Many in India don't have access to formal credit services because their CIBIL score is either low or its absent.
But, if you are responsible & trustworthy and your friends think the same way about you, then you can easily avail a host of credit services using FLYK. It's that simple.
FLYK is extremely inclusive and anybody above the legal age of 18, irrespective of their vocation, is eligible to apply for its credit services.
Also, as long as you have friends who are willing to vouch for your credit worthiness, you can avail FLYK Credit even without a CIBIL score.
Setting up FLYK Credit is very easy.
1. Click on the 'Setup FLYK Credit' button on the home screen and fill in your basic details.
2. Form a group of close friends or contacts by sending them an invite link to join FLYK. You can also join a pre existing group.
But make sure that you only include such friends or contacts who are trustworthy and know you well. Because FLYK will ask them various in - app questions related to your personality & vocation and their answers can affect your credit limit & related services.
Also, when you timely repay your credit dues, these group members receive cash vouchers or discount coupons and vice - versa.
This group is called as a Cohort and it can only have a maximum of 10 members.
Note : You cannot include family members in your Cohort.
Apart from the Cohort, you can also increase your credit limit, unlock various app features and offers by simple keeping your FLYK Profile up to date with the most accurate information.
FLYK also has many unique features :
1. FLYK provides the most convenient, transparent & rewarding credit services without any physical paperwork. No documentation is required.
2. Apart from in - app payments, you can also withdraw your FLYK Credit to your bank account.
3. You can also use your FLYK Credit to pay utility bills, recharge mobile, DTH et cetera, from within the app itself.
4. FLYK Credit is interest free for a month. So, you can save money for other important expenses.
5. There's a 2% credit withdrawal fee, when you initially start using FLYK. This fee is waived off once you start repaying your credit dues timely. Apart from this, there's no other fee. Ever.
And this is just the beginning.
So, what are you waiting for. Start using FLYK and experience the difference for yourself.