We all need an infusion of cash from time to time to meet various needs that go above and beyond our salaries or fixed incomes. You may need money for unplanned expenses such as a medical emergency or you may be planning to buy a vehicle, renovate your house, go on a family vacation, meet wedding expenses, or purchase high-end household items or electronic gadgets.
Traditionally, most people faced with such situations, approach their family or friends, or even consider breaking a fixed deposit. More recently, it has become more convenient to use credit cards, which can end up being prohibitively expensive due to extremely high interest rates and additional/hidden charges. Many take personal loans from their banks, which can be a difficult, time-consuming and stressful process involving tons of paperwork, phone calls and multiple visits to your branch.
With FundsMama, step into the future of online financial borrowing with fast, hassle-free and completely paperless instant personal loans, all from the comfort of your homes.
FundsMama is the ideal choice for all your personal loan requirements. We have perfected our loan disbursal mechanism with countless hours of fine-tuning our processes, building our proprietary underwriting algorithm for efficient and accurate loan estimates and having the right people in place who understand your requirements and work tirelessly to ensure that you never have to suffer due to a lack of money.
Fill out the loan application form. This is a simple process that will take just a few minutes of your time. Provide a few details such as your name, mobile number, email, PAN, etc., as well as the loan amount you are looking for and your monthly income.
You will receive an email requesting the documents required to complete the loan application. The details shared by you will be used to check youreligibility based on company set criteria.
Once your eligibility has been established,you will receive a phone call for processing your loan and then your loan will be disbursed within XX hours.
The following criteria need to be met for smooth and successful disbursal of the loan
Provide the following KYC documents for evaluation of your loan-worthiness
"Very memorable experience with FundsMama. Their personal loan process is super-fast and super smooth. Just make sure you have all your documents handy and leave the rest to them. I am a fan!"
"Excellent service in double quick time, that too from the comfort of my home. Everything is online - no need to run to my bank or take tons of printouts and photocopies. Thanks, guys, for a great experience."
"FundsMama is the best place for taking a personal loan. I have taken loans in the past, but their speed and ease of application has been a revelation. Also, very knowledgeable and courteous team. No need to look further."
Getting an online personal loan from FundsMama is very easy. Just visit our website or download the FundsMama app, fill out an online form with a few details and submit it. Thereafter, you will get an email requesting for documents, which you can scan and submit through email. Then, we evaluate your application and then give you a call to discuss the loan structure and repayment terms. Then, if all the parameters are satisfied, we disburse the loan within 24-36 hours.
We have an efficient loan underwriting system that checks various criteria for your loan worthiness, including your CIBIL score, monthly salary, existing loans, etc., while deciding your loan amount. Depending upon your salary and your credit history, you can receive up to 80% of your salary.
We have a flexible loan repayment system where you can choose the duration of your tenure from 12-60 months. You can repay your loan in fixed equated monthly instalments (EMI), which will be auto-debited from your salary account on a fixed date every month. To activate the auto-debit facility, we will take an e-mandate from you at the time of disbursal of your loan.
The rate of interest that you will be charged will depend on the type of loan that you take. For a personal loan the rate of interest ranges between X% and Y%, while for a short-term loan, it can vary between X% and Y%. Our processes are transparent and you will get complete information on the loan structure at the time of application.
Yes, prepayment or foreclosure of your personal loan is possible without any charges, provided you complete the payment of the first 6 EMIs. Some charges will be applicable if you choose to foreclose your loan before 6 months from date of disbursement.
A Unit Of Girdhar Finlease Private Limited
GRIEVANCE REDRESSAL CELL
We strictly adhere to the RBI directives and have an efficient grievance redressal team to look into and resolve all types of grievances. We always strive for responsible lending, we only offer loans that we know will be easy for you to repay, and we charge ethical fees. We never believe in high pressure or forced recovery methods of any kind. But if you have a complaint, we take it seriously and solve the problem within 5-7 working days.
Call us at : +91-9711-711-026 | Email us at : grievance@fundsmama.com