Fino Payment Bank loan, In today’s post, we will know how you can take any business or personal loan from Fino Payment Bank, the interest rate, processing fee and where the documents will be required. And we will also give information about the benefits of taking a loan from a fee payment bank.
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Do you also want to take a loan from Fino Payments Bank? How much loan we can take from fino payment bank, what documents are required for taking loan, how much time will be given for repayment as well as what should be the eligibility to take loan and how many types of loan we can take from fino payment bank.
Eligibility
However, to avail this loan scheme, you have to fulfill certain eligibility criteria.
- You must be an Indian citizen
- Your age should be between 21 to 58 years.
- Credit score at least 700
- Minimum income of ₹25,000/month.
- Two years of work experience.
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How many types of loans does Fino Payments Bank offer?
You can take different types of loans from Fino Payments Bank which are as follows.
- Gold Loan
- Digital Loans
- Business Loans
- Group Loans
- Personal Loan etc
Documents required for Fino Payment Bank Loan
To take a loan, you will have to submit some important documents.
- Aadhar Card / PAN Card
- Bank statements of the last six months
- salary slip
- loan application form
How much loan can you take from Fino Payments Bank?
If we talk about how much loan you can take from Fino Payment Bank, since Fino Payment Bank is a bank, you can borrow from ₹10000 to ₹5000000. Depending on your CIBIL score you can get a loan of up to ₹50,00,000. It also depends on your bank record and other factors.
Fino Payments Bank Loan Amoout : ₹10,000 to ₹50,00,000 as per your CIBIL Score
Also Read – FD loan – Loan Against Fixed Deposit – Feature & Interest Rate
How To Apply For Fino Payment Bank loan?
This process has to be followed for loan from Fino Payments Bank.
- First open Fino Payment Bank website.
- You have to enter your personal information and login.
- From the homepage you click on Digital Loan.
- Enter your Name, DOB, Mobile Number.
- PAN Card / Aadhaar Card Number.
- Submit the application form.
- A call will come from the bank and if you are eligible for the loan then you will get the loan easily.
You can apply for a Fino Bank Personal Loan by downloading the Fino Mitra app from Play Store.
Interest Rate
As for the interest rate of Fino Payment Bank, you can get a loan from here at an interest rate of 1.5% to 2.5% (per month), that is, the interest you have to pay will be between 1.5% to 2.5%.
Loan Tenure
Loan repayment time from fino payment bank is 12 to 18 months but the time limit also depends on your loan amount like if you have taken more loan then you will get more time.
Advantages and precautions of taking a bank loan
Advantages and Precautions of Fino Payment Bank Loan
There are many advantages of taking a loan from Fino Payments Bank, such as low interest rates, transparency and convenient repayment. While taking this loan you also need to take care of your repayment capacity and financial status. If a loan is taken without knowing all this, it affects your CIBIL score a lot.
Also Read – FD loan – Future SBI Car Loan Interest Rate : 2025, 2026, 2027
Conclusion
Fino Payment Bank offers an easy and best facility, if you need financial assistance then Fino Payment Bank Loan can be considered as a great option, as its interest rates are very low, so this loan can prove to be good for long term as well. is Fino Payment Bank offers you loans as per your eligibility so that you can repay the loan on time.
FAQs
Q.What is minimum balance for Fino bank?
A. There is no minimum balance for fino bank
Q. What is the interest rate in Fino payment bank?
A. You can get a loan from here at an interest rate of 1.5% to 2.5% (per month)
Q. Which bank is linked to Fino bank?
A. Blackstone, ICICI Bank, IFC, BPCL bank are linked to Fino Bank
