to ensure a fast turnaround time in funding your loan requirement.

 Finzy offers loans ranging from ₹1,00,000 to ₹10,00,000 for tenures of 6, 12, 24, or 36 months. The interest rate you'll pay on your loan is determined by your credit rating, which is assessed using Finzy's proprietary and scientific Finzy Credit Algorithm. The interest rates at Finzy start at 10.99% and go up to 18.99%.

 Finzy offers a default tenure of 36 months, which can be adjusted to reduce your monthly EMI and provide you with more flexibility in managing your monthly cash flow. However, you may also choose a tenure of 6, 12, or 24 months depending on your credit assessment. You also have the flexibility to prepay your loan partly or fully without incurring any early prepayment penalty, except between the 1st and 10th of the month. If you applied for a loan through Finzy's partners, you might be eligible to get a loan at a non-standard tenure.

A credit score is a number that represents a person's likelihood of repaying a loan based on their past loan repayment history. The score typically ranges from 300 to 900, with a score of 700 or higher considered good. People with a good credit score are more likely to be approved for loans and may also receive better interest rates. Conversely, a low credit score may result from late credit card payments or missed loan payments, and could lead to harsher loan terms and higher interest rates.

Yes, we do check credit history as part of our lending policy. However, at Finzy, we use a credit algorithm that takes into account your historical repayment track record, rather than just your credit score. We also consider other factors when assigning a credit score to your application, in order to offer loans to both served and under-served customers.

No, at Finzy we conduct a soft check that does not affect your credit score.

While there are several credit bureaus that evaluate credit-worthiness, we at Finzy use the Equifax report to analyze your credit history. CIBIL (TransUnion CIBIL) is just one of the credit bureaus that provides a credit score.

The finzy Rating is a score assigned to each borrower based on a proprietary credit algorithm that takes into account various factors, including income, existing debts, past loan repayment track record, and other related parameters. This score ranges from A1 to C6, with A1 being the most creditworthy and C6 being the riskiest credit rating. Each rating is linked to an interest rate that will be charged to the borrower for their loan.

No, your personal information such as your contact details, address, or photograph will not be revealed to investors during the listing stage. However, we are required by the Reserve Bank of India to share your name and certain demographic information with investors at this stage.

Your loan is funded by registered investors, with a minimum of five investors required to invest in your loan. finzy takes care of all the documentation, collection, and coordination activities. We remain your point of contact for any requirement related to your loan.

Interest on your loan is calculated on a reducing balance basis, meaning that it is applied only to the outstanding amount of the loan.

Your EMI payment will be collected electronically from your bank account every month. You only need to ensure that you have adequate funds in your account for the payment to be made.

No, the EMI date is fixed for your Finzy personal loan and the payment will be debited from your bank account on the 5th of every month.

If you miss an EMI payment or there is a delay in making the payment, it will impact your creditworthiness and your capacity to borrow in the future. In addition, we will levy a penal interest rate and delayed payment charges. The charges will vary based on the outstanding principal amount and the number of days of delay, and will include both a finzy fee component and a penal fee component.

 If you default on your Finzy personal loan payment, bank-recognized collection agencies will contact you for the outstanding principal, interest, and penal charges. Additionally, you may face legal action, and your details may be reported to credit information companies and various defaulter databases.

 Yes, you can repay your Finzy personal loan early without any penalty. You can either foreclose the loan by repaying the entire outstanding amount or reduce the EMI by prepaying a part of the outstanding amount. Prepayments can be made in multiples of Rs. 1,000/- with a minimum of Rs. 5,000/-. To prepay your loan, please send an email to [email protected]. Please note that prepayment can be made on any day of the month except between 1st and 10th of the month.

 It takes about 24 working hours for Finzy's credit assessment team to evaluate the borrower and provide a decision on the loan amount and rate of interest after a borrower registers and uploads the required documents. Once the borrower accepts the offer, the loan is listed on the platform and invested by multiple verified investors.

 Once the loan is filled by investors, a Finzy representative will visit you to complete the documentation process. You will need to sign a tripartite Loan Agreement form, Demand Promisory Note, NACH Mandate, and provide 3 undated cheques in the name of Bridge Fintech Solutions Pvt Ltd. After receiving these documents, the loan will be disbursed from the Lender Escrow account to your savings account. The processing fees and GST charges will be deducted from the disbursed amount.

 Before the disbursement of your Finzy personal loan, you will need to sign a Loan Agreement, 3 post-dated cheques, a Demand Promissory Note, and a National Automated Clearing House (NACH) registration mandate.

To ensure timely payment and recovery of outstanding and overdue loan amounts, Finzy may require post-dated cheques from borrowers. These cheques are made out to Bridge Fintech Solutions Private Limited, the parent company of Finzy, and are only used if electronic EMI mandates are not set up properly. Finzy assures borrowers that their cheques will be handled responsibly and not misused.

To transfer or cancel your NACH mandate, you can reach out to Finzy's customer support team through their email address [email protected] or by calling 9341 300 300.

Finzy's Multiple loans feature is exclusively available to customers who have a good track record of borrowing from Finzy. This feature allows customers to access loans from Finzy multiple times while keeping the terms of their current loan unchanged.

The benefits of Finzy's Multiple loans feature include flexibility, easy access to faster loan processing, better loan terms based on the customer's track record, and a 100% digital documentation process.

Finzy's Multiple loans feature is exclusively available to privileged customers who have paid their EMIs on time, prepaid and closed their loans, completed their loan tenure, or had a loan sanctioned in the past but chose not to avail it.

The terms of a new Finzy loan depend on the customer's track record with Finzy, their current income and leverage status, and their track record with other financial institutions. Finzy strives to keep the terms of the new loan either at par with or better than the old/current loan.

No, you will not need to submit all your documents again. Finzy already has some of your information in their records, but they may ask you to revalidate some of this information and resubmit your address proof and income documents.

At present, the cumulative loan amount from Finzy (including your existing loan) is limited to Rs 5 lacs, but they intend to increase this limit to Rs 10 lacs, which is the regulatory limit from RBI.

Finzy offers collateral-free loans, but in the event of continued default, the documents collected serve as security to initiate criminal proceedings under the Indian legal system.

Finzy reserves the right to decline a loan application due to insufficient creditworthiness, incomplete documentation, unsuccessful document verification, or submission of incorrect information deliberately to cheat the Finzy systems and processes.

Yes, a borrower can also register as an investor in Finzy, regardless of their loan application status. However, they are not allowed to invest in their own loan.

Bridge Fintech Solutions Private Limited owns and operates Finzy's website domain name and brand name. It is a private limited company incorporated under the Companies Act, 2013, with its registered office in Mumbai, India.