Faircent - Loans & Investments
Publisher Description
Invest where you can grow faster. Lend your money to creditworthy borrowers.
Peer to Peer Lending – Making Investment More Rewarding and Credit More Reasonable for AllWelcome to FAI₹CENT
- India’s leading Peer to Peer (P2P) lending platform and first NBFC-P2P to receive a Certificate of Registration (CoR) from the RBI.
Fairassets Technologies India Pvt Ltd (Faircent.com) has a Certificate of Registration with the number N-14.03417 provided by the Reserve Bank of India allowing us to operate as an NBFC-P2P (Non Banking Financial Company – Peer to Peer Lending) in India.
Founded in 2013 and based in Gurgaon, India, FAI₹CENT facilitates an online credit marketplace. FAI₹CENT app connects ‘borrowers’ looking for loans with ‘lenders’ seeking good returns on investment.
DOWNLOAD THE APP TO GET STARTED NOW!
Apply for a Loan
Be it a wedding, debt consolidation or business funding, you can apply for an
instant personal loan
with ZERO collateral and 100% online loan processing. Avail a 'Personal loan' or
'Business loan'
as per your repayment capacity and choice of tenure.
🌟 Features:
Loan Amount: Minimum Rs. 30,000 to Maximum Rs. 10,00,000.
Rate of Interest / Annual Percentage Rate (APR): Minimum 12% per year to Maximum 28% per year.
Repayment Period: Minimum 6 Months to Maximum 36 Months
Processing Fee: 2.5% to 8.5% of Loan Amount.
GST: 18% of Processing Fee.
A representative example of the total cost of a loan:
For ₹1,00,000 borrowed for 12 months, with interest rate @13% per annum*, a user would pay:
-> Processing fee (@ 3%) = ₹3,000 (Incl GST of 18%)
-> Registration fee of ₹500 (Incl GST of 18%)
-> Interest = ₹7,184
-> EMI (Monthly Repayment)= ₹8,932
Total amount to be repaid = ₹1,10,684
*Interest Rate varies based on your risk profile
Make sure you have documents listed below:
👉 PAN Card,
👉 Aadhaar Card, or Voter ID/Passport
👉 Last 6 months Bank Statement
👉 Last 3 months of Salary Slip (for salaried)
👉 Last year’s ITR
💰 Invest Money in P2P Loans
Faircent offers lenders a unique opportunity to invest in the alternative asset class of P2P loans. You can invest by lending to pre-verified borrowers and earn high returns.
• Simply Install the App to Open Your Lender Account
• Add funds to your Escrow Account to Invest
• Invest in Your Choice of Loans
• Get started with Money Lending Online now
⭐ Features:
1. Invest in borrowers across the country
2. Minimum investment amount – INR 750
3. Offering one of the best return on investment
4. Enjoy regular passive income
5. Easy loan portfolio diversification
6. Best Investment Options for Salaried Person
7. Best Investment Plan to build retirement wealth
8. Best Short-Term Investment Plans
🔒 Security and Protection of Privacy:
Faircent practices transparency and we have no hidden costs and don't take margins from interests decided mutually between the borrower and lender. Please visit
https://www.faircent.in/privacy-policy
for more info.
☎️ Support
You can contact us at support@faircent.com!
About Faircent - Loans & Investments
The company that develops Faircent - Loans & Investments is Fairassets Technologies India Pvt. Ltd.. The latest version released by its developer is 1.0 .
To install Faircent - Loans & Investments on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2024-05-31 and was downloaded 56 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Faircent - Loans & Investments as malware as malware if the download link to com.app.faircent is broken.
How to install Faircent - Loans & Investments on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Faircent - Loans & Investments is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Faircent - Loans & Investments will be shown. Click on Accept to continue the process.
- Faircent - Loans & Investments will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
Program Details
System requirements
Download information
Pricing
Version History
version
posted on 2024-05-31
-Added Borrower Passbook feature for the user to view the transaction history.
- Minor bug fixes for a smoother experience.
version 5.9.42
posted on 2024-05-31
-Added Borrower Passbook feature for the user to view the transaction history.
- Minor bug fixes for a smoother experience.
version 5.9.41
posted on 2023-12-19
-Added new user account deletion feature, giving you more control over your account and data.
-Updated our Customer Support Team contact number for quicker and more efficient assistance.
version 5.9.40
posted on 2023-12-19
version 5.9.40
posted on 2023-09-21
- Minor bug fixes for a smoother experience.
- Improved performance and enhanced stability.
version 5.9.38
posted on 2023-08-28
Updated target android version 13 for enhanced performance
version 5.9.3
posted on 2019-09-04
Thanks for using the Faircent App, we are back with new and enhanced notifications for lenders and borrowers which will keep you updated and provide better insights on your loans and investments.
version 5.0
posted on 2018-01-17
Thanks for using Faircent app, we are back with major enhancements
For Lenders
- Portfolio summary and NAR (Net Annualized Return) report added
- Auto sign agreement at the time of sending proposal feature enabled
- RBI regulation for investment certificated added
For Borrowers
- Loan foreclosure functionality enhanced
- Choose loan foreclosure date
- View lender wise foreclosure detail
- View detailed summary of payable amount
- Closed loan screen added to view closed loan detail
version 2.0
posted on 2016-11-17
Thanks for using Faircent app. This version includes-,- Completely new dashboard with many new features (Risk bucket, EMI timeline, transaction details etc) to make decision quickly.,- Enhanced Push notification.,- Stability and Performance Improvement.
