You can get an instant personal loan, with this new loan app. You can get more than 3,50,000 loan from this Company
Faircent is the pioneer in India’s peer-to-peer lending market. Started in 2014, It is facilitating individual lenders to invest directly for higher returns and enabling credit-worthy borrowers to lower costs on loans.
Peer-to-peer lending facilitator Faircent.com is eyeing business transactions worth Rs. 2,000 crore in three to four years on rising demand for loans in the country
What we at Faircent.com essentially do is provide a virtual marketplace where borrowers and lenders can interact directly, without having to go through the traditional financial intermediaries like banks, who have become such behemoths in today’s time that they dictate all terms and conditions for both borrowers and lenders.
Faircent is India’s first peer-to-peer (P2P) lending platform to receive a Certificate of Registration (CoR) as an NBFC-P2P from the Reserve Bank of India (RBI).
All of us have faced sudden or urgent requirements for funds which have come up at odd times and in order to satisfy these, we start looking for a quick personal loan.
The requirement could be for a wedding expense, a medical emergency, renovation or refurbishment of your home or even to take a vacation. Even those struggling with debt on credit cards may wish to consolidate it under a single low-cost personal loan.
At Faircent.com, we are committed to providing easy and fast access to online personal loans at the lowest interest rates. Faircent.com is India’s largest peer-to-peer (P2P) lending website where borrowers deal directly with registered lenders thereby removing intermediary costs and margins of banks and financial institutions.
At Faircent.com, the guiding philosophy is to make the borrowing process simple for anyone who needs a personal loan. Every borrower is identity-verified, credit-checked, and risk-assessed on the basis of documents received from them.
The loan requirement should be more than ₹2 lakhs
Income should be more than ₹1.5 lakhs per month or ₹18 lakhs per annum
CIBIL Score should be more than 750
Should not have any overdue credit repayments
An individual can take a loan from ₹ 30 thousand to ₹ 7.5 lacs and for business purposes up to ₹ 10 lacs. So, e.g. an individual borrowing ₹ 2 lacs for 24 months @18% p.a. will have an EMI of ₹ 9985/- per month.
In order to assess your profile, process, and list your personal loan requirement Faircent charges a small fee of Rs. 500/-.
Interest rates for the loan
The automated underwriting engine determines the maximum loan amount, rate of interest, and the loan tenure at which you can avail of a personal loan. The recommended rate of interest ranges from 12% p.a. to 28% p.a. and the loan tenure ranges from 6 months to 36 months.
Awards received by Faircent
Faircent recognized as a Top StartUp50 Venture at the Smart CEO’s StartUp50 Awards.
Faircent has been awarded the status of a ‘Super StartUps 2017’ by Superbrands. ‘SuperStartUps’ is an initiative by Superbrands that is aimed at identifying high-potential tech start-ups in the country which exemplify Trust, Dependability, and Respect.
Faircent.com, India’s largest peer-to-peer lending marketplace has been acclaimed as the ‘Interbrand Breakthrough Brand in Finance’ by Interbrand. The inaugural Breakthrough Brands report is in partnership with Facebook, Ready Set Rocket, and the New York Stock Exchange (NYSE).
Faircent.com has been selected to be part of NASSCOM’s 10,000 start-up initiative. Faircent.com is in the top 8% of all start–ups that applied to receive mentoring and investments.