Finnable Personal Loans in India: Your Trusted Financial Partner Since 2018
Would you be interested in a quick and reliable personal loan in India? Finnable offers seamless digital lending solutions tailored to meet the financial needs of Indian consumers, with transparent terms and straightforward documentation requirements. As an RBI-registered NBFC (Non-Banking Financial Company), Finnable has helped over 200,000 customers access affordable credit across 100+ cities in India.
Why Choose Finnable in India?
- 100% digital process – Apply from anywhere in India using just your smartphone, with end-to-end digital processing that eliminates branch visits
- Quick disbursement – Receive funds in your bank account within 24 hours of final approval, with many customers reporting same-day transfers
- Competitive interest rates – Starting from 10.99% to 24% p.a. (significantly lower than many traditional banks for similar unsecured loans)
- Flexible loan amounts – From ₹50,000 to ₹5,00,000, with customized offers based on your credit profile
- Convenient repayment options – Through UPI, NEFT, auto-debit, or the Finnable app, with options to choose payment dates that align with your salary cycle
- Transparent fee structure – Processing fee of 1-3% (based on credit score), no foreclosure charges after 6 months, and minimal documentation fees of ₹500
How Finnable Works in India
- Download the Finnable app from Google Play Store or Apple App Store – rated 4.5/5 stars with over 1 million downloads
- Complete the KYC process with your Aadhaar and PAN details through our secure, encrypted verification system that meets all regulatory requirements
- Get instant pre-approval based on your eligibility, followed by final approval within 4 hours for 90% of applicants
- Receive funds directly in your bank account through IMPS/NEFT transfer with real-time tracking
Eligibility Criteria for a Finnable Loan
- Indian citizens aged 21-58 years with valid government ID
- Salaried employees with a minimum monthly income of ₹15,000 (net in hand)
- Minimum 6 months employment with current employer (verified through official email and salary slips)
- Active bank account with net banking facility and 3 months of statement history
- CIBIL score of 650+ preferred (though we consider applications with lower scores based on other factors)
Required Documentation
- All three acceptable government-issued photo identification include Aadhaar, PAN, or Voter ID.
- Address proof (if different from Aadhaar)
- Latest 3 months’ salary slips
- Bank statements must present three months of salary deposits.
- Employment verification (company ID or latest offer letter)
- Passport-sized photograph
Use Your Finnable Loan For
- Medical emergencies – With special expedited processing for hospital bills
- Education expenses – Including professional courses and skill development programs
- Wedding costs – With flexible repayment options for seasonal income earners
- Home renovation – Competitive rates for property improvement projects
- Travel plans – Special vacation packages with partner travel agencies
- Debt consolidation – Expert guidance on optimizing your debt structure
Customer Success Stories
“When my father needed emergency surgery, Finnable approved my loan within hours. The entire process was online, and the funds were in my account before I reached the hospital for admission.” – Rajesh Kumar, Delhi (Loan amount: ₹1,25,000)
“As a young professional, I struggled with multiple credit card debts. Finally helped me consolidate everything into one affordable EMI, saving me over ₹50,000 in interest payments.” – Priya Sharma, Bangalore (Loan amount: ₹2,80,000)
Responsible Lending Practices
At Finnable, we believe in responsible lending. Our team of certified financial advisors (led by former banking professionals with a combined experience of 50+ years) helps you:
- Understand your repayment capacity through our proprietary affordability calculator
- Choose the right loan amount and tenure based on your financial situation
- Learn about the importance of timely repayments and their impact on your credit score
- Access free financial literacy resources through our app’s Learning Center
Regulatory Compliance & Security
- Secure Transactions – 256-bit encryption for all data transmission and storage
- Privacy Policy – Transparent data usage policies compliant with Information Technology Act, 2000
- Dispute Resolution – Dedicated grievance redressal officer available at grievance@finnable.com with a 48-hour response guarantee
Industry Recognition
- Winner of “Best Consumer Lending App” at the 2023 India FinTech Awards
- Featured in Economic Times’ “Top 20 Emerging FinTech Companies in India” (2022)
- Strategic partnership with one of India’s leading private sector banks for co-lending opportunities
- Then member of the Digital Lenders Association of India (DLAI)
Loan Tenure Options
- Short-term loans: 3-12 months with flexible EMI options
- Medium-term loans: 12-36 months with balanced interest rates
- Long-term loans: 36-60 months for larger loan amounts
Frequently Asked Questions
Q: How does Finnable offer lower interest rates than competitors?
A: Our proprietary AI-driven risk assessment technology allows us to evaluate creditworthiness more accurately than traditional methods, enabling us to offer rates up to 4% lower than the market average for qualified borrowers.
Q: Is there a penalty for early repayment?
A: No foreclosure charges apply after completing 6 months of repayment. A minimal 2% charge applies for earlier closures to cover administrative costs.
Q: How is my loan application evaluated?
A: We use a comprehensive 30-point assessment system that considers your credit score, income stability, existing debt obligations, and alternative data points to determine eligibility and interest rates.
Q: Is my personal information secure with Finnable?
A: Absolutely. We employ bank-grade security measures including 256-bit encryption, multi-factor authentication, and regular security audits by CERT-In certified partners.
Apply Today
Take control of your finances with Finnable – Your trusted lending partner in India since 2018.
Terms and conditions apply. Loans are subject to credit assessment and approval. Finnable is registered with the Reserve Bank of India as an NBFC-ND-SI.