Are you looking for a personal loan that can help you meet your urgent expenses without any hassle? Do you want to avoid the lengthy and tedious process of applying for a loan from a bank or a traditional lender? If yes, then FlexSalary instant personal loan might be the right choice for you.
FlexSalary is an online platform that offers a personal line of credit up to Rs. 2 lakh for salaried individuals in India. It is a loan offering from Vivifi India Finance Pvt. Ltd., a non-banking financial company registered with the RBI. A personal line of credit is a flexible and convenient way of borrowing money, where you can withdraw as much as you need from your approved limit and pay interest only on the amount used.
FlexSalary instant personal loan has many features and benefits that make it an attractive option for borrowers who need money quickly and easily. Here are some of them:
Easy Application Process
You can apply for a FlexSalary instant personal loan online in under 5 minutes using their simple and user-friendly application form. You just need to provide your basic details, such as your name, contact information, PAN number, salary slip, bank statement, and Aadhaar card. You do not need to submit any physical documents or visit any branch.
Fast Approval and Disbursal
FlexSalary uses advanced technology and algorithms to verify your eligibility and creditworthiness in real-time. You can get approved for a personal line of credit within a few hours of your application. Once approved, you can receive the money in your bank account on the same day. You do not have to wait for days or weeks to get the funds.
No Collateral or Hard Credit Check
FlexSalary offers an unsecured personal loan, which means you do not have to pledge any asset as collateral to get the loan. Your income and repayment capacity are the only criteria for approval. Moreover, FlexSalary does not perform a hard credit check on your CIBIL score, so you do not have to worry if your credit history is low or poor. A soft credit pull is done, which does not affect your score.
Flexible Repayment and Tenure
FlexSalary gives you the freedom to repay your loan in variable installments without any fixed EMIs. You can choose to pay the minimum amount due every month or pay more as per your convenience. You can also prepay or close your loan at any time without any penalty or charges. The tenure of the loan is open-ended, which means you can decide how long you want to keep the loan active.
High Credit Limit and Lifetime Access
FlexSalary allows you to borrow up to Rs. 2 lakh from your personal line of credit, starting from Rs. 500. You can withdraw any amount within your limit as many times as you want, depending on your needs. Your credit limit is refilled as you repay your withdrawn amount along with interest. You can access your credit line anytime, anywhere, using the FlexSalary app or website. It works just like a credit card, but with lower interest rates.
Low Interest Rate and No Hidden Charges
FlexSalary charges interest only on the amount that you use from your credit line, not on the entire limit. The interest rate ranges between 19% and 55%, depending on your profile and risk assessment. The interest is calculated on a daily basis, so you can save money by repaying early. There are no hidden charges or fees involved in availing a FlexSalary instant personal loan. You only have to pay a one-time processing fee of Rs. 650 when you activate your account.
FlexPay: A Revolutionary Payment Method
FlexSalary also offers a new feature called FlexPay, which is a revolutionary payment method that makes your life easy. With FlexPay, you can scan any QR code and make a payment directly to any business from your FlexSalary account. You do not need to use your debit card or PIN number, and enjoy hassle-free and secure payments.
Q: Who can apply for a FlexSalary instant personal loan?
A: To apply for a FlexSalary instant personal loan, you must be:
- An Indian citizen
- A salaried employee
- Earning at least Rs. 8,000 per month
- Having a bank account with net banking facility
- Having an Aadhaar card and PAN card
Q: How much can I borrow from FlexSalary?
A: You can borrow up to Rs. 2 lakh from FlexSalary, depending on your eligibility and credit limit. You can withdraw any amount within your limit as per your needs.
Q: How do I repay my FlexSalary loan?
A: You can repay your FlexSalary loan in variable installments without any fixed EMIs. You can choose to pay the minimum amount due every month or pay more as per your convenience. You can also prepay or close your loan at any time without any penalty or charges. You can repay your loan using the FlexSalary app or website, or through net banking, UPI, debit card, or cash deposit.
Q: What is the interest rate and tenure of FlexSalary loan?
A: The interest rate of FlexSalary loan ranges between 19% and 55%, depending on your profile and risk assessment. The interest is calculated on a daily basis, so you can save money by repaying early. The tenure of the loan is open-ended, which means you can decide how long you want to keep the loan active.
Q: What are the advantages of FlexSalary loan over other personal loans?
A: FlexSalary loan has many advantages over other personal loans, such as:
- Easy and quick online application process
- Fast approval and disbursal
- No collateral or hard credit check
- Flexible repayment and tenure
- High credit limit and lifetime access
- Low interest rate and no hidden charges
- FlexPay feature for easy payments