You can avail a personal loan from Faircent, a Non-Banking Financial Corporation (NBFC) at attractive interest rates ranging between 12% and 28% and flexible repayment tenure from 6 months to 3 years. Faircent is a unique P2P platform where not only one can borrow in order to fulfill their needs but also lend. The lenders registered under Faircent are high net worth individuals who are doing well in their respective professions or NBFCs who can offer you a loan.
There are various reasons why you must avail a personal loan from Faircent:
Given below is the process you will have to follow if you wish to avail a personal loan from Faircent:
Given below is the list of fees and charges that will be levied on your loan amount:
|Processing fee||2.50% to 8.50% depending on the rate of interest levied on your loan amount|
|Non-payment charges||Penal interest at 18% p.a.|
|Collection penalty||Rs.500 for each delay in payment of EMI. If you do not pay your EMIs for a year, then the penalty can go up to Rs.1,000|
|Account swap/EMI date change charges||Rs.500|
|Account statement charge||Rs.100|
|One-time listing fee||Rs.500|
If you wish to avail a personal loan for personal use, your loan amount may vary between Rs.10,000 and Rs.50,000. However, if you wish to avail a personal loan from Faircent for business purposes, then the maximum loan you can avail is up to Rs.10 lakh.
It won’t be possible for an individual lender to fund your entire loan. Hence, you will be funded by multiple lenders.
Yes, Faircent will conduct a physical verification both at your residence and at their office. A prior appointment will be fixed, and a physical verification will be conducted thereafter in order to verify the identity of the applicant.
No, you can either be a lender or a borrower at a time.
In case you have any query related to your personal loan, you can get in touch with a Faircent representative by calling the number 0120-4659902.
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