• Fintree Finance Loan

    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.

    Features and benefits of availing a loan from Fintree

    • You can avail loans up to Rs.10 lakh
    • Loan tenure ranges from 3 months to 12 months
    • Minimum requirement of documents
    • Quick disbursal of loan amount

    Key industry segments to whom Fintree offers loans

    • Food and beverage
    • Apparel
    • Petrol Pump
    • Groceries
    • Clinic and Labs
    • Hotels
    • Spa and Salons
    • Footwear
    • Home appliances
    • Furniture and home furnishing
    • Automobile dealership
    • Consumer durables and IT
    • Pharmacy
    • Books and stationeries
    • Opticians

    Eligibility criteria Fintree Loan

    The eligibility criteria required to be fulfilled in order to avail a loan from Fintree Finance Private Limited are given below:

    • The minimum business vintage year should be of 1 year
    • Minimum card acceptance history of 6 months
    • Minimum monthly card volume should be Rs.30,000

    Fees and charges

    Particulars Charges
    One-time mandatory charges NA
    Processing fee 3%
    Documentation charges At actuals
    Foreclosure charges 6% of principal outstanding amount after 3 months from date of disbursement
    NOC issuance Rs.500
    Repayment instrument swap Rs.1,000
    Cheque/NACH bounce Rs.500
    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.
    Taxes As applicable
    Penal charges 3% p.m. on overdue amount
    POS charges Rs.12,000 + taxes applicable
    Issue of legal notice Rs.1,000

    How to apply for a loan from Fintree Finance?

    Given below is the process you will have to follow in order to apply for a loan from Fintree Finance Private Limited:

    • Visit the official website of Fintree Finance.
    • Click on ‘Apply Now’.
    • Fill the application form by entering the necessary details.
    • Upload the necessary documents as requested by the lender.
    • Once the documents have been verified, the required loan amount will be disbursed to your account within 72 hours.

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