Faircent Personal Loan – A Fantastic Personal Loan Provider

If there is one personal loan lender, which has been the best simple app, it is the Faircent personal loan app. Because of its simplicity, it could be counted as one of the Best Personal Loan Apps In India. If you are looking for an easy way to get an instant loan, Faircent will be the best way to do it.

However, before applying for its personal loan, it is essential to know the details. What is the loan amount they are offering? What are the features & benefits of using it? What are the eligibility criteria and other details? It is important to know them to understand the whole context. In this post, we will do it, so it would become easy for you to apply for the loan.

Faircent personal loan

Whether you need a personal loan to do wedding shopping or you need it to pay medical bills, Faircent Personal Loan is one of the best cash loan apps In India. The process of applying for the loan to getting it is a very simple thing to do. The other best thing is, Faircent is a peer to peer lending platform which means it gives a more diverse option to borrowers.

Features & benefits of Faircent personal loan

• It offers a quick loan disbursal.

• You do not have to visit any physical place to apply for the loan.

• The rate of interest will vary but it is lucrative.

• You can choose the loan amount as per your requirement.

• The end to end process is transparent.

• It requires very basic documents.

• The terms and conditions are very transparent.

• There are no hidden charges.

• The repayment tenure is very flexible.

• The loan is available to both salaried individuals and self-employed professionals.

• The online application is simple to follow and apply.

The loan details

• Faircent offers instant personal loans up to Rs 10 lakhs.

• The loan repayment tenure is up to 3 years.

• The rate of interest is between 13% and 28%.

• The processing fee is from 2.50% to 8.50% of the loan amount.

The eligibility criteria for Faircent personal loan

• The applicant's minimum age should be 18 years and a maximum of 58 years.

• The applicant should be an Indian citizen.

• The applicant should be a salaried individual or self-employed professional.

• The applicant should have a minimum income of Rs 2 lakh annually.

Required documents for the Faircent personal loan

You will need to submit these documents as mentioned on the Faircent official website.

• Identity proof ( Aadhar card, PAN Card, Voter ID, Passport)

• Date of birth proof ( PAN Card, Passport)

• Signature proof( Signature verification from the borrower's bank, Passport, PAN Card)

• Address proof ( Bank statement, Passport, Electricity bill, Voter ID card)

• Contact proof ( Postpaid mobile bill)

• Bank statement for the last 6 months

• Proof of income( Salary slip for the last 3 months, ITR for business professional)

• NACH Mandate document

How to apply for a Faircent personal loan?

• Download the Faircent app from the Google play store.

• Browser all the offers on the personal loan.

• Choose the loan amount.

• Upload the necessary documents.

• Submit the loan application

• The verification process will begin.

• Once it is completed, the loan amount is disbursed.

Bottom line

If you are not sure about the eligibility, you can use the faircent eligibility calculator to check it out. In case you want to contact them, you can call them on 0120-4659902 or drop a mail at support@faircent.com