You can borrow through finzy if you:

• Are an Indian national with identity proof and address proof
• Are at least 18 years old
• Have take home salary of more than Rs 25000 or an annual business income of at least 5 lakhs per annum

A finzy loan can be acquired in 3 simple steps:

1. Submit your loan application on finzy in as little as 5 minutes. You would need your PAN card, proof of your residential address, recent photograph and income documents.
2. Team finzy will analyze your application and give you a loan decision within 1 business day, subject to all documents being in order. We will indicate to you the loan amount and rate of interest that you would need to pay.
3. Upon your acceptance of loan terms, your requirement would be listed on finzy. Only approved Investors will be able to see your requirement. Typically, your requirement would get funded from Investors in a few minutes to a few hours. We will complete the loan document signature process thereon and directly fund your bank account.

We would require soft copies of the below documents if you are a salaried individual

• Pan card
• Current address proof (see Question 4)
• 3 months salary slip as on date
• 3 months bank statement as on date
• Previous year ITR/Form 16
• Recent photograph

If you are self-employed then soft copies of the below documents are required

• Pan card
• Current address proof (see Question 4)
• 6 Months bank statement as on date
• Previous two years ITR
• Recent photograph
• 6 months current account statement (only if savings account does not contain income details)
• Government provided business proof (only if a current account statement is being submitted)

You can submit any of the following documents as your current address proof:

• Masked e-Aadhaar
• Driving License
• Passport
• Voter ID
• Electricity bill (< 3 months old)
• LPG bill (< 3 months old)
• BSNL/MTNL landline bill (< 3 months old)

finzy strives to reduce the turnaround time in funding your loan requirement. As part of that attempt, we need only soft/digital copies of your documents at the time of registration.

We offer loans from ₹ 25,000 to ₹ 5,00,000 for tenures of 6, 12, 24 or 36 months. Your credit rating will determine the rate of interest you will pay on your finzy loan and possible tenures that you can avail. The rate of interests at finzy start at 10.99% and go up to 27.99%.

Interest rates varies across borrowers based on their individual credit assessment derived from our proprietary and scientific Finzy Credit Algorithm.

We offer 36 months as the default tenure, this reduces your monthly EMI and gives you more flexibility with your monthly cash-flow. However, you may also choose a tenure of 6, 12, or 24 months. Your credit assessment will determine the tenure you can avail. If you have applied for a loan through finzy’s partners, you might be eligible to get a loan at a non-standard tenure.

In any case, you have the flexibility to partly or fully prepay without incurring any early prepayment penalty. Please note that you can prepay on any day of the month except between 1st and 10th of the month.

finzy does not charge registration fees. A loan processing fee is charged at the time of disbursal of your loan. The fee is a percentage of the amount disbursed and may vary based on your finzy Rating:

The Objective of the credit assessment process is to assess borrowers on a wide range of parameters using our proprietary and scientific Finzy Credit Algorithm to ensure Right Borrowers are verified and loans are sanctioned.

Basic Qualifying Criteria

• Applicant should 18 years of age or above
• Should be an Indian National with valid address and ID proof
• Should have a steady Income (Rs 35000 or more in case Salaried or an annual business income of at least 5 lakhs in case Self-Employed)

Step 1: KYC Re-validation

At this stage the documents which has cleared the KYC stage and moved for Preliminary Credit Decision stage are re-validated.

Step 2: Detailed Credit Decision Stage

This stage involves a detailed analysis on the below parameters

• Demographic Information
• Income and Employment Details
• Savings and Investment Patterns
• Analysis of committed and Voluntary Expenses
• Leverage Ratios
• Past repayment track record
• Analysis of utilisation of credit lines
• Social Media Activity
• Field verification and Database checks

Basis the above analysis the final rating is populated by the proprietary finzy credit algorithm which decides the loan amount and Rate of interest.

Step 3: Customer Communication and Sanction

Customers are out-called and communicated on the Loan offer followed by a Sanction letter to the registered Email ID which has complete information on the Loan amount, Approximate monthly EMI, processing fees and GST charges. The loan gets listed on the platform once the same is accepted.

A credit score is typically a number from 300-900 which is an indicator of an individuals “probability to repay”. This is calculated largely based on historical loan repayment track record.

A score of 750 and above is considered a good score. and people with a good credit score tend to get approved faster for loans and get a better interest rate.

If you have a low credit score, it is probably because you may have delayed credit card repayments (even one or two defaulted payments can affect your score), or missed a loan payment. A low credit score doesn't mean that you can’t apply for a loan, but the interest rates on the loans offered can have harsher terms and higher interest rates.

As per our policy we would conduct a credit history check. While most of the banks and NBFCs in India tend to focus on credit score as the most important parameter in their credit underwriting process, we at finzy have worked out a credit algorithm which takes into account your historical repayment track record and not the credit score.

We lend sizable weightage to several other parameters to assign a finzy score to your credit application. Hence we offer proliferation of credit by serving both served and under-served customers.

No. At finzy we do a soft check and this does not impact your credit score.

CIBIL (TransUnion CIBIL) is not the only company that provides a credit score. There are three other large credit bureaus that evaluate your ‘credit-worthiness’, namely Equifax, Experian and High Mark.

finzy uses the Equifax report to analyse the credit history.

finzy uses scientific approach to analyze repayment capacity of every Borrower. We study multiple factors of each Borrower across income details, amount of existing commitments and leverage, past loan repayment track record and several other related parameters. Based on these inputs, we arrive at finzy Rating using our proprietary credit algorithm and linked to each level of rating is a rate of interest. finzy Rating ranges from A1 to C6, with A1 being most credit worthy and C6 being riskiest credit rating.

Your contact details, your address or your photograph is not revealed to investors at the listing stage. However, RBI requires us to share your name and certain demographic information to the investor during the listing stage.

Your loan requirement is funded only by registered Investors. Minimum 5 (five) investors would be investing in your requirement. finzy takes care of all the documentation, collection and co-ordination activities. For you, finzy remains the point of contact for any requirement with respect to your loan.

Interest calculations are on reducing balance basis. Interest is applicable only on the outstanding amount.

Every month an EMI amount would be debited from your account electronically. You just need to ensure that adequate funds are maintained in your bank account.

No. The EMI date is fixed and the same would be debited from your bank account on the 5th of every month.

Any delay or default of EMI would impact your capacity to borrow in future.

We would levy penal charges and delayed payment fees as follows:

finzy fee component (variable that keeps changing every 30 days) + Penal charges component (Variable that changes based on the outstanding principal amount and the number of days of delay)

For example, a person with a loan amount of ₹ 2,00,000 whose EMI is overdue by 40 days will have to pay a finzy fee of ₹ 1000 and a penal fee of ₹ 2400 (60*40) along with his regular EMI.

We have tie ups with bank recognized collection agencies across the country, in case of continued default, these agencies would approach you for collecting the outstanding principal, interest and penal charges. You may also have to face the consequences of legal proceedings and your details might be reported to credit information companies and various defaulter databases.

Yes, you can repay your loan early without incurring any early repayment penalty. You can either choose to foreclose the loan by repaying the entire outstanding amount or reduce the EMI by prepaying a part of the outstanding amount. Part prepayment shall be in multiple of Rs 1,000/- with a minimum of Rs 5,000/-. In order to prepay your loan, please write an email to support@finzy.com. Please note that you can prepay on any day of the month except between 1st and 10th of the month.

Once a borrower registers and uploads the required documents the credit assessment team takes about 24 working hours to evaluate the borrower and provide the decision on the amount of loan and Rate of interest. Once the borrower accepts the offer the same is listed on our platform which will be invested by multiple verified investors.

Once a loan is listed and filled by investors a representative from Finzy would visit you to complete the documentation.The borrower will have to sign a tripartite Loan Agreement form, Demand Promisory Note, NACH Mandate and provide 3 undated cheques in the name of Bridge Fintech Solutions Pvt Ltd. On receipt of these documents the loan will be disbursed from the Lender Escrow account to the borrower savings account.

The amount will be disbursed after deducting the processing fees and GST charges.

Our representative will collect following documents before disbursement of loan:

• Loan Agreement
• 3 (Three) post dated cheques (PDCs)
• Demand Promissory Note
• National Automated Clearing House (NACH) registration mandate

Post dated cheques are used in the event your electronic EMI mandate is not setup properly or we need to recover loan amounts which have been outstanding and overdue. These cheques are in name of Bridge Fintech Solutions Private Limited, parent company of finzy. Do not worry, we at finzy ensure that your cheques are not misused in any way.

If you wish to cancel your NACH mandate or transfer it to a different bank account, please get in touch with us at support@finzy.com or call us on 9341 300 300.

Multiple loans is an exclusive feature for our customers who have maintained an excellent borrowing track record on finzy. This feature allows our customers to access loans from finzy multiple times while their current loan and its terms remain unchanged.

• Flexibility & Power: to access Loans from finzy multiple times while your current loan and its terms remain unchanged
• Better terms : As a reward for your track record, you can get loans at your earlier or probably even better interest rates
• Easy access : As a privileged Customer, you get your loans processed faster with updated documents
• The entire process of documentation is now 100% digital, giving you the convenience to access loans with our zero physical contact initiative

Multiple personal loans are available to our privileged customers who have:

1. Remained responsible in paying their EMIs on time
2. Prepaid and closed their loans
3. Paid and completed the loan tenure
4. Had a finzy loan sanctioned in the past but chose not to avail the loan for various reasons

We strive to keep the terms of the new loan either at par with or better than the old/current loan with Finzy. Terms of new loan will be a result of your:

• Track record with finzy
• Current income and leverage status
• Track record with other financial institutions

We have some of your information already in our records. We would request you to revalidate some of this and resubmit your address proof and income documents to help us offer you the best loan terms

At this point, we limit the cumulative loan amount (including your existing loan) to Rs 5 lacs from finzy. As we move ahead, we intend to extend this limit to Rs 10 lacs which happens to be the regulatory limit from RBI

finzy offers collateral free loans. In the event of continued default, documents collected above serve as security to initiate criminal proceedings under Indian legal system.

finzy reserves the right to decline a loan application in case of insufficient credit worthiness. As per our credit verification process, incomplete documentation in accordance with finzy policy, unsuccessful document verification, submission of incorrect information deliberately to cheat the finzy systems and processes, are reasons to decline loan applications.

Yes. If you have registered as a borrower on finzy, then you can also register as an investor, irrespective of what stage your loan application is in. However, you will not be allowed to invest in your own loan.

The domain name www.finzy.com and brand name finzy, is owned and operated by Bridge Fintech Solutions Private Limited, a private limited company incorporated under the Companies Act, 2013 with its registered office at, L&T Crescent Bay, T-5, 2002, Jerbai Wadi Road, Parel, Mumbai 400 012, Maharashtra, India.

You can invest through finzy if you:

• You’re a tax paying Indian resident with identity proof and address proof
• If an individual, are at least 18 years old
• You have annual income is more than ₹ 3 Lakhs or networth is more than ₹ 10 Lakhs

A borrower needs to be:

• Indian national with identity proof and address proof
• at least 18 years old
• earning take home salary of more than Rs 25000 or an annual business income of at least 5 lakhs per annum.

You can invest in a finzy loan in 4 simple steps:

1. Register yourself as an Investor on finzy in as little as 5 minutes. You would need your PAN card, proof of your residential address and recent photograph
2. Team finzy will quickly verify your KYC and approve your registration as an investor.
3. You need to set up your pre-investment wallet at finzy by transferring the amount you wish to invest.
4. You will get access to listing of loan requirements of borrowers. You can choose to screen individual loans and invest manually or you can invest at a click through our auto Invest option.

You can transfer money to your finzy wallet via the unique Virtual Account Number assigned to to your finzy investment account. Your Virtual Account details are available on your dashboard.

To add money to your wallet - Add the Virtual Account Details as a beneficiary in your bank account and make a transfer. Once you make a successful transfer, the amount will start reflecting in your wallet. You will also receive an email confirmation.

A virtual account is a unique account number created and assigned to each lender. This is done in order to differentiate each lender’s payments. The Virtual Account in turn is linked to the lender escrow account. Please note that a Virtual Account ID is specific to a PAN number and finzy investment account.

We have a minimum threshold of ₹ 50000 only for your first investment, after which you can top-up your wallet and create portfolios with a minimum size of ₹ 5000 in multiples of ₹ 1000. Each of your investments will have standard tenure of 36 months. In some cases, there might be some loans available with a non standard tenure. Tenure of each loan can be viewed in the borrower details. Based on the RBI master directions, there is an upper limit of ₹ 50 Lakhs that can be invested across all P2P lending platforms.

Manual Invest allows you to review details of all available loans and choose the precise amount of investment in each loan to create your own portfolio.

finzyPro+ adopts a predefined logic to allocate your fund across Multiple loans. It tries to build a balanced portfolio of loans without taking excessive risk. All fund allotments are finalised for investment only after investor approval.

We also allow for a combination of manual and finzyPro+ within portfolios, called Hybrid Invest.

Our manual invest capability allows you to hand-pick loans that are listed on the platform. However in case there are not enough loans to match your investment amount you can pick the loans that you like and choose to invest the remaining portion of the money via the finzyQ. Every time a new loan is listed on the platform, finzyQ will check if this loan is suited for you. Our proprietary algorithm will pick loans to allocate without you visiting our platform.

Since you would have manually selected one or more loans already in your portfolio, the algorithm takes into account the following criteria when selecting a loan for you:

1. Ensures that the loan is not very high-risk - So the algorithm will not pick any loans that belong to the C Category.
2. Ensures diversification – For portfolios above ₹ 10,000, it will invest only 20% of the loan amount or 10% of the total portfolio or the amount remaining to be funded in the loan, whichever is lower.
3. Ensures that you do not invest in the same loan more than once.
4. Ensures that the total investment in a single loan is not more than lowest of the three:
   • Dynamic cap amount which varies based on portfolio amount and finzy Rating of the loan
   • Maximum amount as determined by 10% of the portfolio amount or 20% of the loan amount, whichever is lower
   • ₹ 50,000

If the loan matches the criteria, it will allot the portion of amount as an investment.

You will receive an email confirming the allocation along with the details of the loan and the borrower. You will have a choice to remove the allocation from this specific loan by sending an email to finzy or by simply reversing it from your dashboard within a stipulated time, we will remove the allocation and find a replacement loan for you. If you accept the allocated loan, you are all set and need not take any action.

finzy uses scientific approach to analyze repayment capacity of every Borrower. We study multiple factors of each borrower across income details, amount of existing commitments and leverage, past loan repayment track record, employment details and several other related parameters. Based on these inputs, we arrive at finzy Rating using our proprietary credit algorithm. Linked to each level of rating is a rate of interest. finzy Rating ranges from A1 to C6, with A1 being most credit worthy and C6 being riskiest credit rating.

We take care of your money by ensuring that your investment is split across Multiple loans. You need to have minimum of 5 loans in your investment portfolio. Higher the number of loans in a portfolio, lower the credit risk.

To safeguard you from excessive exposure on any one loan, we restrict investment in one loan only once.

If a borrower has an excellent repayment track record on finzy, they would have the option of applying for a new loan on finzy. This would be in addition to the loan they already have on finzy.

An investor would be allowed to invest in this new loan that is listed on the platform, however finzy ensures that your total investment in a borrower does not exceed the RBI specified limit of INR 50,000.

Credit risk of investment lies with investor. finzy helps you understand and manage the risk by assigning appropriate finzy Rating to every loan and ensuring diversification of your investment.

finzy is a digital marketplace to connect investors and borrowers. We do not guarantee any rate of return or return of investment amount. We provide information for you to understand the risk and all returns are purely based on your investment decisions.

finzy does not charge registration fees or any fees at the time of investment. We levy a nominal 2% fees plus GST for the amount of funds collected from borrowers. So we earn a small fees, only when you make money.

Investor ROI (Return on Investment) is calculated using Internal Rate of Return (IRR) method at Finzy. Internal Rate of Return (IRR) is a measure of an investment’s rate of return. This takes into account the timing and quantum of cash inflow and outflow such as to make the Net Present Value (NPV) of cash flow 0. Investor ROI displayed to investors is the net IRR which is post finzy fee of 2% of EMI Amount earned + 18% of GST on finzy fee.

Investor ROI is a function of two primary parameters:

1. Rate of Interest of a loan: This is based on the Finzy Rating of loans, riskier loan exposures are compensated by higher interest rate.
2. Periodicity of Interest Payment: Loans with frequent payment frequencies will have higher IRR. At annual interest frequency Rate of Interest of a loan is the same as IRR, whereas IRR is much higher for a loan with monthly interest periodicity. At Finzy, we have monthly periodicity of payments.
   For example:
   

   Description	ROI
   Rate of Interest	15.99%
   IRR at annual interest payment frequency	15.99%
   IRR at monthly interest payment frequency (for Finzy Loans)	17.22%
   Net IRR post finzy fee of 2% of EMI Amount earned + 18% of GST on finzy fee) at monthly interest payment frequency	14.51%

   Net IRR is also influenced by original tenure of the loan and prepayments, if any.

At Finzy, Rate of Interest of a loan will always different from Investor ROI, because of:

• Monthly periodicity of EMI of Finzy Loans
• Investor ROI displayed is net IRR i.e. IRR less finzy fee of 2% of EMI Amount earned + 18% of GST on finzy fee.

Below is depiction of how rate of interest of a loan is different from Net IRR, Standard 36 months tenure

*Numbers would vary depending on the disbursement date

You might see a difference in Investor ROI from the time of portfolio creation to disbursal of loan because of difference in assumed and actual disbursal date.

Borrowers provide following documents for us to assign finzy Rating to the loan

• Complete KYC document including your most recent photograph
• Demographic Information
• Bank Account Statement
• Salary Slips
• Income Tax Return or Form 16

In addition of above, we also take a report on entire repayment history of a Borrower from Equifax Credit Information Services Private Limited, a registered Credit Information Company.

Borrowers provide following documents before disbursement of loan:

• Loan Agreement
• 3 (Three) post dated cheques (PDCs)
• Demand Promissory Note
• National Automated Clearing House (NACH) registration mandate

You would see following details to assess credit risk of borrower:

• Amount of Loan
• finzy Rating
• finzy Score
• Gender
• Age
• Marital Status
• Educational Qualification
• City of Residence
• Employment Sector
• Number of years of experience
• Net Monthly Salary/Annual Income
• Existing Loans
• Existing EMI

Borrower’s identity or borrower’s photograph is not revealed to any investor at the listing stage.

Borrower’s do not have an option to select their investors. Matching of borrower and investor is anonymous process.

We take care of collection and reconciliation. You will receive one consolidated electronic entry in your bank account on EMI date for regular payments. Loan level details will be updated in Investor dashboard.

All investors in a loan are treated equally. Any EMI or principal repayment received from borrower is distributed only on basis of proportion of investment in that loan.

Investments are repaid on monthly EMIs and investors cannot ask for prepayment from any borrower.

Please check if your finzyBolt preference is ON. You will not be able to create any portfolios from the investor dashboard when you have opted for finzyBolt. If you wish to transfer funds and create portfolios yourself, you can switch off finzyBolt anytime from your preferences here and then transfer funds.

On part or full prepayment of a loan by a Borrower, the funds will be divided and repaid to the investors on basis of proportion of investment in that loan.

Funds are disbursed to borrower only after execution of loan documents. Your funds start earning interest after disbursal of loan.

Commitment to invest in a loan cannot be withdrawn or cancelled.

You would have the flexibility of transferring balance uncommitted funds in your wallet back to your own registered account only.

finzy has appointed a large scheduled commercial bank as Escrow Bank with transaction access only to a SEBI registered trusteeship company. finzy doesn’t keep any control of investor’s money to itself.

We provide you detailed overview of loan level and portfolio level information in your online dashboard. You can also monitor the EMI receipts and also give your consent to loan agreements online from different tabs on your dashboard.

You start earning monthly returns in form of EMI from the very first month of your investment. EMIs get credited into borrower escrow account between 5th and 10th of every month. We transfer your consolidated EMI on 11th of the month. If 11th falls on a bank holiday, EMI amount is credited on next working day. For EMIs collected on and after 11th of the month, EMIs are credited to your account on next working day. Please note that neither you nor finzy earns any interest for overnight balance maintained in borrower escrow account.

All interest amounts earned through the investments at finzy are subject to income tax as per the prevailing regulations.

Any delay or default of EMI would impact the borrower's capacity to borrow in future.

We would levy penal charges and delayed payment fees as follows:

finzy fee component (variable that keeps changing every 30 days) + Penal charges component (Variable that changes based on the outstanding principal amount and the number of days of delay)

For example, a person with a loan amount of ₹ 2,00,000 whose EMI is overdue by 40 days will have to pay a finzy fee of ₹ 1000 and a penal fee of ₹ 2400 (60*40) along with his regular EMI.

We have tie ups with bank recognized collection agencies across the country, in case of continued default, these agencies would approach the borrower for collecting the outstanding principal, interest and penal charges. The borrower may also have to face the consequences of legal proceedings and their details might be reported to credit information companies and various defaulter databases.

The collections agencies charge fees as a percentage of collection amount. This percentage differs from case to case depending on the time and effort taken. We would proportionately transfer the entire collected amount net of collection agent fees to all the lenders.

Yes. If you have registered as an investor on finzy, then you can also register as a borrower irrespective of the status of your investments. However, you will not be allowed to invest in your own loan.

Yes, a private Company can become an Investor on finzy platform. The Company official completing the registration on finzy needs to fill in the details of the company along with the required documents.

Documents required to complete KYC for an organization:

PART-A

1. MOA + AOA of Company (Memorandum of Association & Article of Association)
2. COI of Company (Company of Incorporation)
3. PAN of Company
4. Address Proof in the name of Company
5. Board Resolution for authorized signatory on the letterhead (format can be provided by our support team)

PART-B

KYC for the authorized signatory:

1. PAN of authorized signatory
2. Aadhaar of authorized signatory
3. Recent Photo of authorized signatory

For any assistance please get in touch with us at 9341300300 or support@finzy.com.

Yes, individual investors can surely register a beneficiary. Simply fill in the nomination form during registration or you can change nominee details from your dashboard by clicking here.

You can invest in finzy if you are an Indian resident holding a PAN card and valid address proof document issued by Government of India. Your annual income should be more than ₹ 3 lakhs or net-worth more than ₹ 10 lakhs to invest in finzy. At present, regulations in India do not facilitate non-residents to invest through P2P lending platforms in India. You may, however, experience finzy through one of your family or friends resident in India.

Since present regulations in India do not facilitate non-residents to invest through P2P lending platforms in India, we would request you not to invest any further amounts through your finzy account till you become resident Indian again. Your current EMIs would continue to be credited to your registered bank account.

In such an event, we would request you not to invest any further amounts through your finzy account. Also, we request you to update your Reinvestment Pro preferences to not to reinvest any part of EMI and prepayments. Same would be credited to your registered bank account.

The domain name www.finzy.com and brand name finzy, is owned and operated by Bridge Fintech Solutions Private Limited, a private limited company incorporated under the Companies Act, 2013 with its registered office at, L&T Crescent Bay, T-5, 2002, Jerbai Wadi Road, Parel, Mumbai 400 012, Maharashtra, India.

finzyPRO+ is our scientific algorithm to allocate your funds in loans wihtout you visiting our platform.

It allows you to further diversify your investments granularly across loans. This proprietary logic also balances the risk and returns in line with your your custom risk preferences.

finzyPRO+ portfolios can be created at a click of a button within 3 seconds. We take care of your money by ensuring that your investment is split across Multiple loans.

finzyPRO+ offers following distinct advantages:

• Quick and easy – create your portfolio in less than 3 seconds
• Diversified portfolio – we ensure that your investment is split across loans
• Optimised risk – our finzyPRO+ algorithm selects the loan to offer you optimized balance of risk and return
• You get benefits of finzyQ
• Get access to best loans as soon as they are listed
• Your money works harder and faster
• Do not need to login multiple times to manually select loans

finzyPRO+ is our proprietary logic to allocate loans without you visiting our platform. It takes into account the following when selecting loans:

1. Ensures that the loan is not very high-risk - So the algorithm will not pick any loans that belong to the C Category.
2. Ensures diversification – For portfolios above ₹ 10,000, it will invest only 20% of the loan amount or 10% of the total portfolio or the amount remaining to be funded in the loan, whichever is lower.
3. Ensures that you do not invest in the same loan more than once.
4. Ensures that the total investment in a single loan is not more than lowest of the three:
   • Dynamic cap amount which varies based on portfolio amount and finzy Rating of the loan
   • Maximum amount as determined by 10% of the portfolio amount or 20% of the loan amount, whichever is lower
   • ₹ 50,000

Once finzyPRO+ finds the loans that suit you, we display these loans to you so that you can review them.

If finzyPRO+ does not find enough loans to match your portfolio amount, you may choose to invest the remaining money through finzyQ.

Every time a new loan is listed on the platform, finzyQ will check if this loan is suited for you by applying the same logic as listed above. If the loan is suited, it will allot the portion of amount.

You will receive an email confirming the allocation along with the details of the loan and the borrower. You will have a choice to remove the allocation from this specific loan by sending an email to finzy or by simply reversing it from your dashboard within a stipulated time, we will remove the allocation and find a replacement loan for you. If you accept the allocated loan, you are all set and need not take any action.

finzyPRO+ is designed to select best loans in your portfolio. You can however choose the loan rating categories that you would want finzyBolt to invest in by setting the “finzyPRO+ Master Rating Preference”

You can also use finzy Manual Invest to create your own portfolio using your own assessment and judgement.

By default, your master rating preference will be used to show you loans while creating a finzyPRO+ portfolio. However, you can change the rating preference to customise each finzyPRO+ portfolio in line with your risk appetite.

Changing your preference while creating a finzyPRO+ portfolio will find loans only in the selected rating categories. This preference will only be applicable to the individual portfolio and each finzyPRO+ portfolio can have a different rating preference.

finzyPRO+ offers return ranging from 10.99% per annum to 21.99% per annum depending upon availability of loans across finzy Ratings.

We will soon launch a feature whereby you would be able to invest across finzy designed portfolios and also customize your own portfolio.

Before you begin investing you would need to transfer funds to Lender Escrow Account (details available in finzy wallet tab on your dashboard) and notify finzy at support@finzy.com with following details.

Your PAN number, Amount transferred, Transfer Date, Transfer mode: RTGS, NEFT, IMPS or Cheque, Electronic transfer reference number or cheque number.

For your first investment, you will need a minimum of INR 50,000 in your finzy wallet to invest using finzyPRO+. After this initial investment, you will need a minimum wallet balance of INR 5,000 to use finzyPRO+. Reinvest-Pro returns are exempt from this; all funds in reinvested portfolios are automatically allocated using finzyPRO+. There is no upper limit for investments, aside from the RBI imposed INR 50 lakhs cap for investment across all P2P platforms.

In case we are unable to invest all your money online through finzyPRO+. We keep good to our promise to select right loans and park your requirement in finzyQ. Here we invest in the right loans as and when they get listed.

We keep you informed at every stage of investment cycle. We will send SMS and email notifications to you at every stage. We will send consolidated day end SMS and email to you for funds invested in a day. You can also log into your dashboard at www.finzy.com to check the status of investment.

finzyQ follows the logic of first in first out (FIFO). So sooner you commit your funds, earlier you stand chance to start earning interest.

Your funds start earning interest only after successful disbursement of loan. On an average there would be a time lag of 3 to 5 days between you transferring funds to you starting to earn interest on your funds.

finzy has appointed a large scheduled commercial bank as Escrow Bank with transaction access only to a SEBI registered trusteeship company. finzy doesn’t keep any control of investor’s money to itself.

For lenders:
finzy does not charge registration fees or any fees at the time of investment. We levy a nominal 2% fees plus GST for the amount of funds collected from borrowers. So we earn a small fees, only when you make money.

For borrowers:
finzy does not charge registration fees. A loan processing fee is charged at the time of disbursal of your loan. The fee is a percentage of the amount disbursed and may vary based on your finzy rating as explained here

Any delay or default of EMI would impact your capacity to borrow in future.

We would levy penal charges and delayed payment fees as follows:

finzy fee component (variable that keeps changing every 30 days) + Penal charges component (Variable that changes based on the outstanding principal amount and the number of days of delay)

For example, a person with a loan amount of ₹ 2,00,000 whose EMI is overdue by 40 days will have to pay a finzy fee of ₹ 1000 and a penal fee of ₹ 2400 (60*40) along with his regular EMI.

We have tie ups with bank recognized collection agencies across the country, in case of continued default, these agencies would approach you for collecting the outstanding principal, interest and penal charges. You may also have to face the consequences of legal proceedings and your details might be reported to credit information companies and various defaulter databases.

finzy does not levy any part/full prepayment fees. Please note that you can prepay on any day of the month except between 1st and 10th of the month (both days inclusive). Part prepayment shall be in multiple of Rs 1,000/- with a minimum of Rs 5,000/-.

The referral program is valid from 23rd of October 2019 to 31st of March 2024.

You can refer both investors and borrowers to the platform. There are only 3 criteria to consider:

1. They are above 18 years of age.
2. They are Citizens of India.
3. They are not already registered with finzy.

Once you register as an investor or a borrower on finzy you can start referring other users. However if you have been introduced to finzy by a financial advisor / institution, you will not be eligible to refer other user.

Once you register as an investor or a borrower, you would receive an email and an SMS with your personal referral code. You can also view your referral code on your finzy dashboard in the 'Refer & Earn' section. If you have been introduced to finzy by a financial advisor / institution, you will not receive an email and an SMS with your personal referral code. You will not be able to view your referral code on your finzy dashboard in the 'Refer & Earn' section.

You earn referral benefits only when:

1. Investors you have referred have created their first portfolio on or after 23rd of October 2019 and have invested ₹ 1 lakh or more in loans at finzy, or
2. Borrowers you have referred get loan amount greater than ₹ 1 lakh or more successfully disbursed from finzy.

• Funded Borrower is defined as a borrower who has applied for a loan at finzy.com and the loan amount has been successfully disbursed
• Investor is defined as a lender who has created their first portfolio on or after 23rd of October 2019 in loans at finzy.com
• The upper limit for an individual investor is ₹ 50 lakhs investment across all P2P platforms. The maximum loan amount a borrower can apply for is ₹ 5 lakh.
• Referral Plan is limited to only one level of reference.

  Example - If Investor A refers Investor B and Investor C. And Investor B in turn refers Investor D. Investor A’s incentive will be calculated on direct investment of Investor B and Investor C and not of Investor D. Only Investor B will get such incentive for direct investment of Investor D.

We will send you an email every time you cross a cumulative investment or borrowing milestone. You can also get in touch with us at suport@finzy.com to understand the status of your referrals.

Once a cumulative investment or borrowing milestone is achieved, the referral incentive will be paid out to your registered bank account in the following month referral payment cycle.

Don't worry we have you covered. You should receive an email with your personal referral code. Alternately the code is also available on your personal dashboard in the 'Refer & Earn' section.

The current referral program is valid for referrals between the 23rd of October 2019 and 31st of March 2024.
Lender - For all first portfolios created on or after 23rd of October 2019
Borrower - For all loans disbursed on or after 23rd of October 2019
Any referrals before this period will be covered under the previous points based referral program.

Ideally you should ask your friends to enter the referral code when they apply, however if for some reason they have missed this, you can write to us at support@finzy.com and we will assign your referral code to them from the backend after verifying that they meet the necessary criteria.

You earn referral benefits only when the person you refer gets their loan disbursed. However, all loans on finzy go through a credit decisioning process. There are chances that some borrowers may not meet the necessary criteria for finzy to give them a loan. This decision lies solely with finzy. In case where the person you referred does not get their loan disbursed, you can always refer more people and stand a chance to earn more!

Once you invest in loans through one or more investment portfolios on finzy, you begin to receive repayments through the following modes:
1. Regular Monthly EMIs (Which contain both Principal and Interest components)
2. Prepayments (Where the borrower may make a payment in advance to either to repay their loan completely or in parts)

By default, all these repayments are sent back to your registered bank account. However if you wish to reinvest these returns back into new loans, Reinvest-Pro allows investors on finzy to set preferences that allots and reinvests these repayments into new loans on the platform.

Reinvest-Pro allots and reinvests your EMIs and principal prepayments. Here is how it works:

Step 1: Select your Reinvest-Pro preferences on the investor dashboard

The preferences are flexible, you could choose to reinvest the entire EMI and any prepayments that you receive. You could choose to reinvest just the prepayments and continue getting EMIs back to your registered bank account or vice versa. You may also choose to just reinvest only the Principal or Interest component of the EMIs.

Step 2: Based on your preferences finzy helps to allot and reinvest the repayments

When a repayment occurs, based on your preferences finzy will allot and reinvest all or part of the repayments in new loan(s).

We will find loans for you and send you an email about what loans your funds have been allotted in. All these reinvestments will be part of a new portfolio that the system will create called the "Reinvest Portfolio" which will be available to you on the investor dashboard.

Step 3: You receive details of what was reinvested

Every time you receive a repayment, we will send you an email that details what repayment you received and how Reinvest-Pro handled it.

There are some basic rules:

Loans are allotted and reinvested only in multiples of ₹ 1000, so if your repayments are not a well rounded number, then we send the additional amount to your finzy wallet.

In addition, RBI guidelines mandate that an individual investor cannot have a principal outstanding of more than ₹ 50 lakhs across P2P platforms. In case your repayments, if reinvested, breach this mark, then we will send the remaining portion back to your registered bank account.

Reinvest-Pro has the following distinct benefits:

1. You do not need to collate returns from finzy and then create a new portfolio. Reinvest-Pro feature helps you reinvest your returns as you receive them.
2. Reinvesting the returns helps you unlock the power of interest compounding that helps you make your returns work for you.
3. It leads to better diversification, as the returns are invested in Multiple loans, thereby diversifying your investments across more loans with granular exposure.

Some of our investors may wish to continue getting all their repayments back to their registered bank account and not to reinvest the returns. In such case, you can choose your preference to send back the returns to your registered bank accounts (this will be the default preference selected).

As a valued Investor at Finzy, you get access to the Reinvest-Pro feature without any charges or fees.

You can select your desired Reinvest-Pro preferences from the investor dashboard.

When a repayment occurs, based on your preferences finzy will allot all or part of the repayments in new loan and send you an email about which loan we have allotted the funds.

You can also choose the loan rating categories that you would want Reinvest-Pro to invest in by setting the “finzyPRO+ Master Rating Preference”.

We also send you an email with the details of the new loan(s) found as a part of your Reinvest-Pro portfolio, you can review the loans before re-investing and also you get an option to reverse the investment into the allotted loan.

You can select you preferred loan rating categories in the “finzyPRO+ Master Rating Preference”. Only loans from these categories will be picked while creating your Reinvest-Pro portfolio.

This preference will be applied to all Reinvest-Pro portfolios that are created after you save your customisation.

Our Reinvest-Pro preferences are flexible, at any point in time when you want to opt out of reinvesting your returns & take back all your repayments, you can just choose your preference from investor dashboard to send back all your money to your registered bank account.

Each loan allotted and reinvested will carry its own Finzy rating and ROI. Existing ROI of your portfolio or the loan being prepaid would not have any bearing on the ROI of allotted and reinvested loan.

Each time you reinvest in a new loan, that loan would run for its tenure (6, 12, 24 or 36 months, depending on the loan) from the date of disbursement of reinvested loan.

Loans are allotted and reinvested only in multiples of ₹1000, so if your repayments are not a well rounded number, then we send the additional amount to your finzy wallet. In addition, RBI guidelines mandate that an individual investor cannot have a principal outstanding of more than ₹50 lakhs across P2P platforms. In case your repayments, if reinvested breach this mark, then we will send the remaining portion back to your registered bank account.

Please note that neither you nor finzy earns any interest for overnight balance maintained in escrow account. You have an option to request for transfer of any funds in the wallet to your registered bank account.

Every time you receive a repayment for which you have chosen the option to reinvest, we will send you an email that details what repayment you received and how Reinvest-Pro handled it.

We also send you an email with the details of the loan that that were found as a part of your Reinvest-Pro portfolio. Our Investment summary mail and the Returns on investment mail also will have the details about the the Reinvest-Pro portfolio.

We provide an overview of your Reinvest-Pro portfolio on the investor dashboard, where you will find detailed information about loans invested, status of each loan, borrower details & ROI earned from reinvesting your repayments.

We will allot and reinvest only the value such that we restrict your exposure on Finzy to the statutory limit of ₹50 lakhs. Excess money will be sent back to your registered bank account.

finzyBolt is a convenient feature allowing you to allowing you to allocate your wallet funds into the loan(s) without you visiting the platform. Funds can be credited into the wallet from A. money that you transfer from your bank account, B. money sent to wallet during reinvestment or, C. money sent to wallet during a loan closure.

finzyBolt uses our proprietary finzyPRO+ logic to allocate loans without you visiting our platform. There is money in the wallet in excess of ₹1000.

Please note, by switching on finzyBolt, the capability to create portfolios yourself will not be available.

finzyBolt allocate your wallet funds into the loan(s) without you visiting the platform. Here is how it works:

Step 1: Choose to switch on finzyBolt while completing your registration or set it up later on the investor dashboard.

You could choose to allocate funds credited to your wallet by switching on finzyBolt investment preference while submitting your registration form. You can also switch on finzyBolt from the investor dashboard.

Step 2: Based on your finzyBolt preference finzy will allot the funds available in your wallet into loan(s).

When a wallet credit happens, finzy will allot and invest all or part of the funds available in the wallet into new loan(s) in multiples of ₹1000. finzyBolt uses our proprietary finzyPRO+ algorithm. It takes into account the following when selecting loans:

A. Ensures that the loan is not very high-risk - So the algorithm will not pick any loans that belong to the C Category.
B. Ensures diversification – It will invest only 20% of the loan amount or 10% of your portfolio amount, whichever is lower.
C. Ensures that you do not invest in the same loan more than once.
D. Ensures that the total investment in a single loan is not more than ₹ 20,000.

All these investments will be part of a new portfolio that the system will create called the "finzyBolt Portfolio". You can view this portfolio on your investor dashboard.

For finzyBolt investments, the minimum amount that is required in your wallet is ₹1000. If the wallet balance is anything lesser than ₹1000, then the funds won't be invested into loan(s) and will remain in the wallet.

Step 3: You receive details of what was invested

You will receive an email confirming the allocation along with the details of the loan and the borrower. You will have a choice to remove the allocation from this specific loan by sending an email to finzy or by simply reversing it from your dashboard within a stipulated time, we will remove the allocation and find a replacement loan for you. If you accept the allocated loan, you are all set and need not take any action.

There are some basic rules:

Loans are allotted and invested only in multiples of ₹1000, so any balance amount that is not a rounded number remains in the wallet.

In addition, RBI guidelines mandate that an individual investor cannot have a principal outstanding of more than ₹ 50 lakhs across P2P platforms. In case your principal outstanding breaches this mark, from then on any money transferred to wallet from your bank account will not be invested into loan(s).

finzyBolt has the following distinct benefits:

• No need for any manual intervention on transfer of funds to finzy wallet.
• No need to keep track of your idle funds in the wallet. Funds accumulated in finzy wallet adding to ₹1000 or more will trigger new investment.
• Offer more granular distribution by determining a dynamic investment amount which varies based on portfolio amount and finzy Rating of the loan.

You can switch on finzyBolt while completing your investment application. You can also choose to switch it on later on your investor dashboard.

You will not be able to create any portfolios from the investor dashboard when you have opted for finzyBolt. If you wish to transfer funds and create portfolios yourself, you can switch off finzyBolt anytime from your preferences here and then transfer funds.

As a valued Investor at Finzy, you get access to the finzyBolt feature without any charges or fees.

finzyBolt uses our proprietary finzyPRO+ logic which is designed to select best loans in your portfolio. You can also choose the loan rating categories that you would want finzyBolt to invest in by setting the “finzyPRO+ Master Rating Preference”.

In case you want to choose loans yourself, you can use finzy Manual Invest to create your own portfolio using your own assessment and judgement. This capability will be available only when the finzyBolt preference is turned off.

You can select you preferred loan rating categories in the “finzyPRO+ Master Rating Preference”. Only loans from these categories will be picked while creating your finzyBolt portfolio.

This preference will be applied to all finzyBolt portfolios that are created after you save your customisation.

For your first investment, you will need a minimum of ₹ 50,000 in your finzy wallet for finzyBolt to invest in loans. After this initial investment, you will need a minimum wallet balance of ₹ 1,000 to use finzyBolt. There is no upper limit for investments, aside from the RBI imposed ₹ 50 lakhs cap for investment across all P2P platforms.

Every time your wallet is credited and finzyBolt invests into loan(s), we will send you an email with details of your wallet funds that were available and how finzyBolt handled it. You will have a 12 hour window from the time of the email to request for a replacement of the loan allotted with a different loan. If we do not hear from you within the 12 hour window, your investment will be confirmed in the allotted loan.

finzyBolt invests all the funds that come to wallet including transfer from your bank account and credits from closure of an loan. While Reinvest-Pro invests only the EMI interest, EMI Principal and Prepayments from your already invested portfolios. finzyBolt and Reinvest-Pro preferences are independent of each other. You can choose to switch on one or more of the preferences at any given time.

finzyBolt is best suited for investors who have already created finzyPRO+ or finzy Manual portfolios and understand the kind of loan profiles available at finzy platform. finzyBolt works well for investors who want to make their money work without active intervention.