Instant Personal Loans

The maximum loan amount that Fi users can avail is 5 lakhs

Minimum repayment period for a pre-approved loan: 6 months

Maximum repayment period for a pre-approved loan: 4 years

Generally yes. In some cases, depending on the loan requirement, profile and bureau users may need to provide income proof via connecting accounts digitally through account aggregator framework or uploading salary slip to verify income.

Loan applications get approved instantaneously.

The minimum income requirement to get a personal loan is 25,000/- INR monthly.

While the list of documents usually varies from lender to lender, a general set of documents that you must have is a PAN, Aadhaar, and a Debit card/net banking credentials for setting up mandate.

No, pre-approved loans won't impact your credit score. It only changes if you accept a confirmed offer, which only happens with your consent.

Several factors influence your credit score. Primarily, on-time payments significantly boost it, while late payments severely damage it. Having a long credit history has a positive impact on your score. However, if your loan application gets rejected by lenders, your credit score will be negatively affected.
Building a strong credit score requires responsible credit management, such as consistently paying bills on time, applying only for necessary credit, etc.Tip: Missing auto-payments affects your score too. So, maintain a sufficient account balance for loan repayments. The Fi app makes it easy with timely reminders.

There is a grace period of 3 days starting from the actual loan disbursement date. During this time, you can change your mind and close the loan without incurring any extra charges or penalties.
Note: The processing fee (including 18% GST) collected by our lending partner during loan disbursal will not be refunded and will still need to be paid upon loan closure.

Getting a personal loan through Fi Money is quite simple and easy, just follow these 4 simple steps.

• Visit the Fi Money's Instant personal loan page
• Fill out the online application form
• Scan and upload your KYC documents
• Submit the form

Depending on your lender, it can take anywhere from 5 minutes to 48 hours for your loan amount to reflect in your bank account.

The interest rate for pre-approved personal loans varies according to user profiles. However, the interest rate on personal loans generally ranges between 12% and 36%.

No, it does not. Once a loan gets disbursed, its interest rate remains unchanged.

When you take the personal loan via Fi, on the 5th of every month — the EMI amount will get deducted from your Savings Account balance.

EMIs get deducted from your Savings Account balance.
The amount gets deducted on the 5th of every month.
Fi recommends maintaining sufficient funds in your account to avoid missing repayments.

Except for loans disbursed through Federal Bank, there are no charges or fees linked to the preclosure of a loan account.

Yes, lenders can charge anywhere between 1-3% as processing fees on the loan amount — when you apply for a loan.