Finnable
Finnable Personal Loan
A salaried-only loan up to ₹10 lakh at a published 16–30.99% p.a., open from ₹15,000 net monthly salary, with no part payments and an unpublished preclosure charge.
- 16% to 30.99% a year
- Up to ₹10 lakh
Rates and charges
- Interest rate
- 16% to 30.99% a year
- Processing fee
- Up to 5% + GST, usually deducted from the loan at disbursal
- Foreclosure
- Allowed after 6 months, with a preclosure charge + GST; Finnable doesn't publish the percentage. Closing the loan in the first 6 months is discouraged.
- Part-prepayment
- Not allowed.
What ₹1,00,000 for 12 months would cost
| At | EMI | Interest | Fee + GST | Total cost |
|---|---|---|---|---|
| Lowest rate (16%) | ₹9,073 | ₹8,877 | ₹5,900 | ₹14,777 |
| Highest rate (30.99%) | ₹9,797 | ₹17,570 | ₹5,900 | ₹23,470 |
Uses the highest published processing fee (5%) plus 18% GST. Try your own numbers in the EMI calculator.
Loan terms and eligibility
- Loan amount
- Up to ₹10 lakh
- Tenure
- 6 months to 5 years
- Who can apply
- Salaried
- Minimum income
- ₹15,000 a month
- Age
- 21–55 years
- Disbursal (lender's claim)
- Loan in 60 minutes, subject to successful verification.
- Who lends
- Finnable Credit Private Limited, Axis Bank, DMI Finance Pvt Ltd, Gosree Finance Ltd, HDB Financial Services, Northern Arc Capital Ltd, Piramal Finance Ltd, Tata Capital, TVS Credit Services Ltd, Utkarsh Small Finance Bank, Vivriti Capital
- RBI digital lending apps directory
- Listed (as reported by the lender)
Apply with Finnable
Apply nowVia our referral partner. We may earn a commission.CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion. The lender decides your rate, amount and approval.
Work out your EMI with Finnable's rates
Prefilled with Finnable's lowest published rate and its highest published processing fee (5%). Change any number to match your offer.
Your loan
- Monthly EMI
- ₹9,073
- Total interest
- ₹8,877
- Processing fee + 18% GST
- ₹5,900
- Total cost of the loan
- ₹14,777
- Effective annual cost
- 27.82%
- Money in hand
- ₹94,100
- You pay back in 1 yr
- ₹1,14,777
Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.
Same loan, different tenures
| Tenure | EMI | Total interest | Total cost (incl. fee + GST) | Effective annual cost |
|---|---|---|---|---|
| 12 months (yours) | ₹9,073 | ₹8,877 | ₹14,777 | 27.82% |
| 24 months | ₹4,896 | ₹17,511 | ₹23,411 | 22.31% |
| 36 months | ₹3,516 | ₹26,565 | ₹32,465 | 20.39% |
| 48 months | ₹2,834 | ₹36,033 | ₹41,933 | 19.41% |
| 60 months | ₹2,432 | ₹45,908 | ₹51,808 | 18.82% |
A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.
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Questions people ask
What interest rate does Finnable Personal Loan charge?
Finnable publishes 16% to 30.99% a year. The rate you're offered depends on your credit score, income and the lender's own checks, and is usually above the starting rate.
What is Finnable's processing fee?
Up to 5% + GST, usually deducted from the loan at disbursal. GST at 18% is added to the fee.
Who actually gives the loan?
Finnable is a lending app. The loan is given by Finnable Credit Private Limited, Axis Bank, DMI Finance Pvt Ltd and 8 others, which are regulated by the RBI. Your Key Fact Statement names the exact lender.
Is Finnable registered with RBI?
The Finnable app is listed in RBI's directory of digital lending apps, as reported by DMI Finance Pvt Ltd. and Axis Bank Limited. The directory shows what lenders report; RBI doesn't vouch for the app. The app itself isn't a lender; the bank or NBFC behind it is regulated by RBI.
Can I close or prepay a Finnable loan early?
Closing early: Allowed after 6 months, with a preclosure charge + GST; Finnable doesn't publish the percentage. Closing the loan in the first 6 months is discouraged. Part-prepayment: Not allowed.
Who can apply for a Finnable personal loan?
Salaried applicants. Minimum income ₹15,000 a month. Age: 21–55 years. Approval is at the lender's discretion.
How much does a ₹1,00,000 loan from Finnable cost?
Over 12 months at the lowest published rate, about ₹14,777 in interest and fees (a 5% processing fee plus GST); at the highest published rate, about ₹23,470. Your EMI depends on the rate you're offered.
Related guides
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- CIBIL Score: Check Free, Improve in 90 DaysCheck your CIBIL score free with one full report a year from each bureau, dispute errors yourself, and build a better score with a 90-day checklist.
- True cost of a ₹1 lakh loan at every lenderInterest, processing fee and GST, side by side
Last verified 18 Oct 2026 on Finnable's official page. Rates and fees change; check the lender's terms before you apply.