FINSARA: Everyday Credit Limit

FINSARA Credit limit is for your daily expenses. From your grocery store, to the medical store till the petrol pump. Once you're approved on FINSARA, you can transfer money to your bank account and see your credit history grow. We are currently available in 20 cities - Delhi-NCR, Indore, Haridwar, Pune, Ahmedabad, Rajkot, Mumbai etc. are going to be expanding soon.

Why choose FINSARA Credit Limit?

🔶 100% paperless process and get credit limit in 5 mins 🚀
🔶 No Hidden Charges: We don't surprise you with any hidden charges.
🔶 No security deposits: We only ask for income and employment proof, that’s it.
🔶 Pay as you go: Pay only when you use FINSARA, monthly charges ranges between INR69 to INR299, depending on how much credit limit you use.
🔶 100% safe and secure: All data collected on FINSARA APP is secured using the highest level of encryption with our RBI registered lending partners.

Eligibility Criteria:

🔶 Must be 20 years or older
🔶 Must have PAN Card
🔶 Must have Aadhar linked to your phone number
🔶 Must have a UPI enabled App like Google Pay, PhonePe, Paytm etc.
🔶 Minimum net take-home monthly salary: ₹12,000
🔶 Minimum annual household income should be more than ₹300,000

How to use FINSARA?

🔶Once you download the app,
🔶Sign in using your Aadhar registered phone number only
🔶Complete your KYC with your PAN and Aadhaar
🔶Get instant credit limit approved of up to INR 10,000
🔶You can transfer money to your bank account or scan and receive (by scanning any merchant UPI QR code to get money in your bank account)

How do I repay FINSARA Credit Limit?

Once the bill is generated on 8th, you have till 12th to pay the amount using your favourite UPI app - like GooglePay, PayTM, PhonePe.. ⚡

How can I avail a Flexi personal loan through FINSARA?

After using the FINSARA credit limit for 4-6 months, you become eligible for FINSARA Flexi Personal Loan. FINSARA facilitates personal loans through its RBI approved NBFCs to select customers based on good repayment behavior on credit limit. Flexi loan amount ranges from ₹10,000 to ₹50,000 and tenure can vary from 3 months to 36 months. The maximum Annual Percentage Rate (APR) will be 36%, but the actual APR can be lower based on an individual's credit profile, although most of our customers incur much lower APR.

Flexi Personal Loan (Example):

• Loan Amount: ₹50,000
• Tenure: 12 months
• Rate of Interest: 20% per annum
• Application and processing Fee: ₹0 (0%)
• Total Interest: ₹5,581
• EMI: ₹4,632
• APR: 20.0%
• Total amount disbursed: ₹ 50,000
• Total Repayment (Maturity) Value: ₹55,581 (Including Applicable Interest and Fees)

Responsible Lending:

All our policies and services are fully regulated and legally compliant. FINSARA is a lending platform and does not give out loans directly to users. We are a member of the Digital Lenders Association of India https://www.dlai.in/members-listing/ and adhere to the DLAI code of conduct https://www.dlai.in/dlai-code-of-conduct/

FINSARA has partnered with RBI approved NBFC -
🔶 Ganesh Ganga Investment Private Limited https://ganeshganga.com/
🔶 RINKPI Finance & Consultants Private Limited https://rinkpifinance.com/

FINSARA security systems are designed to be in line with those of the best banks in the country. Rest assured knowing that all your data is safe and secure as we use 256-bit encryption for data management.

For a faster process, we require the following App permissions:
🔶SMS - We read SMSs to ascertain the credit-worthiness and offer amount
🔶Location - To check the serviceability of a loan application & to expedite the KYC process
🔶Camera - Helps you upload your selfie as a part of the application process


Have questions?
📞 Whatsapp us at +919871723069 for any queries, feedback, and suggestions .