Collateral Free Loan
Making Young India Financially Able
Need money without risking your assets? Our collateral-free loan lets you borrow quickly for business, education, medical emergencies, or personal expenses—without any collateral. Enjoy a smooth, hassle-free application process, quick approvals, and flexible repayment options.
Paperless
15 minute disbursal
No collateral
Personal Loan Amount Limit
You are eligible for Loan AmountKey Features & Benefits
Low EMIs
Enjoy lower EMIs with interest charged on a reducing balance, not a flat rate — so you pay less over time.
Quick Disbursal
Get funds directly in your bank account — with fast approval and hassle-free processing.
Flexible Loan Options
Choose a loan amount and repayment period that fits your needs and financial goals.
Your Loan Assistant
Please write to your loan assistant at makeiteasy@finnable.com for any support. We aim to provide you with a seamless and hassle-free experience.
Who Can Apply?
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Age Requirement: Applicants must be between 21 and 55 years old
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Nationality: You must be an Indian national
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Credit Profile: A credit score of 700+ is typically required to ensure quick approval
Application Process
Customers looking for a Collateral Free Loan need to follow the below steps
Documents Required for Loan Application
- PAN Card
- Identity proof
- Address proof
- Signature Proof (PAN card, Passport, etc.)
- Salary slip for the last month
Set Up Your Profile
Sign up with your name, email, and mobile number. Verify your number with an OTP, then fill in your address and job details.
Choose Your Loan
Select the loan amount, choose the loan product, and pick a repayment period that fits your needs.
Upload Documents
Upload your ID proof, income proof, and address proof. Make sure they’re clear and legible, then submit for verification.
Interest Rates & Charges
- Interest Rate: Rates are competitive and customized based on your credit profile and loan amount. Rates start from 16% to 35.99%
- Processing Fee: A processing fee of 4%-5% +GST based on the loan amount may be applicable
- Loan Tenure: With Finnable, the loan tenure ranges from 6 months to 60 months
Common Uses of a Collateral-Free Loan
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Business Expansion: Fund business growth, purchase equipment, or expand your operations
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Personal Expenses: Use it for weddings, travel, medical emergencies, or other personal needs
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Education: Finance higher education for yourself or loved ones without any stress
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Inventory & Working Capital: Small businesses can use it to manage seasonal cash flow, purchase inventory, or cover operating expenses
Trusted by Millions for Simple & Safe Borrowing
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What's the Minimum Credit Score for a Collateral-free Loan?
Your credit score is one of the main factors that can affect your Collateral Free Loan eligibility. If you have a credit score of 700 or above, you will be considered more financially stable and easily get a Collateral Free Loan. That’s why banks and NBFCs prefer to lend collateral-free loans to individuals with good credit scores. If you have a good credit score, then you can also avail many interest-rate discounts and offers.
