No Collateral Required
12% R.O.I
Less Documentation
Faircent is a unique P2P platform that brings potential borrowers and lenders together to facilitate their transactions. Faircent is a fair and open online marketplace where borrowers can borrow money directly from individuals and institutional lenders thereby removing intermediary costs and margins.
Get a Personal Loan with the lowest interest rate starting from 12% to 28% and the loan tenure from 6 months to 36 months.
Citizenship: The borrower should be a resident of India.
Income: Have a minimum gross income of INR 3 lacs per annum.
Documents required for Loan from Faircent
2 Photographs
Identity Proof
Date of Birth Proof
Signature Proof
Address Proof
Contact Proof
Proof of Income
NACH Mandate
e-Mandate
Will be required if loan request is approved. Please keep debit card/net banking details of the bank account whose details were entered at the time of registration ready.
*Please ensure sign matches bank account signatures
The Process to avail of the Loan from Faircent is mentioned below:
Visit the website, and go to the section of Instant Loan by Faircent.
Fill in the form and then click on submit.
Create a profile on Faircent and then complete the documentation.
Once the loan is listed, multiple lenders can view the listing and send proposals to fund it at the suggested interest rate.
Get instant approval from the lenders and sign the loan agreement.
Once the agreements are signed and Post Dated Checks are received, the loan amount is transferred through electronic transfer from the Lender's escrow account to the Borrower's bank account.
|
Topic |
Charges |
|
One-time payment (non-refundable) |
Rs. 500 |
|
Processing Fee |
6%-8% |
|
Interest rate |
12%-28% P.A |
*In case the EMI is not paid on the scheduled time, penal interest @ 18 p.a. will be charged. These charges are applicable for each instance of delayed repayment
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