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Finzy Personal Loan

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Mode of Process Online
Location PAN India
Loan Amount Rs. 50,000 to Rs. 5 Lakhs
Repayment Tenure 6 - 36 months
Approval and Disbursement 48 hours
ROI 7.99% - 18.99% per annum
Processing Fees 1% - 5% of the disbursed amount + GST
Foreclosure Allowance Yes
Prepayment Penalty No charges
USP Customers with a solid borrowing track record on finzy can access loans from finzy multiple times without having to reapply and provide new information. Visual Dashboard to track your transactions

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.

If you are planning to apply for a personal loan at Finzy there are certain details that you should be aware of, Let’s discuss:

Mode of Process Online
Location PAN India
Loan Amount Rs. 50,000 to Rs. 5 Lakhs
Repayment Tenure 6 - 36 months
Approval and Disbursement 48 hours
ROI 7.99% - 18.99% per annum
Processing Fees 1% - 5% of the disbursed amount + GST
Foreclosure Allowance Yes
Prepayment Penalty No charges
USP Customers with a solid borrowing track record on finzy can access loans from finzy multiple times without having to reapply and provide new information. Visual Dashboard to track your transactions

Documents Required

  • Copy of Aadhar and PAN card
  • Latest Salary slip of 3 months
  • Latest Bank statements of 3 months
  • Income tax returns for the previous financial year ( for self-employed)
  • Form 16 or income tax returns for the previous financial year ( for salaried applicant)
  • Latest Photographs

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

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
(A)
Interest
(B)
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%

FREQUENTLY ASKED QUESTIONS

Have a question? We've got answers!

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. 5 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.

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