Want instant funds? You can opt for FlexSalary's personal loan for purposes like home renovation, medical expenses, wedding expenses, or any other 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 a personal loan from FlexSalary in a matter of minutes. Find out FlexSalary's personal loan minimum income requirements and make the right choice. Given below are few paramenters to consider before you choose FlexSalary personal loan:
| FlexSalary Interest Rate | 18% p.a. onwards |
|---|---|
| Loan amount | Up to ₹2 Lakhs |
| Processing fee | Up 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 its sustainability. FlexSalary interest rates ranges from 18% to 54% p.a. The interest rate may vary depending on factors such as your income, credit history, liabilities, etc.
| FlexSalary Interest Rates | 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, it has processing fee, prepayment charges, etc. Before applying to any loan. Refer to the table below to know all about FlexSalary Personal Loan fees and charges:
| Processing fee | Up to Rs. 1,250 (including GST) |
| Tenure | 10 to 36 months |
| Loan amount | Up to ₹2 Lakhs |
FlexSalary Personal Loan Eligibility Criteria
FlexSalary has a set of eligibility criteria that you must meet in order to get your personal 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 |
| Self-employed | Drawing Minimum ₹2,00,000 p.a. |
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 | 3 to 6 months salary slips and bank statement. |
Calculate EMI For FlexSalary Personal Loan
Before you go for any loan, the first step is to calculate the EMI and plan effortless monthly repayments. Use the EMI calculator provided here find out your approximate EMI now. Simply input the loan amount, interest rate, and loan tenure, and get instant results.
Amount (₹) :
Interest Rate (%):
Months to Pay :
You can also calculate your EMI using this formula:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Here,
- R represents the rate of interest.
- P represents the the principal amount.
- N represents the loan repayment tenure.
Calculate your EMI by replacing the variable with the actual values.
Compare FlexSalary Personal Loans Over Other NBFCs
FlexSalary is RBI approved NBFC. But it is important to compare the lenders including banks and NBFCs before applying for loan to ensure you are choosing the right one according to your needs.
Refer to the table below, where you can compare the FlexSary personal loan interest rates with the interest rates of other NBFCs.
| NBFCs | INTEREST RATE (p.a.) |
|---|---|
| FlexSalary | 18% to 54% |
| HDB Financial services | Upto 36% |
| CASHe | 27% |
| Home Credit | 24% |
| Money View | 15.96% |
| RBL Bank | 17.50% - 26% |
Read More
Read Less
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.
Types of FlexSalary Loans
FlexSalary offers a range of personal loans specific to your requirement. With quick approval and instant disbursal, take advantage of FlexSalary personal loan in a variety of ways.
Personal Loan
Manage your expenses and meet your financial needs with an instant personal loan available for salaried professionals. Get access to cash within 24 hours to meet all kinds of unexpected financial needs including medical bills, wedding expenses or any big purchase.
Instant Cash Loan
It is the best solution in case of an emergency cash crisis. You can get a loan amount starting from ₹4,000 to ₹2,00,000 within just 1 hour. Enjoy minimum documentation and no spending restrictions.
Executive Education Loan
Want to take your career to the next level but don’t have the required fund? The Executive Education Loan from FlexSalary offers personal loans to salaried employees to pursue professional courses. Get flexible loan tenure with attractive interest rates.
Personal Loan for Marriage
Having the wedding of your dreams may look impossible without enough funds. Apply for zero collateral FlexSalary Wedding Loan and effortlessly cover all your wedding expenses including wedding jewellery, invitations, venue booking, catering, etc. Get marriage loan disbursal as quick as 24 hours with unmatched interest rates.
Travel Loan
Get easy, hassle-free funds to Tick off your travel bucket list with a personal loan for travel. It is an easy travel loan offered to salaried individuals. Get up to 2 lakh instant loan without any collateral.
Salary Advance Loan
FlexSalary also offers loans on salary exclusively to salaried professionals to tackle unexpected expenses. This is a small cash loan helps you meet the small but urgent financial needs like utility bills, rent deposit, etc.
How Do You Apply for FlexSalary Loans with Buddy Loan?
Follow these steps to apply for a FlexSalary loan on Buddy Loan:
Step 1 - Visit - buddyloan.com or Download & install Buddy Loan app
Step 2 - Fill out the application form, including the loan amount, the tenure months, and contact details.
Step 3 - Fill out the following personal details where required:
- Email Address
- employment type: Salaried/ self-employed
- Company Type
- Industry Type
- Current Company Name
- Company Address
- Year of Employment
- Net Income
- Mode of Salary
- PAN Card Details
- Full Name (As Per Pan Card)
- Current Address with PIN Code
- Mobile Number
Step 4 - Submit the details & wait for the loan confirmation.
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.
Ready to take next step ?
Frequently Asked Questions
Yes, you can get a cash loan using FlexSalary.
For FlexSalary personal loan, 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.
FlexSalary offers a personal loan amount starting from ₹4,000.
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.
Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.
Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.
Rated 4.5 on Google Play
10mn+ App Installs
17mn+ Applicants till date & growing
188k+ Daily Active Users