Finnable

Finnable is a fast-growing financial technology (Fintech) startup based in Bengaluru that provides instant personal loans to salaried professionals. Founded by ex-bankers Nitin Gupta, Amit Arora, and Viraj Tyagi, Finnable aims to make personal loans easily accessible.

Business Model

Finnable partners with Non-Banking Financial Companies (NBFCs) and banks to provide personal loans through its digital lending app. It offers a 100% digital and hassle-free process with quick approvals and disbursal within 2 hours. Finnable's services are fully regulated and legally compliant, partnering with RBI-authorized and regulated NBFCs/Financial Institutions.

Impact

Finnable aims to address inequality in the financial services industry by making better-value financial products accessible to salaried earners through technology and innovation. Their mission is to make personal loans available in less than 24 hours, reducing stress and improving the financial well-being of millions of salaried individuals.

Products and Services: Finnable provides personal loans ranging from ₹50,000 to ₹10 lakhs with tenures from 6 to 48 or 60 months.

• Personal Loans: Unsecured loans for various purposes such as shopping, travel, medical expenses, education, and vehicle purchases.

• Shopping Loans: A type of unsecured personal loan for consumer shopping expenses.