Which all platform fundsPI supports.
Presently we are available on Play Store. Very soon we will be coming on App store as well.
What all documents do I need to submit to avail a loan.
To avail a loan on fundsPI, you will need to submit below mentioned documents & all of those are mandatory ;
Proof of Identity : PAN Card
Proof of Address : Aadhar Card or e-Aadhar Card or Passport or Voter ID or Driving License. (Aadhare is not mandatory as proof of address. You can submit any one of the mentioned docuement as address proof.
Bank Statement : Last 12 months bank statement in bank generated PDF format.
Do I need to submit these everytime that I take a loan from fundsPI.
No. You need to submit these documents only first time while availing a loan. For subesequent loans, these documents need not be submitted unless there is change in your address or employment details.
Do I need to compulsorily use the mobile number for registration on fundsPI that is linked to Aadhar.
Yes. This number will be used for signing of e-agreement for which OTP is sent by UIDAI (Aadhar issuing authority) on this number.
What if my mobile number is not linked to Aadhar. Will I able to avail loan on fundPI.
No. You will not be able to avail the laon on the fundsPI.
Which account loan gets disbursed.
Loan gets disbursed directly to your salary account.
I am not able to complte the application. What do I do.
Why do you verify bank account?
We need to ensure that given account belongs to you.
Are there any condition with regards to bank account?
Yes account has to be in your name & it should be your salary account.
Can I use joint bank account.
Yes. But you need to be the primary account holder.
How do you verify bank account?
We verify bank account by transferring Rs. 1/- in your account.
What if my account does not get verified.
You could e-mail the copy of cancelled cheque.
Can I avail a loan on holidays.
We being an online platform, you can avail loan 24*7*365. You can get your disbursement even on bank holidays or sundays.
Is there any minimum age limit.
Yes. You need to be minimum of 18 years of age to avail a loan.
Will I be able to avail a loan from outside India.
No. you need to a resident of India & need to be present in India to avail a loan.
Is my data safe with fundsPI.
What is the minimum and maximum loan amount available on fundsPI?
The minimum amount of loan is Rs. 1000 and maximum amount of loan is Rs. 25000.
What is the minimum and maximum tenure avaiable for loans.
Loans are availble for the tenure starting 3 months to 12 months.
How much time it will take the loan to get disbursed.
On completion of e-agreement, your loan will be disbursed to your account in less than 24 hours.
How much time it will take for loan to get approved.
If all the documents are submitted as required, your loan will get approved in less than 24 hours.
My loan application is rejected. Can I re-apply for the loan.
You will be able to reapply for the loan after 6 months.