FlexPay: Personal Loan App vs RevFin Usage & Stats
FlexPay, is an Instant Credit Line & Personal Loan app that provides customers for a loan of up to 3 lakhs online. FlexPay is a loan offering from Vivifi India Finance Pvt. Ltd., (N-09.00447), a non-banking financial company registered with the RBI. APR ranges between 19% & 55%; Loan Tenure is 10 to 36 months.
Payment Example*: For a loan amount of ₹ 50,000 at 29% annual interest rate for a tenure of 36 months, the maximum APR will be 31.16%. A one-time Processing fee of ₹ 1,000 will be charged for the loan at the time of 1st withdrawal. Flexible Monthly Instalments, Minimum payable is ₹2054. A total amount of ₹ 74,872 to be paid at the end of 36 months.
Annual Interest Rate ranges from 18% to 36.5%; One time processing fee of ₹ 0 to ₹ 1,250 will be charged at 1st withdrawal; Conditional interest ranges from 0% to 1.75% per month; ZERO Late Fee, ZERO Bounce cheque fees, & ZERO Prepayment penalty.
If you meet our simple loan eligibility criteria, you will receive instant cash in your bank account on the same day. FlexPay aims to be one of the most user-friendly Fast Personal loan apps in India.
FlexPay is an online personal loan app which is focused primarily on simplifying the life of users by offering superior features such as instant access to credit, a simple & quick loan application process, & Scan-now Pay-later option.
FlexPay provides instant credit for salaried individuals in India with an easy online application process. Using FlexPay personal loan app, you can get a quick loan online that you can use to pay for your groceries, food, medicines, bike service or buy train tickets & much more just using a smartphone & pay later at your convenience.
You can repay the instant cash loan along with interest conveniently in flexible payments at any time. So, apply for an instant personal credit & use the funds for your immediate needs.
Why use FlexPay?
Instant Credit Approval & disbursal: Get access to instant credit
Credit management: Check pending dues, review payment history, & track your spending
Quick payments: Make quick & easy merchant payments & send money to your friends & relatives instantly
No hidden Charges
Scan QR Code Flexible Repayments
Multilingual platform
One-time approval, anytime cash
Multiple withdrawals
Pay interest only on used money
Use instant credit to buy now & repay us the amount with minimal interest, anytime at your convenience.
FlexPay online personal loan provides a quick & easy Buy Now Pay Later - digital credit solution. You can call it a quick personal loan app or an app that offers a quick cash loan. Avail instant credit, rewards, & more on FlexPay.
Documents Required for Verification:
• Identity Proof (Aadhaar / Driver’s License / Passport / Voter ID)
• PAN card
• Address Proof (Driving License/Utility Bills / Aadhaar / Passport / Bank
Statements /Voter ID)
• Net banking verification for validating your income
• Selfie/Photo
To be eligible for a loan you must be:
• an Indian Citizen
• above the age of 21
• having a minimum salary of ₹4,000
About Safety and Security: FlexPay is completely safe & secure. Information you share is encrypted & only used to verify your application.
*The APR shown in the above example is based on an indicative payment schedule shared as part of loan agreement. Customers have full flexibility to either follow the indicative schedule or make multiple withdrawals and payments at their discretion, including the ability to pay off the entire outstanding balance without any prepayment penalty.
Queries?
Mail: support@flexpay.in, Call: +91-40-4617-5151
Address: Unit A, 9th Floor, MJR Magnifique, Khajaguda X Roads,
Raidurgam, Hyderabad, Telangana- 500008
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**1. ELECTRIC THREE-WHEELER LOAN**
Our Electric Three-Wheeler Loan is a closed ended credit product. With this loan, you borrow a fixed sum of money from us and repay it back in equal monthly instalments over the term of the loan. This loan is only available through our approved dealerships
Electric three-wheeler loan features:
* Minimum loan amount: ₹40,000
* Maximum loan amount: ₹4,50,000 or up to 90% of Vehicle On-road Price
* Interest rates: Up to 14% flat interest rate OR up to 29% (Annualized reducing rate)
* Processing fee: Up to 5% of loan amount
* Tenure: 3 to 36 months
* Minimum monthly income: ₹12,000
* Customer Age: between 21 and 60 years at the time of loan application
* No pre closure charges
* No Loan cancellation charges
**2. ELECTRIC TWO-WHEELER LOAN**
Our Electric Two-Wheeler Loan is a closed ended credit product. With this loan, you borrow a fixed sum of money from us and repay it back in equal monthly instalments over the term of the loan. This loan is only available through our approved dealerships
Electric two-wheeler loan features
* Minimum loan amount: ₹30,000
* Maximum loan amount: ₹1,00,000 or up to 75% of Vehicle On-road Price
* Interest rates: Up to 14% flat interest rate OR up to 29% (Annualized reducing rate)
* Processing fee: Up to 10% of loan amount
* Tenure: 3 to 15 months
* Minimum monthly income: ₹12,000
* Customer Age: 21-60 years
* No pre closure charges
* No Loan cancellation charges
**3. EV ANCILLARY LOAN**
Our Electric Vehicle (EV) Ancillary Loan is a closed ended credit product. This loan is taken to finance Ancillaries like batteries, conversion kits etc. This loan is only available through our approved dealerships.
EV ancillary loan features:
* Minimum loan amount: ₹10,000
* Maximum loan amount: ₹50,000
* Interest rates: Up to 15% flat interest rate OR 27% (Annualized reducing rate)
* Processing fee: Up to 10% of loan amount
* Tenure: 6 to 36 months
* Minimum monthly income: ₹12,000
* Customer Age: between 21 and 60 years at the time of loan application
* No pre closure charges
* No Loan cancellation charges
**4. REV LOAN**
Our RevLoan is a personal line of credit extended only to our exiting customers.In this, you can draw down any amount in denominations of Rs.1,000 up to your credit limit.
Rev loan features
* Minimum loan amount: ₹1,000
* Maximum loan amount: ₹30,000
* Loan Term: 3 to 36 months
* Interest: 36%
* Minimum monthly income: ₹15,000
* Customer Age: 21-60 years
* No processing fees
* No pre closure charges
* No Loan cancellation charges
**Representative Example: (applicable for the different loans)**
Loan Amount: ₹1,00,000
Tenure: 21 months
Interest rate: 25% (on reducing principal balance interest calculation)
EMI: ₹5,928
Total Interest Payable: ₹5,928 x 21 months - ₹1,00,000(Principal) = ₹24,488
Processing Fees (incl. GST)*: ₹3,000
Disbursed Amount: ₹1,00,000 - ₹3,000 = ₹97,000
Total Amount Payable: ₹5,928 x 21 months = ₹1,24,488
Total Cost of the Loan: Interest Amount + Processing Fees = ₹3,000 + ₹24,488 = ₹27,488
*Processing fees may vary depending on the product selected by the customer
**ABOUT REVFIN**
RevFin is a digital lending platform that allows individual users to apply for loans. All loans are issued through Aristo Securities Private Limited (a Non-Banking Finance Company, NBFC, regulated by the RBI), a subsidiary of Revfin Services Private Limited (Revfin).
Through the app, a user can:
* Apply for a loan with us
* Sign and complete all documentation required for their loan
* Get a decision on their loan application
All loans are subject to local regulation, customer status, and affordability.
Reach out to us at
For loan queries, email us at care@revfin.in or call 8686738738
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FlexPay: Personal Loan App VS. 
RevFinJanuary 6, 2025