FINSARA

FINSARA is an AI lending platform that partners with NBFCs and Banks to provide consumer loans using non-traditional variables, such as salary, employment, education.. etc. to predict creditworthiness. Their goal is to help 100MM+ Indians by 2040 by giving them the fairest, clearest, and most personalized credit by underwriting them accurately. They're building a full closed-loop ecosystem of customers, employers, merchants and lenders. The journey starts with a small line of credit ₹10,000 for everyday-use up to home loans all with the goal of raising the socio-economic stature of people. FINSARA Credit limit is for your daily expenses. From your grocery store, to the medical store till the petrol pump. Once you're approved on FINSARA, you can transfer money to your bank account and see your credit history grow. After using the FINSARA credit limit for 4-6 months, you become eligible for FINSARA Flexi Personal Loan. FINSARA facilitates personal loans through its RBI approved NBFCs to select customers based on good repayment behavior on credit limit. Flexi loan amount ranges from ₹10,000 to ₹50,000 and tenure can vary from 3 months to 36 months. The maximum Annual Percentage Rate (APR) will be 36%, but the actual APR can be lower based on an individual's credit profile, although most of their customers incur much lower APR.