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Find comprehensive answers across all retail loan products, corporate debt instruments, and our AI matchmaking technology.
When you apply at a single bank, you only get their proprietary rate and risk criteria. If they reject your profile, it leaves a hard inquiry on your CIBIL score. Finfly India is an aggregated AI-powered debt marketplace that compares 50+ leading banks simultaneously, matching your profile with lenders who have the highest approval likelihood and lowest interest rates — all via a single soft inquiry.
No. When you search and compare loan offers on Finfly India, it is classified as a soft credit pull which causes zero reduction in your CIBIL score.
A CIBIL score of 720+ is preferred for lowest interest rates (starting from 9.75% p.a.). However, we also have partner NBFCs that consider applicants with credit scores between 650 and 720 based on steady monthly salary inflows.
Yes. As per RBI guidelines, individual borrowers with floating rate loans have zero foreclosure penalty. For fixed-rate loans, lenders typically allow part-payment or foreclosure after 6 to 12 EMIs with nominal charges (0% to 3%).
RBI guidelines permit up to 90% Loan-to-Value (LTV) for properties priced up to ₹30 Lakh, 80% for properties between ₹30 Lakh and ₹75 Lakh, and up to 75% for properties above ₹75 Lakh.
Yes! With our Home Loan Balance Transfer facility, you can switch your existing loan to starting rates of 8.35% p.a. and avail an additional low-cost Top-Up loan for interior renovation or personal expenses.
Yes. Finfly India provides 100% collateral-free MSME loans up to ₹2 Crore based on your last 12 months GST returns and current bank account turnover with disbursal in 24 to 48 hours.
A minimum annual business turnover of ₹20 Lakh to ₹40 Lakh with at least 1 to 2 years of business vintage is generally required for fast digital approval.
Residential properties (apartments, independent houses, villas), commercial real estate (offices, retail shops), and industrial plots/godowns with clear marketable title chains are accepted for LAP up to ₹25 Crore.
Yes. Select partner banks offer up to 100% on-road finance covering ex-showroom price, road tax registration, and comprehensive insurance for eligible salaried and self-employed applicants.
In a Dropline OD, interest is calculated strictly on the daily utilized debit balance and charged monthly. If your sanctioned limit is ₹50 Lakh and you only utilize ₹10 Lakh for 10 days, you pay interest only on ₹10 Lakh for those 10 days.
Equity fundraising requires founders to permanently give away company shares and board seats. Venture debt provides non-dilutive capital (sized at 20-40% of equity rounds) repayable over 12-36 months, allowing founders to extend runway without sacrificing equity ownership.
In anchor-based vendor finance and reverse factoring, the lending facility is underwritten on the creditworthiness and payment track record of the large corporate buyer (Anchor). Suppliers can receive early payment on approved invoices at attractive corporate interest rates, while the buyer maintains standard 60-90 day payable terms.
Key requirements include a valid Import-Export Code (IEC), confirmed export orders or Letters of Credit (LC), past 2 years audited balance sheets, 12 months foreign remittance bank statements, and shipping documents (Bills of Lading / Air Waybills) for post-shipment discounting.
While Cash Credit (CC) is a running overdraft against monthly stock and book debt hypothecation, a WCDL is a short-term fixed-tenure demand loan (usually 30 to 180 days) drawn in tranches to finance specific raw material procurement or seasonal inventory surges, often carrying finer interest rates.
Yes. IRDAI-approved Surety Bonds for bid, performance, and advance payment are accepted by government and EPC project authorities as direct replacements for Bank Guarantees, without tying up working capital or demanding 100% cash fixed deposits.
Under a Sale & Lease Back structure, your enterprise sells existing plant, machinery, or corporate real estate to a specialized leasing financier for immediate lump-sum cash, while simultaneously leasing it back to continue operations uninterrupted without ownership disruption.
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