
Here are a few factors
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
Loan Amount | ₹100,000 |
Interest % | 1 % |
Tenure (months) | 12 |
Emi (monthly) | ₹ 8,379 |
Total Interest | ₹ 542 |
Loan Amount + Interest | ₹ 100,542 |
Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
₹ 24,908 | ₹ 229 | ₹ 25,137 | ₹ 75,092 | 24.91 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
₹ 75,096 | ₹ 315 | ₹ 75,411 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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
Get Ahead with FlexSalary in Just a Few Steps!

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 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% |
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.