Fintree provides loan against digital payments to those who wish to avail capital in order to grow their business. You can avail loan from Fintree in the form of credit or debit card swipes that takes place at the point of sale (POS) machines at merchant outlets allowing the merchants to move towards financial inclusion.
The eligibility criteria required to be fulfilled in order to avail a loan from Fintree Finance Private Limited are given below:
|One-time mandatory charges||NA|
|Documentation charges||At actuals|
|Foreclosure charges||6% of principal outstanding amount after 3 months from date of disbursement|
|Repayment instrument swap||Rs.1,000|
|Recovery and collection fees||Rs.2,000 for PDC -ECS Bank account change and new PDC/ECS. Charges levied by recovery agents including 3% of outstanding amount as collection fees.|
|Penal charges||3% p.m. on overdue amount|
|POS charges||Rs.12,000 + taxes applicable|
|Issue of legal notice||Rs.1,000|
Given below is the process you will have to follow in order to apply for a loan from Fintree Finance Private Limited:
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.