Faircent provides digital personal loans up to 5 lakhs. The interest rate starts from 12% p.a. You can pay EMI from 6 to 36 months. The self-employed & salaried person can apply.
The money will disburse within 72 hours. This is a 100% digital process. Check out Faircent instant personal loan for more details.
Faircent Instant Personal Loan Quick Recap
Loan Amount | Up to Rs.5 Lakhs |
Interest Rate | 12 – 28% per annum |
Repayment Tenure | 6 – 36 months |
Income Proof | Required |
Apply Process | Online |
Processing Charge | Up to 6% of the loan amount |
Pre-closure Charges | Rs.500 (Pay after 3 EMI payments) |
Benefits of Faircent Personal Loan
Instant Approval: Faircent is a peer-to-peer lending platform. You can get instant loan approval within 3 days.
Minimum Documents: You can apply for a loan with minimum documents. Your KYC & income proof will require to apply.
Flexible Tenure: The loan repayment tenure is 6 to 36 months. Pay through the easy EMI option.
Digital Process: Faircent provides 100% digital personal loans. Submit the loan application time.
Minimum Criteria: You are eligible to apply with minimum loan criteria. A minimum of 2 lakhs gross income will require.
Affordable Interest: The interest rate is flexible starting with 12 % to 28% per annum.
Also Read: Need 2 lakh loan without income proof?
Eligibility Criteria for Faircent Instant Loan
The following eligibility criteria will require to apply:
Salaried Person
- Indian Citizenship
- 1 yr CIBIL Track (The previous loan should be 1 year old)
- A net salary of Rs. 22,000 required
Self Employed
- Indian Citizenship
- 30-month CIBIL Track (The previous loan should be 30 months old)
- A minimum gross income of Rs. 2 lakhs yearly required
Faircent Loan Documents Required
Check out the below documents for Faircent instant personal loan:
Salaried Person
- Aadhaar Card
- Pan Card
- Recent 3-month Salary Slip
- Recent 6 months’ bank statement pdf
- Cancel Cheque
- Residence documents (Electricity bill / Rent Agreement / Gas Bill / Property Tax)
Self Employed
- Aadhaar Card
- Pan Card
- Recent 2-year IT File (If you have 1 yr IT File, a 1-year bank statement is required)
- Recent 1-year Trade License
- Recent 6 months’ bank statement pdf
- Cancel Cheque
- Residence documents (Electricity bill / Rent Agreement / Gas Bill / Property Tax)
Also Read: HDFC bank instant personal loan
Faircent Personal Loan Interest Rate
Minimum Interest Rate | 12% per annum |
Maximum Interest Rate | 28% per annum |
Faircent Personal Loan Fees & Charges
Processing fee | Up to 6% of the loan amount + GST |
Prepayment charges | Rs. 500 if closed before 3 months |
Delayed payment interest rate | 18% p.a. per delayed loan payment |
EMI overdue charge | Rs. 500 per delayed payment |
Payment default charge | Rs. 500 per legal notice |
Charges for changing EMI date or bank account details | Rs. 500 for bank account change or EMI date change |
Loan account statement | Rs. 100 per the statement of accounts |
How to Apply for Faircent Instant Personal Loan
Step 1: Click on the “Apply Faircent Loan” button.
Step 2: Now, enter your name, pan no & other details.
Step 3: Verify mobile no through OTP
Step 4: Now, click on submit button.
Step 5: If you are eligible for Faircent policy, the next page will open to fill up your basic details.
Step 6: Fill up the details like father’s name, residence address, business address, monthly income & more.
Step 7: Now send your documents to [email protected]. We will submit the documents to Faircent on your behalf.
Now Faircent credit teams call you & verify your documents. After that, you will get the loan offer.
Also Read: IIFL Business Loan
Faircent Personal Loan Customer Care
Contact Faircent customer care for loans or other queries. Check out the contact details below:
Customer Care Number: 0120-4659902
Office Address:
C-091, 9th Floor Supermart 1
DLF Phase 4, Gurgaon
Gurgaon, Haryana, 122002
Also, you can contact us at [email protected] for loans or other related queries. We will reply to your message within 24 hr.
FAQs on Faircent Personal Loan
Is Faircent available on pan India?
You can apply for a Faircent loan from anywhere in India. Personal loans & business loans are available across India.
Does CIBIL require you to apply for a business loan?
Your 30-month CIBIL track will require you to apply for a business loan. Also, a minimum 1 yr IT file & Recent trade license will need.
How much loan is available through Faircent?
Faircent provides up to 5 lakhs instant loans.
Is Faircent a trusted lender?
Faircent is RBI registered NBFC company. You can fully trust Faircent.