Faircent
Personal Loan

Key details of Faircent loan are mentioned below:

Note: Faircent is powered by https://www.faircent.com/ and the information mentioned here is provided by Fairassets Technologies India Pvt Ltd.

Faircent app offers personal loans from multiple lenders through its platform to help borrowers get instant loans at an affordable rate of interest. The lenders listed on Faircent are High Net-worth Individuals (HNIs), ensuring that only the genuine lenders are interacting with the borrowers. Creditworthy borrowers can expect personal loan offers from multiple lenders.

Note: Check the lists of best personal Loan Apps available in India.

Faircent personal loan interest rate varies from 12% to 28% p.a. However, higher interest rate can be charged from unrated borrowers. Interest rates are determined for each borrower by an automated credit appraisal system of Faircent which uses the personal and financial data provided by borrowers in more than 120 criteria using over 400 data points to risk-assess the borrowers and understand their credit profile. 

• Loan amount: The loan amount is dependent on the borrower’s loan requirement. For personal requirements, the loan amount can vary from Rs. 10,000 to Rs. 5 Lakhs and for business purposes, it can be up to Rs. 10 Lakhs.
• Rate of interest: Faircent personal loan interest rates range from 12% to 28% p.a. However, unrated borrowers can be charged with a higher interest rate.
• Tenure of repayment: The loan amount can be repaid in tenure between 6 to 36 months.
• Processing charges: The personal loan processing fee for Faircent funding can vary from 6% to 8% of the loan amount + GST, depending on the loan amount to be borrowed.
• Prepayment: You can prepay the entire loan amount without any foreclosure penalty after 3 months from the date of loan disbursal. Closing the loan before 3 months will attract a one-time non-refundable prepayment fee of Rs. 500.

The borrower must meet the following Faircent personal loan eligibility criteria:

• They should be a resident of India.
• They should have a minimum gross income of Rs. 2 Lakhs per annum.

They must provide all the required documents mentioned in the checklist to fulfill the Faircent loan eligibility.

To get the Faircent loan apply online with the following documents:

Below are the contact details of Faircent finance Customer Care:

Business office address:

C-091, 9th Floor Supermart 1

DLF Phase 4, Gurgaon

Gurgaon, Haryana, 122002

Phone numbers:

Headquarters: 0120-4659902

Lender/Borrower Registration: 0120-4659902

You can call at the numbers mentioned above from 9:30 AM to 6 PM any day.

Grievance Officer:

Nidhi Tripathi

Email: nidhi.tripathi@faircent.com

Phone: 0120-4659902