Faircent Personal Loan: Interest Rates, Eligibility, How to Apply

Faircent Personal Loan: You can take a personal loan up to Rs 10 lakh from Faircent at an interest rate of 12% per annum. The loan can be used for any personal and business needs. Processing charges 6% to 8% + GST ​​applicable.

Faircent Personal Loan Details

loan amount 10,000 to 10 lakh rupees
Rate of interest 12% to 28% per annum
processing fee 6% to 8% of the loan amount + GST
repayment period 6 to 36 months
prepayment fee Nil, if discontinued after 3 months
one-time filing fee 500 rupees
penal interest 18% per annum
minimum annual income 2 lakh per annum

Faircent Personal Loan Interest Rates

Faircent personal loan interest rates range between 12% to 28% per annum. Interest rates for each borrower are set by Faircent’s automated credit evaluation system.

Features of Faircent Personal Loan

Loan Amount: The loan amount depends on the requirement of the borrower. For personal needs, the loan amount can range from Rs 10,000 to Rs 5 lakh and for business purposes, it can go up to Rs 10 lakh.

Interest Rate: The interest rates for Faircent personal loans range from 12% to 28% per annum. However, those with low credit scores may be charged higher interest rates.

Repayment Tenure: The loan amount can be repaid over a period ranging between 6 to 36 months.

Processing Fee: The processing fee for a loan from Faircent can vary from 6% to 8% of the loan amount.

Prepayment: You can prepay the entire loan amount without any foreclosure penalty after 3 months from the date of loan disbursement. 500 will be charged for closing the loan before 3 months.

Eligibility Criteria for Faircent Personal Loan

The borrower must fulfill the following Faircent personal loan eligibility criteria:-

  • They should be a resident of India.
  • Their minimum annual income should be Rs 2 lakh.
  • They have to provide all the required documents to fulfill Faircent loan eligibility.
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identity proof Any one of the following:
  • Passport
  • Aadhar card
  • pan card
  • voter id card
proof of date of birth Any one of the following:
  • Passport
  • pan card
proof of signature Any one of the following:
  • pan card
  • Passport
  • Signature verification from your bank
proof of residence Any one of the following:
  • Passport
  • voter id card
  • Bank statement
  • Electricity bill (not older than 3 months)
  • postpaid telephone bill
proof of contact Any one of the following:
  • Last month’s postpaid mobile bill
  • Last month’s postpaid landline bill
proof of income
  • Salary slip for the last 3 months for a salaried professional
  • Business/Personal ITR and Take Home Salary of last 2 years for Business Professional
other documents
  • Bank statement of last 6 months
  • Scanned/canceled check or copy of front page passbook of same bank account for IFSC Code
  • NACH Mandate
  • e-mandate

Faircent Personal Loan Processing Fees

Types of Fees amount
processing fee 6% to 8% of the loan amount + GST
prepayment fee 500 if closed before 3 months.
one-time filing fee 500 rupees
penal interest for delayed payment 18% p.a. per late payment
EMI overdue charges Rs.500 per late payment
payment default fee 500 per legal notice

Faircent Customer Care

Office Address:

C-091, 9th Floor Supermart 1

DLF Phase 4, Gurgaon

Gurgaon, Haryana, 122002

mobile number

Headquarters : 0120-4659902

You can call the above mentioned numbers on any day from 9:30 AM to 6 PM.

Grievance Officer:

Nidhi Tripathi

Email : nidhi.tripathi@faircent.com

Phone : 0120-4659902

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