Checkout Faircent Personal Loan Status 2021

Faircent is a well-known peer-to-peer (P2P) lending site that is registered with the Reserve Bank of India. It is a non-banking financial company (NBFC) that connects lenders and borrowers from all over India on a single online platform, allowing borrowers to obtain funds directly from registered lenders. In times of need, Faircent provides personal loans of up to Rs. 10 lakhs, whether for a wedding, medical expenses, home renovations, or some other emergency purpose.

Why people choose Faircent for a personal loan?

There are various reasons that people prefer Faircent for Personal Loan:

• To pay for your children's education

• For family gatherings and weddings

• Getting a loan for your next holiday

• To enroll in a technical training program

• Pay off your credit card debts.

• Make down payments on a vehicle, bicycles, and other things.

• Buying a home, renovating your home, and so on.

• Pay off any outstanding debts

Eligibility criteria of Faircent Personal Loan While applying for Faircent Personal Loan application, there is certain eligibility check that should be followed for the loan approval:

• You must be an Indian citizen.

• Your gross income must be at least Rs.2 lakh.

• You must be able to supply all of the documentation that Faircent requests.

Documents required for Faircent Personal Loan There are certain documents required for Faircent Personal Loan are mentioned as:

• Two passport size photographs.

• PAN cards, Aadhaar cards, and other forms of identification are required.

• Copy of your Aadhaar Card, Passport, or other proof of your date of birth is needed.

• Signature evidence, such as your PAN card, signature verification received from the bank, and so on.

• Passport, Aadhaar Card, utility bills, and other proofs of address are appropriate.

• Proof of touch, such as a previous month's mobile bill or a previous month's post-paid landline bill

• Current six months' bank statements.

• A scanned or canceled check, or a copy of the front page of the passbook that includes the bank's IFSC code

• Salary slips for the previous three months, as well as income tax returns for the previous fiscal year

• There is NACH mandatory. Your signature must be the same as the one you gave to the bank where you have a salary or operative account.

Benefits of using Faircent Personal Loan EMI Calculator Listed below are some benefits for using Personal Loan EMI Calculator:

• By using the calculator to measure the EMI, the borrower will determine the loan sum for which he/she is eligible.

• The tool is accessible through the internet and eliminates the need for complicated manual calculations.

• The borrower will experiment with different loan tenures and loan amounts to find an EMI that suits his monthly budget.

Faircent Personal Loan EMI Calculator

You should evaluate your income and current obligations before applying for a Faircent Personal Loan. This will assist you in determining the amount of loan you need and ensuring that you can afford the EMIs. Using Personal Loan EMI Calculator, you can quickly calculate your EMI and loan number. To calculate your EMI, select the mentioned points:

• Loan amount

• Interest rate

• Tenure

How to apply for a Faircent Personal Loan? Given below are the process to apply for a Faircent Personal Loan:

• Faircent's official website should be visited.

For a new user, click on the ‘Register’ option. You will be able to build a profile in minutes after entering the necessary information. For existing users, you should click "Log in" and enter your email address and password. You can also use the ‘sign in via OTP' option. Using your registered mobile phone, a one-time password (OTP) will be sent to you which you can log in to.

• After that, you should apply with Faircent for a personal loan. You must submit the necessary documentation and pay the registration fees.

• The lender can check the documents you've submitted after you've sent them in. If they are confident that the documents you have submitted are right and that you will be able to repay the loan promptly, the amount of the loan will be disbursed into your bank account within a few minutes.

About Faircent Faircent is known as an open and transparent online platform where borrowers can borrow money directly from individuals bypassing intermediary costs and margins and receiving a better rate of interest than banks and other financial institutions. Borrowers with good credit should expect many lenders to be involved in funding their needs.

Conclusion

The above information of Faircent Personal Loan will help you for getting funds immediately. Apart from this, people prefer the Faircent Personal Loan application due to its instant loan feature. As you can easily check out the personal loan eligibility check, interest rate, and personal loan EMI calculation of Faircent Personal Loan by using Personal Loan EMI Calculator.