Spark Money

Spark Money guarantees a safe place for your money. A 100% digitally operated platform to keep a track of all your money transactions in one place. Save plenty of your time managing your finances instantly from your phone.
Begin by opening a zero-balance account within 5 minutes. Get a card that works across all ATMs, shops, and stores. Learn about the various options for savings, investments, insurance, and credit. Discover the features that covers all your financial requirements.

Spark Money offers –
Spark Account – Your lifetime free zero balance account in partnership with Fino Payments Bank ?

Spark Gold – A safe and secure place to buy, and sell gold ?

Spark Protect – Provides with the best insurance plans for you and your family ?‍?‍?‍?

Spark ITR – Assists you with ITR filing during the right time ?

Goal based savings – Create savings goal achieve them on time ?

Other Spark Money exclusive features ?
1. Zero commission and transaction fees
2. High-level app security
3. Personal expense manager to track and alert overspending
4. Customer support in native languages
5. Additional rewards via regular contests, games, and scratch cards

Easy Spark Plans:
In a Spark Plan, you can choose a monthly contribution amount for Gold Savings, Emergency Savings, and Hospitalisation Insurance. Complete a paperless signup process of less than 10mins! ⏱ See your Gold Savings and Emergency Savings grow. Don’t worry about asking for financial help anymore! ?

The Spark Account:
You need savings, insurance, loans, and tax in one account? We heard you! Spark account gives you access to Smart Savings through Liquid Mutual Fund, Indexed Mutual Fund?, Hospitalisation or Hospicash Insurance. ?

✨ Digital Gold
Buy and Sell Digital Gold anytime from your mobile. Use Gold Savings to get Gold Coin delivery or Gold Jewellery.

? Buy and Sell Mutual Funds for your emergency savings.
Get INSTANT withdrawal and receive money into your bank account within 30mins.

Handy Loan?
Loan amount: ₹10,000 to ₹1,00,000
Interest rates: 12% to 40% per annum
Tenure: 3 to 18 months
Processing fees: 0% to 6% (Min ₹0 and Max ₹6,000+GST)

Example
Loan Amount: ₹50,000
Tenure: 12 months
Interest Rate: 22% (on reducing principal balance interest calculation)
EMI: ₹4,680
Total Interest Payable: ₹4,680 x 12 months – ₹50,000 Principal = ₹6,160
Processing Fees (incl. GST): ₹1,475
Disbursed Amount: ₹50,000 – ₹1,475 = ₹48,525
Total Amount Payable: ₹4,680 x 12 months = ₹56,160
Total Cost of the Loan = Interest Amount + Processing Fees = ₹6,160 + ₹1,475 = ₹7,635

? Download your Insurance policy anytime and know the list of hospitals.

? Dashboard: View all your transactions in one place. See your money grow with Savings. Watch your loan application status. Download your insurance policy anytime.

? Paperless Sign Up Spark account sign up is entirely digital and paperless. You can complete the KYC from anywhere within 10mins.

? ? ? Tools: Check your financial health in a few clicks and get recommendations on how to improve your score. Set up a call with our experts to get a one-on-one call for more information.

Needless to say, we ensure the utmost security of your transactions and the privacy of your data.

The Personal loans are provided by Northern Arc Capital Limited and Monexo Fintech Private Limited which are a Non-Deposit taking systemically important Non-Banking Financial Company registered and regulated by the RBI.