fundDo

FundDo is a fintech lending platform. We are solving 63 Million MSME's biggest problem of delayed payments with our working capital business model. FundDo provides funds to the business owners and their bottom line which includes suppliers, stockiest, dealers, distributors, wholesalers, and retailers via the Business Credit facility. The business Credit Line facility maintains working capital in line and healthy for all stakeholders in the business.

FundDo provides funds to MSME businesses from ₹10,000 to ₹5,00,000 & interest is charged only on the amount you withdraw from your FundDo credit line.

Get a business credit line and term loan with zero collateral. Business credit line Interest rates start from as low as 0.1% per day with a tenure of 07 Minimum Days - 30 Maximum Days. Term Credit Funding rate starts as low as 0.07% per day with a tenure of 90 Minimum Days - 360 Maximum Days.

Fees
For ₹50,000 borrowed for 1 year, with an interest rate of @0.07% per day annually, a user would pay:
Processing fee (@ 2%) = ₹1,000 + GST (₹180) = ₹1,180
Business Credit Line setup fee of ₹999 + GST (₹180) = ₹1179/- to be paid before starting the credit line
Interest = ₹6738/-,
EMI = ₹4729/-
Total amount to be repaid after a year = ₹56,738/-

* Interest Rate varies based on your risk profile and credit ratings.
** The maximum Annual Interest Rate can go up to 36%.

We partner with banks, NBFCs, and other Financial Institutions. We work ONLY with regulated financial institutions in India, governed by RBI. We're well-regulated and legally compliant.

How is FundDo different from any other traditional loan providers in India?

Mom and Pop Merchants / Shop owners face huge challenges in raising funds from banks and other funding institutions. The fund approval process is tedious, and approval can take weeks, if not months. The best feature of FundDo Fund is that you pay the interest only for the amount that you borrow.

Example: Ankit applies for a FundDo Business Term Fund (credit line) in January, gets an approved credit line of ₹1,00,000 but doesn’t borrow any money for the next 3 months.

In April, he withdrew ₹50,000 from his credit limit to pay for a stock purchase. Now, the interest will only be charged on ₹50,000. Ankit still has access to ₹50,000 whenever he has another purchase without paying interest until he withdraws any amount. Ankit can choose his repayment tenure which starts with a minimum of 07 days.


Features Of FundDo

● 100% paperless process.
● Pay Interest on what you borrowed.
● Use any amount from your available credit line
● Repay from Mobile Application
● Apply Multiple Fund options from mobile.
● Access Your Funds from Smartphone - Anytime, Anywhere.

Documents Required

● Proof Of Identity (Driving license/Voter id/Passport/Aadhaar/PAN)
● Proof Of Address (Driving license/Voter id/Passport/Aadhaar/Utility bills/bank statements)
● Original passport photograph in the profile section.
● Apply from your own Smartphone. Get fund approval by fulfilling the profile with your registered mobile for a fast-track application.

How does FundDo works?

Get a FundDo Funds in below simple steps:
● Download & Install the FundDo mobile application on your Smartphone.
● Create your profile, and fill in all information such as age, city, PAN, & income to check eligibility
● Instantly find out your pre-approved amount
● Complete KYC verification
● Check all Funddo financial products and Apply on the Smartphone and apply.

Security & Protection of Privacy
All data with us are secured, encrypted, and protected. We have strict policies in place to ensure all customer data are protected. We respect your privacy. Our backend system and APIs have complied with security standards and protocols which have been tested and certified by our financial partners.

Recent changes:
Bug fixing.