SelFin | How to Apply for a Loan

Stage 1

Check your eligibility

About 5 minutes

01
Sign up with your mobile number
Enter your 10-digit mobile number and the OTP we send you. You agree to a credit bureau check and our terms. Returning customers only see this once while their earlier consent is still active.
Keep ready: Your mobile phone
02
Share your basic details
Your full name exactly as on your PAN, PAN number, date of birth, email, current pincode, employment type and monthly income. We check that we serve your pincode and match you with the right lending partner.
Keep ready: PAN card
03
Share your work details
Your company or business name, designation, monthly income and main bank. Business owners add their GSTIN. We then verify your email and PAN and check your credit report to confirm you are eligible.
Keep ready: Employer details or GSTIN

Stage 2

About 10 minutes

04
Give data-sharing consent (only if needed)
Some lending partners ask for a separate consent under the Digital Personal Data Protection Act. If yours does, you will see exactly what your data will be used for before you agree. If not, this step is skipped.
05
Complete your KYC
We fetch your KYC record from the Central KYC Registry using your PAN. If it is not available, you can complete KYC through DigiLocker instead. We never store your full Aadhaar number.
Keep ready: PAN, and Aadhaar-linked mobile for DigiLocker
06
Take a live selfie
Take a quick selfie on your phone. We check that it is a live photo and that it matches your KYC photo.
07
Add your address
Enter your current and permanent address and upload one proof: a utility bill, rental agreement, bank statement or Aadhaar.
Keep ready: One address proof

Stage 3

Usually within a day

08
Credit review
First-time applicants are reviewed by our credit team before an offer is made. Returning customers who have fully repaid a SelFin loan skip this step.
09
See your loan offer
Your offer shows the approved amount, tenure options, interest rate, the amount you repay and when, the total cost of credit and the processing fee. Nothing is added without your consent.
10
Set up auto-pay (eNACH)
Choose your bank and approve an auto-debit mandate with net banking or your debit card, so your repayment is made on time.
Keep ready: Net banking or debit card

Stage 4

Within 24 hours of approval

11
Read and e-sign your loan agreement
Review the loan agreement, which includes the Key Fact Statement (KFS), then sign it with an OTP. The KFS shows the APR, total cost of credit, all fees including any penal charges, the lender's legal name and our grievance officer's contact details. The agreement and the KFS are given in English and in your preferred language. A signed copy is sent to you.
Changed your mind? You can exit the loan within the cooling-off period of [N] days by repaying the principal and proportionate APR, without any penalty.
12
Receive your loan
Once everything is complete, the lender sends the money to your bank account. You get an SMS and email with your loan account number and the transfer reference (UTR).

Your basic details are filled in for you
KYC you completed earlier may be reused
If you fully repaid an earlier loan, you skip the credit review and go straight to your offer

We only use your data for the purposes you agree to
We never ask for access to your contacts, photos or call logs
You see the full cost in the Key Fact Statement before you sign
Need help? Call 022-46094439 or email [email protected], or see our Grievance Redressal Policy

Start your complete digital journey to get funds, or call us.