FlexSalary Personal Loan

Here are a few factors

Product Rating

( 4.4 /5 )

Total - 208 ratings

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Location PAN INDIA
CIBIL Score 550+
Minimum Salary Per Month 8000/-Per Month
Salary Mode NEFT,RTGS,COMPANY TRANSFER,IMPS,CHEQUE & UPI
Applicant Age 18 Year to 60 Year
Loan Amount & Tenure 4000 to 2 Lac
(6 Month to 60 Month)
Rate of Interest (Type) 1.5% to 3% (Fixed)
Processing Fees 300 - 750 (Including GST) One Time
Processing Mode & TAT Processing: Online
TAT: 5 Min to 48 Hour
Foreclosure Charges NIL Charges
Part Payment Allowed No
OD Product No
BT+TopUp No
Minimum Job Experience Not Required
Current Employer Business Vintage Not Required
FOIR 60% of Net Salary
Whether Co-Applicant Mandatory No
USP 1. Funding to All Profile
2. Salary Slip not required
Negative Profile 1. NRI Employee
2. Cash Salary

FlexSalary Personal Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate

%

Loan Tenure

Mo
Loan Amount100,000
Interest %1 %
Tenure (months)12
Emi (monthly)8,379
Total Interest542
Loan Amount + Interest100,542
YearTotal Principal
( A )
Total Interest
( B )
Balance
( A + B)
Total Payment Loan Paid Till Date (%)
24,90822925,13775,09224.91 %
Oct8,296838,37991,7048.30 %
Nov8,303768,37983,40116.60 %
Dec8,309708,37975,09224.91 %
75,09631575,4110100.00 %
Jan8,316638,37966,77633.22 %
Feb8,323568,37958,45341.55 %
Mar8,330498,37950,12349.88 %
Apr8,337428,37941,78658.21 %
May8,344358,37933,44266.56 %
Jun8,351288,37925,09174.91 %
Jul8,358218,37916,73383.27 %
Aug8,365148,3798,36891.63 %
Sep8,37278,3790100.00 %
Right Document : Easy Process

Required Documents to Apply for FlexSalary 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

Note : Only salaried employees including employees of Pvt. Ltd., Gov., proprietorship/ partnership/ LLP firms; those not registered/ opted out from EPFO are eligible.

About FlexSalary Personal Loan

The FlexSalary Personal Loan application process is entirely online and requires only the bare minimum of documentation and paperwork.

The processing and the acceptance of loans are done with transparency. After the loan gets approved, get the funds you need within 24 hours. Prepayment with no fees associated with pre-closure or foreclosure Only the sum of money that was utilized is subject to interest.

FlexSalary Customer Care

Contact No. :- +91-40-4617-5151

Email :- [email protected] | [email protected] | [email protected]

Unit A, 9th Floor, MJR Magnifique, 
Survey No 75 & 76, 
Khajaguda X Roads, Raidurgam, 
Hyderabad, Telangana - 500008
01
Visit Our Website

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

02
Select and Apply

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

03
Submit Your Document

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

04
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 ranging from Rs.300 - Rs.750 (including GST) - one-time pre-payment , NO forclosure charges 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%
Leave Your Question

FREQUENTLY ASKED QUESTIONS

FlexSalary Personal Loan has a Maximum ROI of 36% per year.

No, there are no hidden charges for FlexSalary personal loans. They are entirely transparent with the clients.

You can repay your FlexSalary personal loan through EMI (Equated Monthly Installments). However, you can opt for a minimum payment if you need more funds to pay for your monthly EMI.

FlexSalary looks at your credit score to determine whether you're creditworthy. A 550+ score is generally considered good, but we may also consider other factors if your score is low.

The minimum and maximum amount for which you can apply at Flex Salary is from Rs. 4,000 - Rs. 2,00,000.

 FlexSalary's APR ranges from 18% to 54%.

 FlexSalary's tenure ranges from 10 months to 36 months.

 Yes, there is a one-time processing fee for FlexSalary, which ranges from Rs.300 to Rs.750 (including GST) and will be applicable only at the time of first withdrawal.

 No, there is no late fee for FlexSalary.

 No, there are no bounce cheque fees for FlexSalary.

 No, there is no pre-payment penalty for FlexSalary.

 


 Yes, FlexSalary is a branded loan product of Vivifi India Finance Private Limited, which is a non-banking finance company (NBFC) registered with the RBI.

 Yes, FlexSalary is a legitimate company in India. It operates within the law and has a CIN (U65923TG2016PTC110767) and RBI Certificate of Registration.

FlexSalary offers personal loans up to Rs. 2 Lakhs with an interest rate of 36%.

 All Indian nationals with a minimum age of 18 years who have a working bank account, a valid ID proof, and a minimum net monthly income of Rs. 8,000, with at least 3 months of work experience, are eligible for a FlexSalary loan.

 Yes, FlexPay is a safe and secure application from Vivifi India Finance that provides access to lines of credit for both salaried and non-salaried people.

The credit limit for FlexSalary loans ranges from INR 4,000 to INR 2,00,000.

 You can repay your FlexSalary loan by making an EMI payment through Paytm. The process is quick and easy and you can even save money with the promo code LUCKY200.

 Anil Pinapala is the founder and CEO of Vivifi India Finance Private Limited, the parent company of FlexSalary.

 The verification process for FlexSalary loans is completed within a few minutes through an algorithm that checks if the customer has received their salary on payday.

 To withdraw from a Flexi loan, you can log in to CIMB Clicks, go to Loan Account Summary, and select "Loan Redraw." The customer can withdraw any amount from the designated loan account to the affiliate account, with a minimum of Rs. 1,000 and a maximum of the available redraw limit.

 A Flex loan may negatively impact your credit score if it is not managed responsibly. Late or missed payments can have a harmful effect on your credit score, just like with other types of debt, including personal loans.

 The terms ‘flexi personal loan’ and ‘personal line of credit’ are often used interchangeably to refer to the same type of loan. However, in some cases, a personal line of credit might have an additional benefit such as an interest-free period, which may not be available with a flexi personal loan. Essentially, they are two different names for the same type of loan that offers you the flexibility to withdraw money when you need it.

 A flexi loan is designed to be flexible, which means you can use the money for any personal financial need that you may have. You are not restricted to using the loan for a specific purpose.

 The interest rate for a flexi loan will vary depending on the lender and your individual financial situation. Factors such as your credit score, income, type of employment, and existing debts will all be taken into consideration when determining the interest rate. On average, however, flexi loans are offered at lower or similar interest rates compared to regular personal loans.

 The interest on a flexi personal loan is typically calculated on a daily basis based on the amount you have used. So, instead of paying interest on the entire loan amount, you will only pay interest on the money that you have actually borrowed. This is what makes a flexi loan unique compared to a traditional personal loan.

You can repay your flexi loan by making regular monthly installments, known as EMIs. You can choose to repay only the interest on the loan in the initial years of your loan tenure, and then repay the principle amount later. Additionally, you may have the option to make prepayments on your loan without incurring any prepayment penalties.

No, there is no limit on the number of times you can withdraw money from your flexi loan account or make repayments. However, you must ensure that you do not exceed the credit limit that has been set by your lender.

 No, not all banks and financial institutions in India offer flexi personal loans. Some of the top providers of flexi loans in India include Bajaj Finserv, ICICI Bank, and MoneyTap. Each provider may offer a slightly different version of the loan, but the basic idea remains the same – a flexible loan that allows you to withdraw money when you need it

A Flexi Loan, also known as a Flexi Personal Loan, is a type of personal loan that gives the borrower access to a set credit limit. The interest is only charged on the amount used by the borrower, not on the total amount approved by the lender. Borrowers can repay the principal amount at their convenience, but they must pay the interest regularly according to the lender's terms and conditions.

 Flexi Personal Loans are best for people who want a personal loan with a flexible repayment schedule. The main features and benefits of a Flexi Personal Loan include easy access to funds, flexible repayment, the ability to make multiple withdrawals, a lower interest component, and no requirement for collateral or security. For example, if a borrower has a loan of Rs. 10 Lakhs but only takes out Rs. 5 Lakhs, they will only pay interest on the withdrawn amount until repayment. This helps to reduce the overall interest cost.

PAN Card, Voter ID Card, Aadhaar Card, Passport, or Driving License can be used as identity proof while applying for a flexi personal loan.

 For salaried individuals, salary slips, bank account statement, or Form 16 are required as income proof. For self-employed individuals and professionals, bank account statement, P&L statement and balance sheet, or ITR of previous years are required. Business proof such as a certificate of practice, MOA & AOA, GST registration and filing documents, partnership deed, or shop act license may also be required for self-employed individuals and professionals.

Flexi personal loans provide the flexibility to withdraw funds as needed and only pay interest on the amount withdrawn. This helps with unexpected or unplanned expenses.

A personal loan is a term loan with a fixed interest rate and a predetermined repayment schedule, while a Flexi loan allows for flexible withdrawals from the approved loan limit.