Paperless
No salary slip. No PDF. Your credit report is the paperwork.
The documents a personal loan used to need, salary slips, bank statements, a photocopy of everything, existed to prove what your credit report already says. Finsa reads the report instead, with your consent and one OTP, and shows you what RBI-regulated lenders will actually offer. The only paper is at signing, and it is the lender's own e-KYC.
Finsa's fee: ₹0. No processing fee, no fee of any kind. Whatever the lender charges is on its Key Fact Statement before you sign.
In short
A paperless personal loan through Finsa needs no documents to see your offers: you consent, complete an Equifax OTP, and RBI-regulated banks and NBFCs price the loan from your report and the take-home you declare. Documents appear only at signing, as the lender's own e-KYC, and Finsa is not a lender and charges no processing fee and no fee of any kind.
How it works
- 01
Consent and one OTP
That is the whole application on Finsa's side. Checking is free and is a soft enquiry, so it never affects your credit score.
- 02
The report does the talking
Every loan, card, EMI and enquiry on your Equifax file, read once, is what the lenders price from. Nothing to scan, nothing to upload.
- 03
Offers, then the lender's own e-KYC
our lender partners send offers. The one you accept runs its own identity check, usually Aadhaar-based and on your phone, before the money moves.
Questions people ask
- Is it really a personal loan without documents?
- To see your offers, yes: consent, one OTP, and your Equifax report. To sign, the lender runs its own KYC, which for most lenders is an Aadhaar-based e-KYC on your phone rather than paper. A lender may still ask for a bank statement or salary slip if something in the report needs confirming.
- Can I get a personal loan without a salary slip?
- You can see and compare offers without one. You declare your take-home yourself and the lenders price against your report. Whether the lender you choose asks for a slip at signing is its call, and it is stated on the Key Fact Statement.
- Can I get a loan without a bank statement?
- For the offers, yes. Some lenders verify income at disbursal through a statement or an account-aggregator consent, which is also paperless. Finsa never asks for one.
- What is the Equifax OTP?
- Equifax sends a one-time password to your mobile so that only you can authorise a look at your own report. It is a soft enquiry, visible to you alone, and it never affects your score.
- Is my data safe?
- The report is fetched only after your explicit consent and your OTP, it is stored in India, and you can withdraw consent or delete your account and data from inside the app. Nothing is sold and nothing goes to a lender until you choose to apply to one.
- How long does a paperless personal loan take?
- The check is minutes: consent, OTP, offers. After you accept one, the lender's e-KYC and disbursal are its own timeline, which for the faster NBFCs is the same day and for banks can be a few days.
- Does Finsa only do fresh loans, or consolidation and top-ups too?
- All three, from the same paperless check. A fresh personal loan, one loan that clears several loans and cards into a single EMI, and a top-up on a loan you already repay each get their own offers from the same report, so you see the option that lowers the monthly total, not only the one you searched for. Combine loans into one EMI →
- Does Finsa charge a processing fee?
- Finsa charges no processing fee and no fee of any kind: the credit report, the offers and the match are free to the borrower. Finsa is paid by the lender on disbursal. Any processing fee of the lender's own is shown on its Key Fact Statement before you sign, and you can compare offers on that.
Apply once, not bank by bank.
Check your credit report free, and let the lenders come to you.
Finsa is a Lending Service Provider, not a bank or an NBFC. We do not lend or set rates — every credit decision, interest rate and fee belongs to the lending partner.
What a loan through Finsa costs
- Tenure
- Repayment runs from 6 months to 60 months.
- Rate
- Lending partners price personal loans from about 9.99% to 24% a year, on a reducing balance. Your rate is set by the lender from your credit profile, not by Finsa.
- Example
- Worked example: on ₹3,00,000 over 36 months at 14% a year, the EMI is ₹10,253 and the total repaid is ₹3,69,118, of which ₹69,118 is interest.
- Fees
- Finsa charges no processing fee and no fee of any kind. A lender's own processing fee, insurance or GST is extra, and each one is stated on the Key Fact Statement you get before signing.