Faircent Personal Loan

A personal loan is one solution to fulfill all your dreams like a wedding, a vacation, and higher studies and to deal with all the emergencies like a medical emergency, etc. At Faircent, you can avail a personal loan ranging up to Rs. 10 lakh and can be repaid within the tenure ranging from 6 months to 36 months. Faircent is the nation’s only peer to peer (P2P) lending website, wherein personal loan borrowers have the liberty to deal directly with the registered lenders.

Features/Benefits of Faircent Personal Loan

The personal loan being offered by Faircent has many spectacular features, these include:

• Rapid disbursal of loan amount.
• Borrow directly from trusted lenders, without visiting a bank.
• Attractive personal loan interest rates.
• Freedom to choose the loan amount according to your requirement and financial status.
• Transparent loan application process.
• Minimal documentation process
• No hidden terms and conditions.
• No collateral/ guarantee required.
• Agile repayment option facility.
• Both salaried professionals and self- employed individuals can apply.
• No need to visit the lender or bank or financial institution. Get a loan from the comfort of your home or office.
• Choose your own tenure – 6 months to 36 months.

Interest rates of Faircent Personal Loan

The interest rate starts from 12% per annum and depends on your CIBIL score, age, income, employer, etc.

Also Know: How do I check my credit score?

Eligibility Criteria of Faircent Personal Loan

The eligibility criteria to avail Faircent Personal Loan comprise:

• Applicant must be of a minimum age of 18 years.
• His maximum age should be 58 years.
• He should be an Indian.
• He must either be a salaried professional or a self-employed individual.
• If a salaries professional, an applicant must be with his current employer for the last six months.

Also Know: What is Minimum Salary Required For a Personal Loan?

Documentation Required to Avail Faircent Personal Loan

In accordance with the guidelines in place for availing the personal loan, the company has stipulated a set of documents required to meet the documentation process. These documents include:

• Filled in personal loan application form with accurate information.
• ID proof – Passport/ Voter ID/ Driving License/ PAN Card/ Aadhar Card.
• Address proof – Passport/ Voter ID/ Driving License/ PAN Card/ Aadhar Card.
• Last three months’ salary slips as income proof in case the applicant belongs to a salaried section.
• Income proof in case the applicant is self-employed.
• IT returns required for the self-employed.

Since it’s an online platform to avail the personal loan, a loan seeker doesn’t require to visit the bank or any financial institution.

Additional Charges

The customer looking to avail a personal loan from Faircent is required to pay a one-time registration charge. Currently, the registration charge stands at Rs. 500. Sign up to get listed and draw advantages of the lowest interest rates on a personal loan.

Customer Care

If you have any queries regarding your personal loan application, you can contact the customer care through the following mediums:

• You can call the customer care at 0120-4659902.
• You can visit the head office at C-091, 9th Floor Supermart 1, DLF Phase 4, Gurgaon, Gurgaon, Haryana, 122002.

Frequently Asked Questions (FAQs)

Ques: If I am not wrong, Faircent is charging an amount to access its online personal loan services?

Ans: Yes, to access the online loan lending platform, an individual has to shell out a nominal fee of Rs. 500.

Ques: Can I upload documents required on the online platform?

A: Yes, you can upload the documents online to avail Faircent Personal Loan.

Ques: Will I be availing a loan amount from single or multiple lenders?

Ans: As per the policy of Faircent, your loan amount will be funded by the multiple lenders.

Ques: Is Faircent going to undertake physical verification?

Ans: Yes, in order to verify the identity of an individual, Faircent undertakes physical verification at both residential as well as official address.

Ques: Is it possible to change the loan amount after applying?

Ans: No, it is not possible to change the loan amount after you have applied for the loan. However, in order to increase the loan amount, you can create a fresh loan request.

Ques: Is it possible to be both, a borrower and a lender?

Ans: No, you can either be a borrower or a lender at a time.