*This is a proposition by Finja Lending Services
Whether you are looking to make a major purchase, finance a wedding, pay your tuition fee or consolidate debt, a Credit Line is a simple and convenient borrowing solution to help you reach your goals. With this bespoke Finja Credit Line is designed for urban salaried professionals like yourself, we want you to achieve your goals effortlessly with different features offering choice, flexibility and structured payments tailored to your needs.
Who is this for
Finja is offering an exclusive credit line catered to salaried individuals in Lahore as a medium to reduce financial stress and burden. We want you to have the freedom to spend money whenever and wherever you want without having to check your account’s balance!
Eligibility
- Applicant must be a resident of Lahore
- Applicants must have a salary above PKR 30,000 and should receive salary in a bank account.
- Applicants must fill out the Finja credit line form by providing all required information truthfully.
- No history of fraudulent activity (Should not be in Finja’s grey list)
- Credit limit is generally at 30% DBR of an individual's monthly salary.
- Finja credit line is offered with the minimum credit limit of PKR 10,000 to a maximum credit limit of PKR 100,000.
- Finja charges an upfront service of 3.5% - 4% and PKR 1,000 processing fee.
What documents are required?
- CNIC
- Salary slips
- Bank statements
- Utility Bills
How does it work?
The process is completely digital and requires no paperwork at all. We’ve made it simple and easy. Follow the simple steps below to avail your instant credit now!
Fill out this quick form online with you credentials. We need your credentials so our algorithms can suggest a loan plan best suited for you.
Meanwhile download the Finja App on your mobile device so you can receive the loan amount directly into your wallet
Upon reviewing your application we will approve your request in real time.
Once you receive confirmation open your Finja App and select the ‘loans’ tab. Here you will see the complete list of your pre-approved loans. Next time around all you have to do is directly select this tab.
Select “Loan” in the Finja App which is right under the “Finja Credit Line tab. Select the duration and the amount of the credit required by you. You may also get to see a balance of credit that you can still avail after selecting your desired amount.
Depending upon the selection of tenure i.e. 1, 2 or 3 months, Mark-up amounts of 4%, 8% or 12% respectively will be charged Up-front.
No daily deductions, rather mark-up is charged up-front on the utilized amount and the same can be returned within the repayment timeline.
1.How can I apply?
If you are a working professional, residing in Lahore, looking to borrow to meet your personal needs, all you need to do is follow the simple steps above. Fill out the form and download the Finja App to instantly get access to the Credit Line. Amount to be utilized within the designated limit will be disbursed into FINJA Wallet.
2. How do i repay?
Based on your tenure selection Loan repayment is divided into equal 1, 2 or 3 installments payable at specified intervals. To repay the loan simply log on to your Finja App and select the ‘loans’ tab. Select ‘repay’ and enter the amount you are comfortable repaying. This will be reflected instantly towards your loan balance. The collection process is digital which makes it quick and hassle free.
3. What if I cannot repay?
Your installments are spaced out to make it easy for you to manage your budget. However, in the unlikely event you are not able to repay you can call us in with your concerns and we can find a way out for you. We have a team of specialised advisors that can help you consolidate your debt so it does not negatively impact your credit history. In order to avoid late payment charges, it is best to make sure you are up-to-date with all your repayments. Do not worry we will send you reminder notifications so you do not forget.
4. How is my loan amount determined?
The form you fill out allows our real time algorithms that use AI and machine learning to determine the loan amount using your credentials. The algorithms churn out the most suited loan amount for you.
5. What is the service fee?
The service fee depends upon the selection of the tenure i.e. 1, 2 or 3 months, mark-up amounts of 4%, 8% or 12% respectively will be charged up front. The fee depends on your past repayment history, any other debt, the credibility of your credentials and other variants that our algorithm uses.
6. What is the Processing Fee?
To bring customers on FINJA Credit Portfolio, a one-time annual processing fee of PKR 1,000 is charged.
7. I have other questions.
We are here and happy to help with any questions or concerns. There are a number of ways you can reach us .
