FairCent Personal Loan

With affordable interest rates, FairCent offers personal loans. Additionally, FairCent provides paperless digital loan processing along with online, quick personal loan. FairCent with interest rates starting at 9.99% onwards. A maximum loan from upto 10 lacs with a maximum 6 months to 3 years repayment period is available to you.

Interest Rate 9.99% onwards
Maximum Loan upto 10 lacs
Processing Fees 6%
Maximum Loan Tenure 6 months to 3 years

Loan Disbursal in 3 hrs*
100% Online Process

A Four-Step Guide to Efficient Financing

Complete Your Basic Details
Check Your Soft Eligibilty
Complete Your Details
Get Disbursal in account

FairCent Personal Loan EMI Calculator



% Interest



Total Payable

Documents Required for Faircent Personal Loan 

The following is a list of the documentation for personal loans needed to apply for Faircent Loans:

  • Identity Proof (anyone): PAN Card, Adhaar Card, Voter ID, Passport

  • PAN Card or Passport as Birth Date Identification

  • PAN Card, bank signature verification, or another type of proof of signature Passport

  • Passport, bank statement, voter ID, recent electric bill, postpaid phone bill are all acceptable forms of address verification.

  • Last month's Postpaid Mobile/Landline Bill as Proof of Contact

  • the most recent six-month bank statement

  • canceled/scanned checks and copies of the front page of passbooks for the same bank account are accepted as proof of payment.

  • Income documentation can be provided by recent pay stubs for salaried professionals or by business/ITR records from the previous two years and take-home pay for business professionals.

  • NACH Mandate (signatures on the borrower's bank account and loan application must be the same)

  • (Necessary if the lender approves the loan request) E-Mandate

Note: Depending on the applicant's profile, Faircent may request that loan applicants submit extra personal loan documentation.

For loan terms of up to three years, Fairassets Technologies Pvt. Ltd., doing business as Faircent, offers personal loans with interest rates starting at 9.99% per year. A P2P lending platform known as an NBFC-P2P has been registered with the RBI. Faircent Loans are available to borrowers for a variety of purposes, including supporting a business venture, debt consolidation, home improvements, marriage, and household appliance purchases. The lending company states that it offers personal loans, has a simple online application process, and can disburse loans in as little as two days. Each prospective borrower who uses this platform to obtain a personal loan will have funding from several lenders.

Feature of Faircent Personal Loan 

Here are the some feature of Faircent Loan apply : 

  • The size of the loan is determined by the borrower's loan requirement. Loan amounts for personal needs might range from Rs. 10,000 to Rs. 5 lakhs, while those for business needs can reach Rs. 10 lakhs.

  • Interest rates for Faircent personal loans range from 12% to 28% annually. On the other hand, unrated debtors can be subject to a higher interest rate.

  • The loan amount may be repaid over a period of time ranging from 6 to 36 months.

  • Depending on the amount of the loan to be obtained, the processing cost for personal loans funded by Faircent funding can range from 6% to 8% of the loan amount plus GST.

  • Three months after the day the loan was disbursed, the entire loan amount may be prepaid without incurring a foreclosure penalty. A one-time, Rs. 500 non-refundable prepayment fee will apply if the loan is paid off before the required three months have passed.

    Process for applying Faircent Personal Loan 

    The procedure to be followed for Faircent loan apply is described below:

      • Visit the official website Fincrif.com .

      • Firstly , login with your name and number .

      • Then fulfill your employment type.

      • Verify OTP.

      • Upload all the documents and submit .

      • Last , you will get a call from the Fincrif team and help you to proceed next.

    Frequently Asked Questions ( FAQ )

    1. How much money can I borrow in total from Faircent?

    ANS. If you need a personal loan for personal reasons, the amount you receive could be anywhere from Rs. 10,000 to Rs. 50,000. The most you may borrow, however, is Rs. 10 lakh if you want to use a personal loan through Faircent for business reasons.

    1. Will I receive funding from one lender or several?

    ANS. An individual lender won't be able to fund your complete debt. You will therefore receive funding from various lenders.

    1. Before approving my loan, will Faircent physically verify my information?

    ANS. Yes, Faircent will perform a physical verification at your home as well as at their office. To confirm the applicant's identification, an earlier appointment will be set up, followed by a physical verification.

Eligibility Criteria for Faircent Personal Loan 

The following requirements for Faircent personal loan eligibility must be met by the borrower:

  • They should be an Indian citizen.

  • They should make a minimum of Rs. 2 lakhs per year in gross income.

To be eligible for a Faircent loan, they must present all the supporting documentation listed on the checklist.

Fees and Charges of Faircent Personal Loan 

Loan AmountUp to Rs.5 lakhs for personal use
Up to Rs.10 lakhs for business use
Interest Rate12 – 28% per annum
Repayment Tenure6 – 36 months
Platform Registration FeeRs.500 (non-refundable)
Loan Processing Fee6 – 8%
EMI Non-Payment Penal Interest18% per annum for every instance
EMI Overdue ChargesRs.500 for every missed payment
Pre-closure ChargesRs.500 (but allowed only after 3 EMI payments)

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