FlexSalary Personal Loan

Want instant funds? You can opt for FlexSalary's personal loan for any personal needs. FlexSalary instant loan is collateral-free and offers an interest rate starting from 18% p.a.

You can easily apply for a quick loan through FlexSalary and get it approved instantly.

FlexSalary Personal Loan Details

You can easily avail of a personal loan from FlexSalary in minutes. Find out FlexSalary's personal loan minimum income requirements and make the right choice. Given below are a few parameters to consider before you choose a FlexSalary personal loan:

FlexSalary APR 18% p.a. onwards
Loan amount Up to ₹2 Lakhs
Processing fee Rs. 0.00 to Rs. 1,250 (including GST)
Tenure 10 to 36 months

FlexSalary Personal Loan Interest Rates

The interest rate of your loan is the most crucial factor that impacts profitability, competitiveness, risk management, and sustainability. FlexSalary offers interest rates ranging from 18% p.a. onwards. The interest rate may vary depending on factors such as your income, credit history, liabilities, etc.

FlexSalary APR 18% to 54% p.a.

FlexSalary Personal Loan Fees & Charges

It is important to be aware of all the fees and charges while availing a personal loan and know the processing fee, prepayment charges, etc. Before applying for a loan, refer to the table below to learn all about FlexSalary Personal Loan fees and charges:

Processing fee Up to Rs. 1,250 payable at the time of first disbursement
Tenure 10 to 36 months
Loan amount Up to ₹2 Lakhs

FlexSalary Personal Loan Eligibility Criteria

FlexSalary has a set of eligibility criteria you must meet to get your loan application approved. These include the borrower’s age and income. Refer to the table below to learn about FlexSalary personal loan eligibility criteria.

Age If you see yourself between the range 21 to 60 years
Salaried employee Drawing Minimum ₹8000 Monthly Salary

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Documents Required for FlexSalary Personal Loan

To get your personal loan approved, you must provide a set of required documents for verification. Documents required to apply for a FlexSalary personal loan are as follows:

Proof of Identity PAN card, Aadhaar card, Driver's license, or Passport
Proof of Address Passport/rental agreement/utility bills like landline, water or electricity, etc.
Proof of Income Last 3 months' bank statements.
*Applicable only to Indian residents.

Compare FlexSalary Personal Loans Over Other NBFCs

FlexSalary is a loan-offering platform that facilitates loans through Vivifi India Finance Private Limited, a non-banking finance company (NBFC) duly registered with the Reserve Bank of India (RBI). But it is important to compare the lenders including banks and NBFCs before applying for a loan to ensure you are choosing the right one according to your needs.

Refer to the table below, to compare the FlexSalary personal loan interest rates with the interest rates of other NBFCs.

FlexSalary (Loan offering from Vivifi India Finance Private Limited) 18% onwards
HDB Financial services Upto 36%
CASHe 27%
Home Credit 24%

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Features & Benefits of FlexSalary Personal Loan

A FlexSalary personal loan can provide you with quick access to cash. Here’s why: -

Instant Approval

Get loan approved in
a matter of hours.

Attractive Interest Rates

The interest rates start
at 18% p.a.

Flexible Loan Tenure

Flexible tenure that ranges
from 10 - 36 months.

Zero Collateral

No needs to risk your assets
for a loan.

Completely Online

Online application process
to save time.

Zero Hidden Charges

No extra hidden charges.

How Do You Apply for Personal Loans

You can apply for a instant loan from a pool of RBI-approved lenders with Buddy Loan. Based on your eligibility and needs, a suitable lender can provide you with a loan. Let’s go through the steps to apply for a personal loan.

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Apply for a Personal loan now!

FlexSalary Loan Repayment

FlexSalary offers a flexible repayment plan. There is no fixed EMI. So the borrower can choose variable installments to repay the personal loan. There are no penalties or hidden charges involved.

FlexSalary offers a repayment tenure ranging from 10 months to 36 months.

Frequently Asked Questions

For FlexSalary personal loans, there is no hard credit check. It is approved based on income and not on CIBIL score.

You can click here to apply for a personal loan from FlexSalary via Buddy Loan.

No collateral is required to apply for a personal loan with FlexSalary.

The tenure varies from 3 months to 3 years.

You will need a few documents handy to avail a loan from FlexSalary like Aadhaar card, PAN card, Driving license, Voter ID, Passport, Pay slips, and Bank statement.

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