Here are a few factors

Rating 4.4 /
Total - 500 ratings
5
302
4
145
3
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17
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Location PAN INDIA
CIBIL Score 650+
Minimum Salary Per Month 20000+
Salary Mode NEFT,RTGS,COMPANY TRANSFER
Applicant Age 21 Year to 55 Year
Loan Amount & Tenure 25000 to 5 Lac
(6 Month to 36 Month)
Rate of Interest (Type) 18% to 32% (Reducing)
Processing Fees 2% of loan amount
Processing Mode & TAT Processing: Online
TAT: 5 Min to 48 Hour
Foreclosure Charges 1%- 5%
Part Payment Allowed No 
OD Product No 
BT+TopUp No 
Minimum Job Experience 3 month
Current Employer Business Vintage 3 Month Salary credit in ac
FOIR 75% of Net Salary
Whether Co-Applicant Mandatory No
USP No Negative Profile
Negative Profile 1. NRI Employee
2. Cash Salary/IMPS Salary
Right Document : Easy Process

Required Documents to Apply for Upward Fintech 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

About Upward fintech Personal Loan

Getting a loan approved from a bank is an ordeal that can seem to last forever. Meetings, queries, and endless paperwork are just some of the things you have to go through to get sanctioned for a loan. That's why Upward has brought in technology to change the way you borrow money. By using our app, you can now get your loan at your fingertips. Our finances are designed for personal use such as home renovation, holiday expenses, home furnishing, wedding, etc. Notably, Upward offer all individual applicants flexible repayment terms at zero collateral. No need to visit hundreds of personal loan websites when Upward can get the job done for you.

Upward Fintech is an RBI registered Non-Banking Financial Company that offers loans to individuals at attractive interest rates. Their application process is simple and convenient. Upward Fintech, offer a hassle-free loan application process. They have a low documentation process, this means Upward doesn't ask for any physical documents from our applicants except the KYC documents. Your loan will be processed within minutes. Before moving ahead let’s discuss some of the general details which you should certainly know about before starting.

Along with the Cibil score and other financial histories Upward also depends on the methods of FOIR to calculate the amount of loan you are eligible to get along with the EMI slots that you will be given to repay. Now you must be wondering what is this FOIR thing. Let’s explain it to you better.

  • With so many microfinance institutions (MFIs) and non-banking finance companies (NBFCs) offering loans to the general public in India, it has become more important than ever before for a lender to determine whether an individual can repay a loan.
  • FOIR stands for Fixed Obligations to Income Ratio, which is a derivation of the ratio of a consumer's yearly fixed obligations and his/her income. It is generally used as a parameter by banks to find out the eligibility of an individual for a loan and also indicates how much money that particular individual can borrow.
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 3 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 2 years or 24 Months , in such a case his EMI would be INR 14,546 and complete repayment amount till the end of 2 years tenure would be INR 3,49,104 (i.e 14,546 EMI * 24 months), wherein the total interest amount is INR 49,104 along with principal repayment of INR 3,00,000. Few additional charges like those of minimal one-time processing fee ranging from 2% of loan amount, T& C apply.
Month Principal Outstanding Interest Total Payment Payment towards Principal Loan Paid Till Date Balance Principal
1 3,00,000.00 3,750.00 10,400.00 ₹ 6,650.00 ₹ 6,650.00 ₹ 2,93,350.00
2 2,93,350.00 3,667.00 10,400.00 ₹6,733.00 ₹13,383.00 ₹ 2,86,617.00
3 2,86,617.00 3,583.00 10,400.00 ₹ 6,817.00 ₹ 20,200.00 ₹ 2,79,800.00
4 2,79,800.00 3,498.00 10,400.00 ₹ 6,902.00 ₹ 27,102.00 ₹ 2,72,898.00
5 2,72,898.00 3,411.00 10,400.00 ₹ 6,989.00 ₹ 34,091.00 ₹ 2,65,909.00
6 2,65,909.00 3,324.00 10,400.00 ₹ 7,076.00 ₹ 41,167.00 ₹ 2,58,833.00
7 2,58,833.00 3,235.00 10,400.00 ₹ 7,165.00 ₹ 48,332.00 ₹ 2,51,668.00
8 2,51,668.00 3,146.00 10,400.00 ₹ 7,254.00 ₹ 55,586.00 ₹2,44,414.00
9 2,44,414.00 3,055.00 10,400.00 ₹7,345.00 ₹ 62,931.00 ₹ 2,37,069.00
10 2,37,069.00 2,963.00 10,400.00 ₹ 7,437.00 ₹ 70,368.00 ₹ 2,29,632.00
11 2,29,632.00 2,870.00 10,400.00 ₹ 7,530.00 ₹ 77,898.00 ₹ 2,22,102.00
12 2,22,102.00 2,776.00 10,400.00 ₹ 7,624.00 ₹85,522.00 ₹ 2,14,478.00
13 2,14,478.00 2,681.00 10,400.00 ₹7,719.00 ₹93,241.00 ₹ 2,06,759.00
14 2,06,759.00 2,584.00 10,400.00 ₹7,816.00 ₹ 1,01,057.00 ₹ 1,98,943.00
15 1,98,943.00 2,487.00 10,400.00 ₹ 7,913.00 ₹ 1,08,970.00 ₹ 1,91,030.00
16 1,91,030.00 2,388.00 10,400.00 ₹ 8,012.00 ₹ 1,16,982.00 ₹ 1,83,018.00
17 1,83,018.00 2,288.00 10,400.00 ₹ 8,112.00 ₹ 1,25,094.00 ₹ 1,74,906.00
18 1,74,906.00 2,186.00 10,400.00 ₹ 8,214.00 ₹ 1,33,308.00 ₹ 1,66,692.00
19 1,66,692.00 2,084.00 10,400.00 ₹ 8,316.00 ₹ 1,41,624.00 ₹ 1,58,376.00
20 1,58,376.00 1,980.00 10,400.00 ₹ 8,420.00 ₹1,50,044.00 ₹ 1,49,956.00
21 1,49,956.00 1,874.00 10,400.00 ₹ 8,526.00 ₹ 1,58,570.00 ₹1,41,430.00
22 1,41,430.00 1,768.00 10,400.00 ₹ 8,632.00 ₹ 1,67,202.00 ₹ 1,32,798.00
23 1,32,798.00 1,660.00 10,400.00 ₹ 8,740.00 ₹ 1,75,942.00 ₹ 1,24,058.00
24 1,24,058.00 1,551.00 10,400.00 ₹8,849.00 ₹ 1,84,791.00 ₹ 1,15,209.00
25 1,15,209.00 1,440.00 10,400.00 ₹ 8,960.00 ₹ 1,93,751.00 ₹1,06,249.00
26 1,06,249.00 1,328.00 10,400.00 ₹9,072.00 ₹ 2,02,823.00 ₹ 97,177.00
27 97,177.00 1,215.00 10,400.00 ₹ 9,185.00 ₹ 2,12,008.00 ₹ 87,992.00
28 87,992.00 1,100.00 10,400.00 ₹ 9,300.00 ₹ 2,21,308.00 ₹78,692.00
29 78,692.00 984.00 10,400.00 ₹ 9,416.00 ₹ 2,30,724.00 ₹ 69,276.00
30 69,276.00 866.00 10,400.00 ₹ 9,534.00 ₹2,40,258.00 ₹59,742.00
31 59,742.00 747.00 10,400.00 ₹ 9,653.00 ₹ 2,49,911.00 ₹ 50,089.00
32 50,089.00 626.00 10,400.00 ₹ 9,774.00 ₹ 2,59,685.00 ₹ 40,315.00
33 40,315.00 504.00 10,400.00 ₹ 9,896.00 ₹ 2,69,581.00 ₹ 30,419.00
34 30,419.00 380.00 10,400.00 ₹ 10,020.00 ₹ 2,79,601.00 ₹ 20,399.00
35 20,399.00 255.00 10,400.00 ₹ 10,145.00 ₹ 2,89,746.00 ₹ 10,254.00
36 10,254.00 146.00 10,400.00 ₹ 10,254.00 ₹ 3,00,000.00 -

Features of Upward Fintech Personal Loan

There are several facts that make Upward Fintech the right choice for your Personal Loan needs. Let’s discuss a few of them:

Affordable Interest Rates

Flexible Payment Tenures

Safe & Trustworthy

Superfast Processing

Minimal Documentation

Zero Collateral

What is the FOIR structure that Upward follows

Maximum FOIR including Upwards EMI

  • 20k to 25k Salary: 50%
  • 25k to 30k Salary: 60%
  • 30k to 40k Salary: 65%
  • 40k to 50K Salary: 70%
  • 50k Salary: 75%

Customer Care Details

You can reach out to Upward India, if you have any queries or require assistance.

Contact No. :- 1800 103 6001

Email :- [email protected]

Leave Your Question

FREQUENTLY ASKED QUESTIONS

The ROI on an Upward Personal Loan is 18% to 32% per annum which can also vary depending on your loan amount and eligibility.

You can contact Upward here at https://upwards.in if you cannot pay your loan, and we will help you work out a plan. They charge a late fee for loans that are repaid late. Your late payment depends on several factors, including your loan amount and how long it is overdue.

Upward Fintech will get back to you within 48 hours with their final decision on the loan. If your documents are in order, they will disburse the money within 3-5 days.

Yes, the processing fee on the Upward Personal Loan is 2% of the amount.

You can easily borrow up to Rs. 5 Lakhs from Upward Fintech.