Finzy - How to Apply for a Loan Online

Finzy is a financial company that is registered with the RBI. It is a non-banking entity that offers loans to salaried professionals who are eligible and also to self-employed businesses through their advanced peer-to-peer lending platform.


As a potential borrower, they connect you to potential investors from whom you can borrow the funds you need. They have a convenient and easy application process; it simply requires you to upload the documents they need online. For your own ease, they do not need any physical submissions to qualify for a loan.

What you will appreciate most about Finzy loans is that they can approve your loan almost immediately. In addition, they give loans for long periods and for amounts of up to RS. 50,000. For ultimate convenience, you get to sign the loan application form digitally.

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Interest and charges

The interest rate for the loans start from 7.99% and can go up to 21.99% per annum, depending on your credit status. The processing fee is based on the interest rate you get and the total loan amount at disbursement. This fee starts from 1% of the amount, plus a 5% GST fee of the disbursed amount. The GST can go as high as 5% of the amount. Your credit rating is also used to determine the GST as well.

How to Become Eligible for the Loans

To apply for a Finzy loan, you must be an Indian citizen and have proof of this through an address or a national ID. You must also be 18 years old and above, a salaried individual, and must take home at least Rs. 35,000 each month. If you are self-employed, you should have a minimum of Rs. 5 lakh each year in terms of income.


How Does the Process Work?

The process is very easy. Once you have submitted your application and provided all the necessary documents, Finzy will verify the details and then give you their decision within 24 hours. You will then be required to accept the terms and conditions they impose on their loans.

Once you have accepted, you will be required to be listed on Finzy so the approved investors and lenders can access your application. Based on the investors, and whether they accept your application or not, they will fund you within a few hours.

Once the investors have accepted to fund you, then Finzy completes the document for the loan and requires your signature so you can be approved of the amount you wanted. This will then be deposited directly in your bank account.

Documents Required for a Finzy Loan

When applying for the loans, there are some documents you need to provide, whether you are self-employed or salaried. Here are some of these documents.

  • Driving license
  • Passport
  • LPG bill
  • Voters ID
  • MTNL or BSNL landline bill
  • Electricity bill

The Application Process

There are two main ways of applying for a Finzy loan. In both, however, you will be required to upload the above mentioned documents regardless of the process you choose. Here are the two methods.

Method 1

In this process, you should submit an application form through the Finzy website. During this step, ensure that you complete the form with all the relevant information and that it is accurate. Then, attach the supporting documentation and verify your application by using the one-time password they will send to your mobile phone. Then, submit the application.

Method 2

This involves simply completing the online inquiry form that is available on the website and filling in your contact details. You will then wait for a Finzy representative to get in touch with you and help you with the application process.

What You Will Need After Submitting the Application

After you have provided all the details and submitted the application, it will then go through the process of approval. Once approved, you will need the following documentation.

  • A duly-signed loan agreement form
  • 3 postdated checks
  • A promissory demand note
  • The registration mandate from National Automated Clearing house HACH for an auto debit

Finzy Contact Information

If you run into any difficulties while applying the loan, you can reach the company on the following contact information.

Telephone number – 9341 300 300

Email address –

Website –

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This is one of those services that can really get you out of a bind if you need some quick cash. Just ensure that you meet all of their requirements before applying to avoid disappointment.

Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.