Frequently Asked Questions

Digital Personal Loan is Personal loan availed through Digital mode, through the Digital Lending Platform of Bank.

Two type of Digital Personal Loan, are available as under:

  • Pre- approved Personal Loan (for Existing to Bank Customer)
  • Non Pre approved Personal Loan (for New to Bank & existing non pre - approved customers)

The existing to bank customer can check their eligibility and limit by sending an SMS by typing:
PAPL <space> <last four Digits of BF Debit Card No.> to 8422009988, from the registered mobile number in CBS (Bank)

The Applicant can initiate the loan application process through digitally enabled channels viz.: -
  • Finance Blink (Mobile Banking app): Post Log-in & Pre Log-in
  • Blink Connect (Net Banking) : Pre Log-In
  • Bank's Website

Any one of the following can apply for Digital Personal Loan

  • Salaried Individuals (except bank own staff & NRI individuals)
  • Self-employed
  • Professionals

Pre-approved Limits:
Minimum - Rs.10, 000/-
Maximum – up to Rs. 5,00,000/-
Non Preapproved Limits
Minimum- Rs. 50,000/-
Maximum- up to Rs. 10,00,000/-

For Salaried Individuals:

  • Aadhar Number connected with Mobile Number
  • Valid PAN Number
  • Net Banking Credentials or Digital bank statement for 12 months
  • Web Camera for clicking picture and performing Video KYC
For self-employed / professionals:
  • Aadhar Number connected with Mobile Number
  • PAN Number
  • Net Banking Credentials or Digital bank statement for 12 months
  • ITR E filing credentials or Digital ITR for last 2 years.
  • Web Camera for clicking picture and performing Video KYC
  • GST Portal credentials or Digital GST return for1 year
  • Affiliation number for professionals like (ICAI, ICSI etc. if applicable)
a.Income Tax Return:   Applicant is required to upload latest ITR (3 or 4 as applicable) in PDF format as mentioned below. It is mandatory to upload latest 2-year ITRs.
Note:   The platform requires the ITR Form of borrowers to be uploaded. If the borrower uploads ITR-V (Acknowledgement of _led ITR), the same will not be accepted.
b.Bank Statement   Applicant is required to upload Bank Statements for last 12 months in PDF format (Borrower can upload Bank Statements for Maximum 1 Bank Account on the Platform where salary/professional fees/emoluments are received.)
Note:   The bank statement should be either downloaded from net banking facility or as Received in e-mail from the bank. Scanned/converted PDFs will not be accepted by the Platform.
c.Borrower personal details:   Address Details, Employment Details, Loan requirement etc.

Minimum: 21 years
Maximum: For Salaried – 58 years
For Self Employed – 65 years

Minimum: 12 Months (in Equated Monthly Instalments)
Maximum: 60 Months (in Equated Monthly Instalments)
(Pre-Approved loan limit can be availed from 9 month to 36 month)

Pre approved Loans up to Rs. 50,000/- .The ROI is flat 16% p.a.
All other variants: Interest Rate will be linked to CIBIL Credit Vision score of the borrower Minimum: BRLLR+SP+3% and Maximum: BRLLR +SP+ 8.35%

For Pre - Approved Loan: Processing Charge is NIL
For Non Pre -Approved Loan: Processing Charges: 2% of Loan amount + GST,
Minimum: Rs.1,000/- + GST, Maximum: Rs.10,000/- + GST

Prepayment charges: There are no prepayment charges
Penal Interest: Penal interest shall be levied as per the bank extant guidelines.

All the existing Blink Finance customer are required to initiate the loan process with the registered mobile number as the OTP for authentication will be sent to the registered mobile number only.

In case, mobile number is not registered with the existing account for ETB customers, the applicant will not receive the OTP for authentication and the applicant will be dropped off. In all such cases asked to start the journey after updating the mobile number in the existing account by vising the base branch. In all such cases the ETB customer will not be allowed to process the loan in digital mode, however they can apply and avail the personal loan through branch as per the existing guidelines.

DISCLAIMER

The contents herein are only for information and do not amount to an offer, invitation or solicitation to buy or sell, and are not intended to create any rights or obligations. Such information is subject to updation, completion, amendment without notice and is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to law or would subject BLINK FINANCE of India or its affiliates to any licensing or registration requirements. Nothing contained herein is intended to constitute advice or opinion and please obtain professional advice before making any investment. BLINK FINANCE of India disclaims any liability for any losses incurred by you due to use of or due to investment decisions made by you on the basis of the contents herein. The contents herein have been prepared based on information from sources deemed reliable (including public sources). BLINK FINANCE of India disclaims any liability with respect to accuracy of information or any error or omission or any loss or damage incurred by anyone in reliance on the contents herein. Use/ misuse of any intellectual property, or other content displayed herein is strictly prohibited. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable.