Frequently Asked Questions
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Fingo provides various loan options available from different banks and NBFCs to serve the needs of diverse customer groups.
What is Fingo?
Fingo is a fast-growing digital marketplace for all your financial needs (Personal loans/Business loans/Home loans/Credit cards etc.,). Our advanced algorithm shall evaluate your profile just the way the banks do and help you shortlist the best bank/ product customized to your profile and requirement. With strong partnerships with a wide range of top banks & NBFCs, we are uniquely placed to cater to your requirements and negotiate with the banks for the best terms on your behalf.
Our dedicated and passionate team shall provide you with end-to-end assistance right from the application submission to the final disbursal of loan/issuance of credit cards. And yes, we do all this at absolutely ZERO COST!!!
Our dedicated and passionate team shall provide you with end-to-end assistance right from the application submission to the final disbursal of loan/issuance of credit cards. And yes, we do all this at absolutely ZERO COST!!!
Why should I choose Fingo and not directly go to the lender?
Approaching Fingo for credit enables our customers to spend their quality time on those things that matter most to them like finding a good house at a good location, involving in the designing process of their dream house, growing their businesses, planning their dream weddings/ceremonies, or attending to any emergencies. We work for your timely credit reducing the burden on your shoulders and you can avoid roaming across the banks to meet your financial requirements. Working with us is advantageous because:
We are committed to working in your best interest.
- Just by applying to us at ZERO SERVICE CHARGES, we get you access to a wide range of banks & NBFCs without you needing to deal with each bank separately
- Based on your profile and requirement, we help you shortlist the best bank/product that meet your needs
- We negotiate with banks for the best interest rate, higher loan eligibility, and other terms on your behalf. We will be with you throughout the process right from the application submission to the final disbursal of loan/issuance of credit cards.
- Zero hassle, zero service fees, and zero impact on your credit score. Each time you directly go to a lender your credit score gets impacted.
- Rest assured, WE ALWAYS PUT YOUR INTEREST BEFORE EVERYTHING ELSE; And Yes, we do all this at absolutely ZERO COST!!!
We are committed to working in your best interest.
Why shouldn't I apply with multiple lenders directly?
Applying to multiple lenders doesn"t ensure loan approval rather it impacts your credit score negatively. Multiple applications reduce your chances of getting a loan in the future.
Just by applying to us at ZERO SERVICE CHARGES, we get you access to a wide range of banks & NBFCs without you needing to deal with each bank separately. Based on your profile and requirement, we help you shortlist the best bank/product that meet your needs
Just by applying to us at ZERO SERVICE CHARGES, we get you access to a wide range of banks & NBFCs without you needing to deal with each bank separately. Based on your profile and requirement, we help you shortlist the best bank/product that meet your needs
How does the online loan application process work?
It is completely a digital process and shall need hardly 2-3 minutes of your time
- We ask you to provide some basic personal and professional details to evaluate your profile just the way banks do.
- Our advanced algorithm shall evaluate your profile and requirement and finds the best match from the universe of banks which meets your requirement.
- We negotiate with lenders and try to get you the best possible terms for your loan.
- Our dedicated and passionate team shall provide you end-to-end assistance right from the application submission to the final disbursal of loan/issuance of credit cards
What interest rate will I get on my loan if I go through Fingo?
Interest rates offered to you depend on many factors like your credit profile, type of loan, and the lender offering the loan. However, we put all efforts to negotiate for the lowest interest rate and other charges and ensure you get the credit at the best terms.
What is the minimum credit score I need to avail a loan?
A credit score of 750+ is excellent. It means that you are eligible for a credit of low-interest rate and have high approval chances. A score in the range of 650-750 means that better interest rates and credit approval are possible but are limited. Any score below means that approval chances are low and need immediate action.
However, we see the underlying reasons for low credit scores and put efforts to convince lenders for a favourable decision for all genuine cases. We shall guide you on how to improve your credit score and we will get you ready for the next loan.
However, we see the underlying reasons for low credit scores and put efforts to convince lenders for a favourable decision for all genuine cases. We shall guide you on how to improve your credit score and we will get you ready for the next loan.
How long does it take for me to get a loan through Fingo?
It depends on how fast you get us with your documentation. We have been able to achieve loan disbursal as short as 1 working day. In general, after documentation, it usually takes 2-3 days for unsecured loans and utmost 7 days for secured loans. With strong partnerships with all the banks, our team shall ensure your application gets the decision on a priority basis.
Does checking my Credit score/applying for a loan through Fingo impact my credit score?
Absolutely No. We have partnered with Credit Bureau Companies such as Equifax and CIBIL to check your credit score with your prior consent to recommend you best possible options for your financial requirement.The partnership with the Credit Bureau companies ensures that checking your Credit score on Fingo does not have any impact on your credit score as it is not treated as an inquiry on the credit report.
Can Fingo guarantee me a loan?
With strong partnerships with a wide range of banks and NBFCs, we put our best to help you meet your financial requirement. However, the loan approval depends on various factors such as your credit score, your income profile, your past loan repayment history, and general market conditions. Hence, we may not be able to guarantee a loan but we can definitely guarantee our best efforts to support you.
In case of any support/escalation, how can I approach Fingo management?
We shall supp ort you get your issues addressed on priority. Please write to us at: customercare@fingoindia.com for any support/clarifications; In case of any urgent requirements, please feel free to contact us at +919988622226.
We would also love to hear from you on areas where we have done well or where there is a need for improvement.
We would also love to hear from you on areas where we have done well or where there is a need for improvement.
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