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Faircent Personal Loan

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How To Apply
Product Rating

( 4.4 /5 )

Total - 419 ratings

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Location PAN India
Loan Amount Rs. 25,000 to 10 Lakhs
ROI 12% - 30%
Processing Fees 4 to 9%
Tenure 3 to 36 months
EMI Date 1,5,10 of every month
Foreclosure Charges After 3 months ( Rs. 500 charges + principal)
Part Payment Allowance Yes
Insurance Requirement Not Required
USP Covering all cities and type of companies
References At least four references required
Credit History Min. 1 year - for salaried individuals Min. 3 years - for self-employed profile

Faircent Personal Loan EMI Calculator

Interest Type

Loan Amount

₹

Interest Rate

%

Loan Tenure

Mo
Loan Amount₹100,000
Interest %12 %
Tenure (months)12
Emi (monthly)₹ 8,885
Total Interest₹ 6,619
Loan Amount + Interest₹ 106,619
YearTotal Principal
( A )		Total Interest
( B )		Balance
( A + B)		Total Payment Loan Paid Till Date (%)
₹ 56,878₹ 5,317₹ 62,195₹ 43,12256.88 %
Jun₹ 7,885₹ 1,000₹ 8,885₹ 92,1157.89 %
Jul₹ 7,964₹ 921₹ 8,885₹ 84,15115.85 %
Aug₹ 8,043₹ 842₹ 8,885₹ 76,10823.89 %
Sep₹ 8,124₹ 761₹ 8,885₹ 67,98432.02 %
Oct₹ 8,205₹ 680₹ 8,885₹ 59,77940.22 %
Nov₹ 8,287₹ 598₹ 8,885₹ 51,49248.51 %
Dec₹ 8,370₹ 515₹ 8,885₹ 43,12256.88 %
₹ 43,123₹ 1,302₹ 44,425₹ 0100.00 %
Jan₹ 8,454₹ 431₹ 8,885₹ 34,66865.33 %
Feb₹ 8,538₹ 347₹ 8,885₹ 26,13073.87 %
Mar₹ 8,624₹ 261₹ 8,885₹ 17,50682.49 %
Apr₹ 8,710₹ 175₹ 8,885₹ 8,79691.20 %
May₹ 8,797₹ 88₹ 8,885₹ 0100.00 %
Work Process

Start with Faircent Personal Loan in few steps

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Right Documents : Easy Process

Required Documents

PAN Card

Aadhaar Card

Driving Licence

Voter ID

Company Id

Cancel Cheque

Last 3 Month Salary Bank Statement

Last 3 Month Salary Slip

Passport size Photo

Ownership Proof Latest Utility Bill

Last 2 year’s Form 16

Last 2 Year ITR if Filled

Apply for Loan

Eligibility Of Instant Loan

The following information illustrates the loan eligibility and disbursal limits

  • The age of the applicant should be between 23 to 58 Year
  • The minimum ITR must be of 3 lac( for self-employed profile)
  • The salary of the applicant should be at least 25,000
  • Minimum experience of current job must be min 3 months
  • Business Vintage should be of min 2 years( for self-employed profile )
  • Minimum 6 month of residency on the current property.
  • Credit score should be more than 500(CRIF)


Faircent Customer Care

Contact No. :- Headquarters : 0120-4659902 / Lender/Borrower Registration : 0120-4659902

Check More Details to Contact Faircent View

Mail : support@faircent.com

Let us take an example, How EMI is being calculated

For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T& C apply.
Year Principal
(A) 		Interest
(B) 		Total Payment
(A + B) 		Balance Loan Paid To Date
2022 ₹ 11,363 ₹ 5,969 ₹ 17,333 ₹ 88,637 11.36%
Aug ₹ 2,217 ₹ 1,250 ₹ 3,467 ₹ 97,783 2.22%
Sep ₹ 2,244 ₹ 1,222 ₹ 3,467 ₹ 95,539 4.46%
Oct ₹ 2,272 ₹ 1,194 ₹ 3,467 ₹ 93,267 6.73%
Nov ₹ 2,301 ₹ 1,166 ₹ 3,467 ₹ 90,966 9.03%
Dec ₹ 2,329 ₹ 1,137 ₹ 3,467 ₹ 88,637 11.36%
2023 ₹ 30,332 ₹ 11,266 ₹ 41,598 ₹ 58,305 41.70%
Jan ₹ 2,359 ₹ 1,108 ₹ 3,467 ₹ 86,278 13.72%
Feb ₹ 2,388 ₹ 1,078 ₹ 3,467 ₹ 83,890 16.11%
Mar ₹ 2,418 ₹ 1,049 ₹ 3,467 ₹ 81,472 18.53%
Apr ₹ 2,448 ₹ 1,018 ₹ 3,467 ₹ 79,024 20.98%
May ₹ 2,479 ₹ 988 ₹ 3,467 ₹ 76,545 23.45%
Jun ₹ 2,510 ₹ 957 ₹ 3,467 ₹ 74,036 25.96%
Jul ₹ 2,541 ₹ 925 ₹ 3,467 ₹ 71,495 28.51%
Aug ₹ 2,573 ₹ 894 ₹ 3,467 ₹ 68,922 31.08%
Sep ₹ 2,605 ₹ 862 ₹ 3,467 ₹ 66,317 33.68%
Oct ₹ 2,638 ₹ 829 ₹ 3,467 ₹ 63,679 36.32%
Nov ₹ 2,671 ₹ 796 ₹ 3,467 ₹ 61,009 38.99%
Dec ₹ 2,704 ₹ 763 ₹ 3,467 ₹ 58,305 41.70%
2024 ₹ 35,208 ₹ 6,390 ₹ 41,598 ₹ 23,097 76.90%
Jan ₹ 2,738 ₹ 729 ₹ 3,467 ₹ 55,567 44.43%
Feb ₹ 2,772 ₹ 695 ₹ 3,467 ₹ 52,795 47.20%
Mar ₹ 2,807 ₹ 660 ₹ 3,467 ₹ 49,988 50.01%
Apr ₹ 2,842 ₹ 625 ₹ 3,467 ₹ 47,147 52.85%
May ₹ 2,877 ₹ 589 ₹ 3,467 ₹ 44,270 55.73%
Jun ₹ 2,913 ₹ 553 ₹ 3,467 ₹ 41,356 58.64%
Jul ₹ 2,950 ₹ 517 ₹ 3,467 ₹ 38,407 61.59%
Aug ₹ 2,986 ₹ 480 ₹ 3,467 ₹ 35,420 64.58%
Sep ₹ 3,024 ₹ 443 ₹ 3,467 ₹ 32,397 67.60%
Oct ₹ 3,062 ₹ 405 ₹ 3,467 ₹ 29,335 70.67%
Nov ₹ 3,100 ₹ 367 ₹ 3,467 ₹ 26,235 73.76%
Dec ₹ 3,139 ₹ 328 ₹ 3,467 ₹ 23,097 76.90%
2025 ₹ 23,097 ₹ 1,169 ₹ 24,266 ₹ 0 100.00%
Jan ₹ 3,178 ₹ 289 ₹ 3,467 ₹ 19,919 80.08%
Feb ₹ 3,218 ₹ 249 ₹ 3,467 ₹ 16,701 83.30%
Mar ₹ 3,258 ₹ 209 ₹ 3,467 ₹ 13,443 86.56%
Apr ₹ 3,298 ₹ 168 ₹ 3,467 ₹ 10,145 89.86%
May ₹ 3,340 ₹ 127 ₹ 3,467 ₹ 6,805 93.19%
Jun ₹ 3,381 ₹ 85 ₹ 3,467 ₹ 3,424 96.58%
Jul ₹ 3,424 ₹ 43 ₹ 3,467 ₹ 0 100.00%
Leave Your Question

FREQUENTLY ASKED QUESTIONS

Yes, the faircent organization will charge you a fee of Rs. 500.

Yes, to ensure the borrower's identity, Faircent will carry a physical verification at the resident and office address.

No, there is no way you can change a faircent personal loan amount after applying for the loan. At the same time, you can place a new loan request with an increased loan amount.

No, faircent doesn't have any such policies yet.

No, there won't be any bank mediation at faircent as it is a Peer-to-peer lending platform.

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