Disruption of technology has redefined the Fintech industry over the past few years and several NBFCs have been able to provide financial services and products online digitally to people who might have had limited or no access to formal banking. Personal loan and instant credit are popular offerings that have seen a growing customer base due to their simplified procedures, competitive interest rates and instant access to money in an unprecedented situation to tide over sudden expenses most of all. However, it is important for consumers to know their lender and read the fine print in the agreements before availing of a personal loan. Vivifi India Finance is an RBI-registered NBFC and its flagship product – FlexPay, is India’s first app to provide a personal emergency line of credit.
FlexPay is registered with the RBI.
The credibility of the lender should be checked before applying for a loan as one of the most crucial factors. Lender verification should be a top priority because financing may require you to give sensitive information that, if it is misused, might lead to serious issues like identity theft. FlexPay is a product made available by Vivifi India Finance Private Limited, an NBFC authorised by the Reserve Bank of India (RBI).
The application is fully encrypted.
Flexpay is a completely safe and secure application from Vivifi India Finance that gives both salaried and non-salaried people access to lines of credit. A variety of encryption protocols and security measures are implemented to protect all consumers’ personal information. Their information is solely used to confirm loan applications and get in touch with them if needed. Your provided personal and financial credentials are not visible to anybody else. The information is kept private and only between you and FlexPay.
FlexPay allows you to go cardless and is hassle-free.
FlexPay functions as a virtual credit card that enables cardless transactions and reduces the risk of loss or misplacement, which could otherwise lead to a fraud case. Paying for purchases at merchant businesses is incredibly simple with the help of this speedy digital credit card application. To instantly pay with credit, just scan the UPI QR code. FlexPay functions best for contactless and cashless transactions. When physical distance has become a regular part of your life, it might assist you in making quick and secure payments. You can also use FlexPay to pay at any retailer, not just food stores. This is 100% online and the safest to access whenever and anywhere. Customer service is always available to help you.
Track your transactions easily on the application.
Your spending and transactions can be monitored diligently and easily on the FlexPay App.The use of advanced technology helps you avoid multiple payments for a single purchase by recording transactions transparently in one place on the app.
Smart Tips for Safe Personal Loan and Instant Credit Options
When considering a personal loan or instant credit, it’s always important to compare the interest rates and terms offered by different lenders. This will help you make an informed decision and ensure that you choose the best option for your financial needs. Additionally, make sure to always read the fine print in loan agreements to understand the terms and conditions, including any hidden fees or penalties. This will help you avoid any unexpected surprises and ensure a smooth borrowing experience