Everyone

Janmitr Solutions Pvt. Ltd.

Jelly Bean

Finlok is India’s

that brings groups together to save money and access credit, it follows the models of bhishi, committee, kitty, family chitty, and money-pools.

With Finlok a group of friends can develop a 

, create a 

 and get 

 No documentation or registration fees to use Finlok.

 Create and operate a savings group with your friends and relatives

 You choose the amount, payment cycle, number of members and payment date

 Allows group members to stay updated, informed and make timely payments towards their groups - any time anywhere

 Each member of the group is informed about all updates related to their group

 No deposits with Finlok. All payments are direct bank transfers between group members

 No IFSC code, Bank account details stored or shared with Finlok. Finlok uses BHIM-UPI powered by Yes Bank (integrated with more than 95 banks across India). This ensures members can transact safely, securely and instantly through Finlok

 No need to break your group saving cycles! Finlok’s unique saving protection helps members continue their group payments even during emergencies or cash crunch situations

 Save with friends and earn Finlok rewards; you can find more details (http://finlok.com/finlok-rewards-program/). 

 Get the benefits of high returns along with group saving with Finlok’s new product. You can find more details (http://finlok.com/finlok-bidding-product/). 

The application is based on the models of bhishi, committee and money pools that have operating in more than 90 countries across the world for centuries. The Finlok app brings this tradition to the digital age bringing with its safety, security, transparency, convenience and social connectivity. 

Group saving is right for you; if you are someone who - 

Wants to save effectively

Wants to plan for an expense a few months from now (holidays, large purchase etc.)

Would like to stay involved with your friends or relatives despite distance and busy lives

Would like to help a friend develop a saving habit.

Most of us face these problems. What we don't realize is that many in our social networks are also dealing with similar challenges. Finlok allows such like-minded and trusted friends to get together to help themselves and each other. 

Saving with friends on Finlok has just become even better! Finlok rewards programs provide benefits to the users based on their group position. So while the users that receive funds in the initial cycles benefit from early access to funds (credit) the users receiving funds in later cycles benefit for their saving discipline through the Finlok rewards program. Find more details here(http://finlok.com/finlok-rewards-program/).

The 

 for all users are 

 of charge. Currently, the user can operate two savings groups for free. After that Finlok applies a one time fee of Rs 5 or 0.1% of the total group amount to each member of the group; whichever is higher.

   Using Finlok for your group saving provides the convenience of -

          

 Not having to withdraw cash from a bank/ATM

           

Not having to travel anywhere to hand over cash to the beneficiary

           

Not having to go to your bank to deposit collected cash.

Finlok - India’s 1st Group Saving app

Finlok - India’s 1st Group Saving app ਦਾ ਨਵਾਂ ਵਰਜਨ