Finheal Capital is an Instant Personal Loan App & Credit Platform for all Professionals across India, where one can apply for Personal Loan Online & avail up to ₹5 Lakh as Direct Cash Transfer to Bank Account.
Why Finheal Capital?
1. Apply anytime from anywhere.
2. All Indian citizens from anywhere across India are eligible.
3. Customers with low or no credit history are eligible.
4. Quick decision.
5. When approved, the sanctioned amount is credited to your bank account immediately.
6. Convenience of multiple repayment methods.
7. No pre-payment penalty if loan is repaid before due date.
How does Finheal Capital works？
1. Install the Finheal Capital App from the Play Store.
2. Register an account.
3. Select the product you would like to apply for
4. Fill out the contents and upload relevant documents then submit the application
5. After the submission, you may receive a call for verification. The final application result will be shown in the APP and you will be informed by SMS if approved.
6. Provide the consent with the loan agreement after the approval
7. After the confirmation of the loan agreement, the approved loan amount will be disbursed in the account and a SMS notification will be sent.
Features
1. 100% Online process
2. Minimal documentation
3. Fast approval
4. Immediate bank transfer
Eligibility
1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income
Amount, Tenure, Fees & Charges
Loans amount: ₹5,000 to ₹500,000, Tenure: 62 days-36 months. Interest rates range from 0%-29.95% with an equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low-risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on the creditworthiness and repayment ability of the customers.
The penalty is charged only when someone delays their scheduled payment.
The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low-risk customers are 0%-36%, medium risk customers are 18%-39%, high-risk customers are 24%-42%* and very high-risk customers are 24%-70%*.
In addition to it, GST will be applicable only on the fee components as per Indian laws.
*The higher charges are only for loans of the lower amounts and lower repayment tenure.
Example
A new low-risk customer availing personal loan for salaried can avail a loan of ₹50,000 at an interest rate of 22%, processing fee of ₹1,250 for a period of 12 months. This would translate to an APR 25.2%.
Interest Calculation
If the loan amount is ₹50,000 & interest is 22% per annum, and the loan is to be repaid over 12 EMIs, then overall interest payable is ₹6,157 only. The EMI per month would be ₹4,680 only.
Security
All the transactions are secured via 256-bit SSL encryption.
Contact Us
Email: contact@finhealcapital.in
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