Finnxt is Digital Lending Marketplace bringing borrowers and lenders together. Finnxt Knowledge platform ensures seamless transmission of information to ensure smooth and quick credit appraisal by lender for all corporate banking needs of Mid Corporate client.
It is a Digital Lending Marketplace facilitating loan transaction between them on their terms as per their risk assessment. We facilitate Borrowers to provide all the relevant information to lender to make the credit decision. Since, Finnxt doesn't borrow or lend money; we are not regulated by RBI.
You company must have turnover of minimum Rs. 100 Cr in last FY. You must be an Indian national with minimum age of 21 Years, with impeccable credit record. Finnxt verifies the registered borrowers and all borrowers must comply with Finnxts borrowers agreement.
Finnxt is a Digital Marketplace working with the potential of free market to dictate terms and conditions. Increased competition results in lower interest rates, easier security package and quicker turn-around-time. Also, as all data gathering and loan application is done online it saves time lost in manual entry and duplication of work.
No registration, company, proposal or any other information is shared with any other borrower. We will share the information with interested lenders and our Value Added Services partners to facilitate your financial closure and loan disbursement. Please refer to Privacy & Security Policy for more details.
Finnxt is headquartered in Mumbai, India, economic and banking capital of India. We are currently operational in Mumbai and will shortly start operations in other cities. Borrowers and Lenders with Mumbai offices are allowed to use our system at this time.
Borrowers can request for only loan amounts in excess of Rs. 10 Crs. However, there is no cap on maximum loan applied.
Yes. Our patented system allows you to make multiple loan requests in one loan application saving your precious time and resources.
Log In your account and check loan application tracker on your homepage.
Finnxt offers following benefits over standard loan application of directly submitting information to Banks:
Getting loan on depends on the borrower's loan application and credit worthiness. Lenders identify the inherent risk and uses tools to analyse and mitigate in the form of sanction terms. It is imperative for borrowers diligently fill the information templates completely and give as much details as possible along with supporting documents proactively.
Yes, but the changes will be approved only by Finnxt team.
Yes, but it is advised to have single loan application at any given time. In unfortunate event of not receiving any offer for the application, you may choose to re-apply the loan after 3 month period.
No, Finnxt does basic credit due diligence and would not approve such cases with defaulters on CIBIL, RBI etc.
No, Finnxt is not a financial institution. It is a Digital Lending Marketplace facilitating loan transaction between them on their terms as per their risk assessment.
Borrowers requiring Finance for corporate needs register as borrowers with our proprietory system and fill up all our easy to use templates. All the information provided must be accurate and up-to-date matching public information or with regulators/MCA. Additional information may be sought from you to strengthen your loan proposal.
Finnxt team will work closely with you for structuring and packaging the information received to ensure best success chances for successful financial closure. Once your loan listing is active you can get multiple offers from lenders. You can agree to the best terms. The listing is closed once the borrower has accepted the sanction letter. Finnxt helps in documentation process with help of value added partners.
Registration is free of charge, we charge only a nominal fees ranging from 1-3% dependent on type pf product, complexity of proposal, structuring required, external rating of borrower etc. at the time of financial closure i.e. acceptance of Sanction Letter. We do not charge Lenders for individual loan disbursement to ensure we are transparent in our conduct and take best interest of borrower. Kindly contact us for any further clarification (contact us).
In an unfortunate event of finnxt closing, all loans that have originated through finnxt digital marketplace still hold good. This is because; the agreements are still legal and are signed directly between the borrowers and lenders.
Once borrower registration is verified and loan application data scrutinized and approved by Finnxt team. Your loan application listing goes live. Lenders can see your listing, do credit assessment, ask for more information and subsequently make loan approval as per their credit assessment. Rate of Interest (ROI) is based on market and internal policies of lending institution.
Borrowers can choose the best possible Sanction Letter meeting the requirement. Once a borrower accepts the loan amount, the listing is closed for further offers.
Yes, Finnxt being a Digital Marketplace ensures that your loan application reaches multiple banks without duplication of your work resulting in quicker turnaround time and competitive rates
Admin and limited persons from lender side, on need to know basis, See our Privacy Policy for more information.
All your information entered into our system is safe, secure and confidential with us. Our team and interested Financial Institutions to whom your loan application is sent can only access it. We use global standards for the safekeep of all your critical information.See our Privacy policy for more information.
Yes, this typically happens in the cases of higher loan value. Multiple Lenders can form a group or consortium for your corporate needs.
In case you have received the sanction letter and intend to wait for better sanctioned terms, Finnxt may wait for 7 more working days before closing the loan application. On 8th day the drop dead fees equivalent to the processing fees would be charged to the borrower. Finnxt may further exclude the borrower for any future use of finnxt digital marketplace.
Once you accept the sanction letter, Finnxt team with the help of value added services partners will assist you in documentation process and compliance of all pre-disbursement conditions of the sanction. It usually takes minimum of 7-10 working days for the disbursement.
All depends on the sanction terms and loan agreement between Borrower and Lender.