Fill in your application digitally — name, income details, bank account, and a video-based or OTP-based KYC. No office visit required. We collect only the data necessary to assess your creditworthiness.
Quick Cash Zero Stress
Get safe loans with fast approval, easy steps, and quick funds when you need them most.
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Instant Approval
Quick loan decisions
Low Interest
Affordable repayments
Fast Payout
Money in your account
Why Choose Pennydrop?
Get instant loans with secure payments, easy online process, and fast approvals designed for your convenience and peace.
Quick Loan Decisions
Get approved in just minutes with a smooth and hassle-free process.
Fully Digital Process
Apply anytime from anywhere without needing to visit an office.
Simple Payments
Repay your loan easily through a trusted and secure online platform.
Flexible Loan Options
Choose repayment plans that match your budget and financial needs easily.
Representative Example of Total Loan Cost
Loan Amount₹10,000
Repayment Tenure91 Days
Annual Percentage Rate427.21% p.a.
Interest Amount₹3000
Processing Fee (incl. GST)₹1180
Total Repayable Amount₹13000
Note: This is a representative example for illustrative purposes only. Your actual APR, interest, fees, and total repayable amount will depend on your credit profile and will be disclosed clearly in your Key Fact Statement (KFS) before you accept the loan. Approval is not guaranteed. Shankar Fininvest Private Limited (RBI CoR: B-14.02178) is the lending entity. Values shown in [X] brackets must be filled by the company with live rate data.
RBI Regulated NBFC
KFS Before You Accept
Secure Data Handling
Direct Bank Disbursal
Credit Bureau Reporting
Four Steps to Your Loan
Apply Online
Credit Assessment
We assess your eligibility based on income, repayment capacity, and bureau data. This determines your loan amount, tenure, and interest rate. All assessment criteria are disclosed in our Credit Policy.
Review Your KFS
Before you accept, we provide your personalised Key Fact Statement (KFS) showing your exact APR, total interest, processing fee, penal charges, and total repayable amount.
Receive & Repay
On acceptance, funds are disbursed directly to your registered bank account — no intermediary. Repay via EMIs or bullet payment through our secure online portal. All transactions are reported to credit bureaus.
Calculate your Loan
Loan Amount:₹5,000
Interest Rate:1%
Loan Tenure:1 Days
Total Amount:₹5,050
Regulated, Transparent, and Borrower-First
RBI-Regulated NBFC
Shankar Fininvest Private Limited holds a valid Certificate of Registration (CoR: B-14.02178) from the Reserve Bank of India. We operate under RBI's Scale-Based Regulation for NBFC-ICC Base Layer entities.
Mandatory Key Fact Statement
Your personalised KFS is provided before loan acceptance — showing your APR, all fees, monthly obligations, and total repayable amount in a single clear document, as mandated by RBI Directions, 2025.
Direct Bank Disbursal
Loan amount is credited directly to your verified bank account. No pass-through accounts. Repayments flow directly back to us — no third-party collection intermediaries involved.
Data Privacy & Security
We collect only the data required for credit assessment and regulatory compliance. We do not share your data with third parties without your consent. Refer to our Privacy Policy for full details.
Credit Bureau Reporting
All loans and repayments are reported to registered Credit Information Companies (CICs). Timely repayment helps build your credit score. Missed payments may adversely impact your credit history.
Fair Collection Practices
Our recovery process follows RBI's Recovery Policy guidelines. We do not engage in harassment, contact references without consent, or employ coercive tactics. Our recovery hours are 8 AM – 7 PM only.
Our Compliance Commitments
PennyDrop operates in full compliance with RBI's Digital Lending Directions, 2025 and NBFC Scale-Based Regulations. Here's what that means for you as a borrower.
Key Fact Statement (KFS)
Before you accept any loan, you receive a standardised KFS containing: Annual Percentage Rate (APR), all fees and charges, penal charges, monthly repayment obligations, and total amount payable — in a clear, single-page format. KFS is provided digitally and must be accepted by you before loan execution.
What Our Customers Say
Instant Loan Approval in
Just 5 Minutes
Get instant loan approval in just 5 minutes with a fast, secure, and hassle-free process. Apply online easily, receive quick fund transfers, and get dedicated customer support whenever you need assistance.
Super Fast Approval Process
Complete your online application within minutes and get quick approval without hassle.
Instant Money Transfer
Get your approved loan amount transferred quickly to handle urgent needs easily.
Dedicated Customer Assistance
Our support team is available from 10:30 AM to 6:30 PM IST to help you at every step.
Where We Can Be a
Lifesaver
Medical Assistance
Get instant funds for hospital bills, treatments, and health emergencies without extra stress.
Travel & Holidays
Arrange quick money for your dream vacation and travel plans without waiting.
Credit Card Support
Merge multiple high-interest dues into one simple loan with easy monthly payments.
Unexpected Expenses
Manage sudden costs like repairs, celebrations, or urgent needs with fast loan approval.
Emergency Home
Repairs
Need urgent repairs for plumbing, electrical, roofing, or structural issues? Get quick financial support to fix your home without waiting for your next paycheck. Fast approval and flexible repayment options available.
Get StartedEducation Fee
Support
Cover semester fees, examination charges, certification programs, and short-term course expenses with quick financial assistance. Stay focused on your education without worrying about immediate payment deadlines.
Get StartedDebt Consolidation
Loan
Simplify your finances by combining multiple high-interest credit card balances or informal debts into one affordable monthly payment. Enjoy a structured repayment plan, lower financial stress, and better control over your budget.
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Unexpected
Expense Support
Handle sudden costs like vehicle repairs, appliance breakdowns, medical bills, or other emergencies without disrupting your monthly budget. Get quick access to funds when unexpected expenses arise.
Get StartedAbout Us
Shankar Fininvest Private Limited
PennyDrop is a digital lending platform operated by Shankar Fininvest Private Limited, an NBFC-ICC (Investment and Credit Company) registered with the Reserve Bank of India. We are classified under the NBFC Base Layer under RBI's Scale-Based Regulation (SBR) framework.
Our mission is to provide responsible, transparent, and accessible short-to-medium-term personal credit to salaried individuals across India, while adhering to the highest standards of fair lending, data privacy, and customer protection.
Company
Shankar Fininvest Private Limited
CIN
U74899DL1995PTC067650
RBI CoR
B-14.02178
NBFC Category
NBFC-ICC, Base Layer
Reg. Office
160, First Floor, Gaffar Market, Karol Bagh, New Delhi – 110005
Support Hours
Mon–Sat, 10:30 AM – 6:30 PM IST
Grievance Redressal
We are committed to resolving all customer concerns within the timelines
prescribed by RBI. If you have a complaint, please follow the escalation path below.
Step 1 · Customer Carecare@pennydrop.in
Step 2 · Grievance Redressal Officer[Name of Grievance Redressal Officer — to be filled]gro@shankarfininvst.com
Frequently Asked Questions
1. Is PennyDrop a licensed lender?
Yes. PennyDrop is operated by Shankar Fininvest Private Limited, an NBFC-ICC registered with the Reserve Bank of India (Certificate of Registration No. B-14.02178). We operate under RBI's regulatory framework including the Digital Lending Directions, 2025.
2. What is a Key Fact Statement (KFS) and when do I receive it?
A KFS is an RBI-mandated document that clearly outlines your loan's APR, fees, charges, repayment schedule, and total payable amount. You receive your personalised KFS before accepting the loan offer and must review and accept it to proceed.
3. Is PennyDrop a licensed lender?
Yes. PennyDrop is operated by Shankar Fininvest Private Limited, an NBFC-ICC registered with the Reserve Bank of India (Certificate of Registration No. B-14.02178). We operate under RBI's regulatory framework including the Digital Lending Directions, 2025.
4. What is a Key Fact Statement (KFS) and when do I receive it?
A KFS is an RBI-mandated document that clearly outlines your loan's APR, fees, charges, repayment schedule, and total payable amount. You receive your personalised KFS before accepting the loan offer and must review and accept it to proceed.
5. Is PennyDrop a licensed lender?
Yes. PennyDrop is operated by Shankar Fininvest Private Limited, an NBFC-ICC registered with the Reserve Bank of India (Certificate of Registration No. B-14.02178). We operate under RBI's regulatory framework including the Digital Lending Directions, 2025.
6. What is a Key Fact Statement (KFS) and when do I receive it?
A KFS is an RBI-mandated document that clearly outlines your loan's APR, fees, charges, repayment schedule, and total payable amount. You receive your personalised KFS before accepting the loan offer and must review and accept it to proceed.