Benefits of Taking a Personal Loan from FinCrif

• Quick Processing: Our streamlined loan application process ensures that you get access to funds swiftly. In most cases, your loan can be approved within 3 hours, letting you take care of immediate expenses.
• No Collateral Required: Unlike other forms of loans, a personal loan from FinCrif does not require any collateral or security, which means you don’t have to risk your assets to borrow.
• Flexible Repayment Tenure: We provide flexible repayment tenures ranging from 12 months to 84 months, allowing you to choose a plan that best fits your financial situation.
• Competitive Interest Rates: We offer some of the most competitive interest rates in the market, ensuring that your borrowing costs are minimized starting at 10.25%.
• Easy Eligibility Criteria: At FinCrif, we believe in making credit accessible. Our eligibility criteria are simple, so whether you’re salaried or self-employed, you can easily apply for a personal loan.
• Transparent Process: With FinCrif, there are no hidden fees or charges. We maintain complete transparency throughout the loan process, from application to repayment.

How to Apply for a Personal Loan

Applying for a personal loan at FinCrif is easy and hassle-free. Here’s a step-by-step guide to get you started:

• Check Eligibility: Use our online eligibility calculator to determine the loan amount you qualify for.
• Fill Out the Application Form: Provide your basic details such as name, contact information, employment details, and the loan amount required.
• Submit Documents: Upload necessary documents such as identity proof, income proof, and address verification. All documentation can be submitted online for your convenience.
• Loan Approval: Once we’ve reviewed your application and documents, we’ll process your loan approval. In most cases, you’ll receive approval within 3-24 hours.
• Disbursement of Funds: After approval, the loan amount will be directly credited to your bank account.

FinCrif simplifies the loan process, so you can focus on your financial needs rather than paperwork.

Eligibility Criteria for a Personal Loan

To be eligible for a personal loan from FinCrif, you need to meet the following criteria:

• Age: You should be between 21 to 60 years old.
• Income: Salaried individuals should have a minimum monthly income of ₹25,000. Self-employed individuals should demonstrate a stable business income.
• Credit Score: A credit score of 650 or above increases your chances of approval.
• Employment Status: Salaried employees need at least 1 year of continuous employment. For self-employed individuals, a minimum of 3 years of business continuity is required.
• Residency: You must be an Indian citizen residing in the country.

At FinCrif, we cater to both salaried professionals and self-employed individuals, offering customized solutions based on your financial profile.

Documents Required for Personal Loan

When applying for a personal loan, you need to provide a few documents for verification. Here's what you'll need:

• Identity Proof: Aadhar card, PAN card, Passport, or Voter ID.
• Address Proof: Utility bill, rental agreement, or any government-issued address proof.
• Income Proof: Salary slips for salaried individuals and bank statements or income tax returns for self-employed applicants.
• Bank Account Details: A canceled cheque or recent bank statement.

All documents can be uploaded digitally for a seamless application process.

Personal Loan Interest Rates and Fees

At FinCrif, we provide personal loans at competitive interest rates, ensuring affordability for all our customers. Here’s a breakdown of our current interest rates and applicable fees:

• Interest Rates: Starting from 10.25% per annum. The final interest rate will depend on your credit score, loan amount, and repayment tenure.
• Processing Fee: A nominal fee ranging from 1% to 2% of the loan amount is charged at the time of loan approval.
• Prepayment Charges: If you wish to prepay your loan, we charge a minimal fee of 2-4% on the outstanding amount depending on banks/NBFC criteria.
• Late Payment Fees: Ensure timely repayments to avoid late payment charges. A penalty of 1.5-2% per month may apply on the overdue amount.

FinCrif is committed to offering transparent and customer-friendly loan products, with no hidden charges or unpleasant surprises.

At FinCrif, we make the personal loan process simple, quick, and transparent. With flexible repayment options, competitive interest rates, and no need for collateral, our personal loans are designed to meet your individual financial needs. Whether it’s an emergency or a planned expense, a personal loan from FinCrif can be the financial boost you need to reach your goals. Apply today and take advantage of our fast approval process, so you can focus on what matters most to you.