FINSARA : Instant Credit Line

FINSARA is for salaried employees.

FINSARA enables you to get access to up to INR 5,000 credit limit to use on daily essentials. 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 or just scan any QR code and see your credit history grow. After using your Credit Limit for 4 to 6 months, you become eligible for Flexi Personal Loan.

The paperwork is minimal to get on FINSARA, the joy is limitless.

Currently, we are available in Delhi-NCR and are going to be expanding soon.

What is FINSARA?
FINSARA is a solution to building credit history in Bharat. If you’ve never had access to credit, FINSARA will offer you that, and stay with you on the journey as you grow. FINSARA was created with a vision of equal opportunity for everyone in Bharat.

Why choose FINSARA Credit Limit?
=> 100% paperless process: Verify your PAN and Aadhaar, use FINSARA, pay back on the FINSARA app - no bank visits, no calls
=> 0% processing fees: There is no small, hidden text in the T&C. We are transparent.
=> No security deposits or guarantors: We only ask for income and employment proof, that’s it.
=> Pay as you go: Only pay membership fee when you use FINSARA; ranges between INR39 to INR179, depending on your credit limit.
=> 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 19 years or older
Must have PAN Card
Must have Aadhar linked to your phone number
Must be UPI enabled via any app like Google Pay, PhonePe, Paytm etc.
Minimum net take-home monthly salary: ₹10,000
Minimum annual household income should be : ₹300,000 (if unmarried household income includes income of myself, parents, and siblings, If married household income includes income of myself, spouse and unmarried children)

How to get FINSARA?
Just download the App. That's it!

How to use FINSARA?
Once you download the app,
Sign in using your phone number
Complete your KYC with your PAN and Aadhaar details
Get instant credit limit approved of up to INR 5,000 (T&C apply)
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)

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...etc

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 different factors like good repayment behavior etc. 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)

NBFC partners:
FINSARA is a lending platform and does not give out loans directly to users. FINSARA has partnered with RBI approved NBFC - Ganesh Ganga Investment Private Limited to give credit limit and Flexi Personal loan.

Have questions?
Reach out to us for any queries, feedback, and suggestions on contact@finsara.app or WhatsApp us at +91 9871723069, +91 9871723096.