Financial Planning

FlexSalary: Information, Eligibility Criteria, Interest Rates, Review & More

FlexSalary

The FlexSalary App is a loan app that is run by an Indian NBFC named Vivify India Finance Pvt. Ltd. The company is registered with the Reserve Bank of India. However, there are not many good reviews regarding the app. However, the app and the company seem legit. Hence, we have dived deep and reviewed the app in this article for you.

This article will consist of a review of FlexSalary, which claim to be one of the “Best instant loan app in India without salary slip.” Furthermore, we will also give you details about the interest rates, eligibility, and other loan-related information. Finally, we have also added some useful customer reviews regarding Flex Salary. Hence, to get fully informed about FlexSalary, read on through to the end of the article.

FlexSalary – What Does It Offer?

FlexSalary – What Does It Offer

FlexSalary is an app where you can get a loan if you are a salaried individual. According to the official website of the company,

FlexSalary is an instant salary advance credit line that covers emergency needs of Indians before they get paid. It aims to aid all individuals who face a mid-month crisis by providing short-term lines of credit loans until they receive their salaries. We offer instant loans from Rs. 4,000 to Rs. 2,00,000 with flexible repayment terms.”

It basically offers a personal line of credit. Even if you do not have a credit history, you will be eligible to get a loan from FlexSalary. If there are people who cannot find any other way to get financing, FlexSalary offers an unsecured line of credit.

Loan AspectsWhat FlexSalary Offers You?
Loan Amount₹ 4000 – ₹ 2,00,000
Loan Tenure10 months to 36 months (Based on the loan applied for)
Rate Of Interest On loans10% to 12% per annum
Loan Processing Fees₹ 650 only (One-time payable only upon Loan Disbursement)
Collateral Or MortgageNo collateral required
Loan Review TimeDepending upon the amount of the loan (may take from 5 minutes to 7 days)
Late Payment Of The LoanUp to 5 %, depending on the type of loan applied for.
Loan RepaymentLoan repayment is made automatically from the provided bank details as per the approved schedule. Repayment should be made through the mobile app of FlexSalary.
FlexSalary Customer Care Number+91-40-4617-5151+919908935151+919100038349
CIN NumberCIN U65923TG2016PTC110767
AddressUnit A, 9th Floor, MJR Magnifique, Survey No 75 & 76, Khajaguda X Roads, Raidurgam, Hyderabad, Telangana – 500008.

Is FlexSalary Safe?

Is FlexSalary Safe

Yes. FlexSalary is fully legit and safe. The website is also safe to use as it is HTTPS-secured and SSL certified as well. However, regarding the customer service of the company, many borrowers of loans have complained. Despite that, as per our experience, we think the app works quite well and is legit. Furthermore, the company has a CIN number, and it is registered through the Reserve Bank of India.

When Can Flex Salary Comes To Rescue?

There are certain circumstances where flex salary comes to the rescue. You need to get through the possible solutions that can make things easier for you. You need to follow certain steps that can make things easier for you to attain your requirements with ease.

1. Don’t Have Collateral 

Flex salary will offer you unsecured lines of credit loans. You do not have to pledge to your assets if the collateral gets approved for your loan. You need to get through the complete process that can develop things in perfect order.

2. If Your CIBIL Score Is Low

Flexsalary will not focus on your CIBIL score to provide you with the loan you need in times of crisis. If you have a low CIBIL score then you must go through the best flex salary options to meet your requirements with ease.

3. Need An Emergency Cash  

If you are facing a medical emergency and you need the loan on an immediate basis, then you must consider using Flex salary. You need to identify the perfect solution that can make things lucid for your business development.

4. Loan Is Rejected By Banks 

If you have low income, bad credit history, and banks have rejected your loans, then Flex salary can be the best option for you. Flex salary will offer you loans at times of crisis. You do not have to pay any kind of interest to get these loans.

5. Don’t Want To Pay Excess Interest  

If you are afraid of bearing the higher interest rates on your loan, then Flex interest loan amounts can be one of the best options for you. If you do not use money, you do not have to pay the interest.

6. If You Need A Loan For A Lifetime

Flex salary personal line of credit you can receive for a lifetime. Your credit limit gets filled up once you pay back the withdrawn amount. It works almost like that of a credit card. You need to identify the perfect solution that can make things easier for you.

Can You Get An Instant Personal Loan For Your Marriage From Flex Salary?

Yes!! You can receive an instant personal loan for your marriage when you opt for the flex salary. If you have an urgent need for cash in order to meet your marriage-related expenses, then Flex salary can be of great help to you.

You will get the help for money within a few hours. It can help you to get the desired amount of money for a personal loan when you need it the most from your endpoints.

How To Do FlexSalary Login? – Steps To Follow

How To Do FlexSalary Login_ – Steps To Follow

The following are the steps through which you can apply for a loan through FlexSalary:

Step 1: Visit their official website and click on “Apply for an Instant Loan.”

Step 2: You will get a form on the next page, which you will need to fill out and add information into. Add all the documents required to get a loan from the FlexSalary platform.

Step 3: There are various verification processes available. You can either apply for Net Banking Verification or you can upload the documents on your own.

Once you upload the documents, they will verify your credentials and will tell you what you are eligible for. Through the app, it is almost the same. All you need here is to download the app and register your account with it.

FlexSalary – Eligibility Of The Loan

Loan RequirementsEligibility
Age Of the Borrower22 to 60
FlexSalary Credit ScoreDepends on the type of loan applied for.
Type of EmploymentSalaried professionals only.
Minimum Monthly Income₹ 8000 (However, it can change depending on the loan amount applied for)
Work ExperienceWork experience requirements depend on loan terms and amounts. 
Required Documents1. Salaried Employees- Identity Proof (Aadhaar / Driving License / Passport / Voter ID) – PAN card – Address Proof (Driving License / Utility Bills / Aadhaar / Passport / Bank Statements / Voter ID) – Last three months Pay Slips – Photo with the applicant’s face clearly visible. (The applicant will be prompted to take a selfie or upload a photo while applying for a loan through the FlexSalary mobile app) – Net banking verification to validate the bank account and salary information of the applicant 
2. Self-Employed Individuals- No loan is allowed for self-employed- The applicant must have an employment

FlexSalary Reviews From Customers

FlexSalary Reviews From Customers

The following are some of the useful customer reviews regarding FlexSalary that you can benefit from:

Syed Abrar:

I’m very happy much satisfied with the service Uma Maheshwari are very nice she was helped me through out the process I got the loan amount as soon as the documents were collected best app.”

Manjeera Dhfm:

My credit limit was activated in 1day. But I was not able to withdraw amount,due to my account issue, then customer support team interacted with me continuously and solved the problem. Thank you team. They are well mannered employee’s who have patience to listen the issue and resolve it quickly.”

Selva Raj:

Last month urgently required some amount, one of my friend referred me Flexsalary and they had treat me as a friend and pay me the amount with very minimum documents. Thank you Flexsalary very fast, very effective good customer service really appreciate your overall performance.”

Summing Up

Hope this article was helpful for you in getting a better idea of the FlexSalary platform. If you are hoping to get a loan from this platform, you need to download the app and register your account. Furthermore, you need to upload all the necessary documents. They will verify and give you the loan within one to five days if you are eligible for it. Do you know of any better loan app, which is registered by the Reserve Bank of India, and offers instant personal loans? Share some of them with us in the comments section below.

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How Financial Advisers and Fund Managers Make Good Use of Cutting-Edge Analysis Software

Finance professionals work in high-pressure environments and the level of responsibility is off the charts; fund managers are responsible for investing millions of dollars, therefore they make the best use of available software to help them in many ways. How Does Software Help Fund Managers & Financial Advisors? There are several ways software can help fund managers and financial advisors. You need to know the reasons well to have a better idea of it. Some of the key factors that you should take care of here are as follows:- 1. Secure Online Platform Register with one of Australia's leading wealth management platform and you can take advantage of the many powerful features, such as: Interactive Client Presentations - Impress your clients with interactive presentations that are designed to engage the client and help them gain a deeper understanding of their portfolio. Broad Range Of Investment Options – Using a top-rated platform, you can offer your clients a broad range of investment options; search the web for the best wealth management platform and see what they have to offer. Managed portfolios, managed funds listed securities, term deposits and annuities. SMSF – Your clients can experience the benefits of an SMSF without actually owning one, with low-cost investors who can eventually increase their portfolio and keep admin costs down. Managing CGT – Capital Gains Tax is not something you can afford to ignore and the top platform offers the potential to minimise CGT with tax optimisation capabilities. All Device Compatibility – As you would expect, the platform is all device compatible, and millions of people use their mobile device when surfing the web. Click here for a list of the best mobile apps for investors. 2. Delivering Value To Your Clients Your clients all have one thing in common, they are looking for the best value from their portfolio and by having access to cutting-edge software and powerful features on a secure platform, your clients will have the very best tools available. Enhanced portfolio management capability is how you provide your clients with the tools they need to be successful and there are Australian wealth generation platforms with bank-grade cyber-security. 3. Online Learning Resources Forging a working relationship with a leading Australian wealth generation platform allows you and your clients access to a huge library of learning resources; we are all on a lifetime journey of learning and having access to the best resources is essential.  Technology is always developing and today’s generation of specific business software is about as good as it gets; financial advisers and fund managers should make use of the best platforms and tools to bring their clients the best possible investment opportunities.  4. Online Solutions As a financial adviser or fund manager, everything you need can be found with a single digital platform and Google can help you to find Australia’s leading provider of an investor platform. Take a look at the services and features on offer and once you are registered, you and your clients can take advantage of the many aspects on offer from Australia’s leading wealth generation platform. You owe your clients the best possible opportunities and by making good use of cutting-edge digital platforms, you are empowering your clients and helping them to generate wealth.    How Can Wealth Management Platforms Shape Your Business Future? There are several reasons why wealth management platforms can help you shape your business's future in the correct order. Some of the key factors that you must know from your end are as follows:-  1. Technology Integration As financial technology evolves, wealth management platforms play a crucial role in integrating these technological advancements into wealth management practices. This includes features like artificial intelligence-driven portfolio management, algorithmic trading, and automated financial planning tools. 2. Customization & Personalization Wealth management platforms allow for tailored financial strategies based on individual needs and goals. With advancements in data analytics and machine learning, these platforms can offer increasingly personalized recommendations, asset allocation strategies, and risk management solutions. 3. Accessibility & Convenience In an increasingly digital world, wealth management platforms provide accessibility and convenience to clients. Investors can monitor and manage their portfolios from anywhere, anytime, using mobile apps or online portals. This accessibility fosters greater engagement and transparency between clients and their financial advisors. 4. Cost Efficiency Wealth management platforms often offer cost-effective solutions compared to traditional financial advisory services. Through automation and scalability, these platforms can lower down the payments, and the minimum amount of expenses is essential, making wealth management services more accessible to a broader range of investors. 5. Regulatory Compliance & Security With growing concerns around data privacy and regulatory compliance, wealth management platforms invest heavily in robust security measures and compliance frameworks. These platforms ensure that client data is protected and that all transactions adhere to regulatory standards, providing peace of mind to investors. 6. Global Reach & Diversification Wealth management platforms enable investors to diversify their portfolios seamlessly across various asset classes and geographic regions. This global reach allows investors to capitalize on opportunities in international markets while mitigating risks through diversification. Without proper application of the plans, things can turn worse for you in all possible ways. Ensure that you follow the right process from your end points. Methods must reduce the chances of financial errors the restrict the chances of the global reach and diversification.  7. Educational Resources Many wealth management platforms offer educational resources and tools to help investors make informed decisions about their finances. This includes access to market research, financial planning calculators, and educational content. Such as investment strategies, retirement planning, and tax optimization. This is essential for your brand development. Proper application of the perfect strategy will help you in attaining your financial management.  Final Take Away Wealth management platforms play a vital role in facilitating efficient, personalized, and accessible wealth management services in 2024. It is driven by technological innovation, cost efficiency, regulatory compliance, and a focus on enhancing the client experience. You need to identify the perfect solution that can assist you in attaining your objectives with complete clarity. Try to get things done at the correct time within a specific period of time. Once you follow the correct methods, things can become easier for you. Read More: What Is Continuity In Business, And Why Is It Important? Business Continuity Plan – What Is It, And How Does It Work? Disaster Recovery Vs Business Continuity – What Are The Differences?