
Here are a few factors
Location | PAN INDIA |
CIBIL Score | 700+ |
Minimum Salary Per Month | 35000/-Per
Month Non Metro City 25000/- Metor City Per Month |
Salary Mode | NEFT,RTGS & COMPANY TRANSFER |
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 Amount | ₹100,000 |
Interest % | 11 % |
Tenure (months) | 12 |
Emi (monthly) | ₹ 8,838 |
Total Interest | ₹ 6,058 |
Loan Amount + Interest | ₹ 106,058 |
Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
₹ 23,982 | ₹ 2,532 | ₹ 26,514 | ₹ 76,018 | 23.98 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
₹ 76,015 | ₹ 3,527 | ₹ 79,542 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Required Documents to Apply for Finzy Personal Loan
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KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
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Last 3 month Salary Slip
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Last 6 month Bank Statement in PDF
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Form 16 of last 2 year
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Rent Agreement if rented or Utility Bill if residence is owned
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Sanction Letter of all current running loan if any
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Office ID Card or Official EMAIL ID if any
Benefits of Finzy Personal Loan
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Safe Digitised Process
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Instant Eligibility Check Too
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No-Lock in Period
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No Foreclosure Charges
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Automated EMI Collection
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48 hrs Loan Funding
Finzy Customer Care
Contact No. :- 9341 300 300 | 9513 330 562
Email :- [email protected] |
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.
Get One Step Ahead Towards Your Goal with Finzy Personal Loan
If you are planning to apply for a personal loan at Finzy, all you need is to follow a few steps through ReferLoan

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 (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
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.