Frequently Asked Questions
You can invest starting from Rs. 50,000.
You can invest from 6 months to 36 months.
No, repayment date for all loans is fixed at 10th of every month. Faircent is working on making repayment dates flexible in future.
Returns depend on the credentials of Borrowers and the ongoing demand of Lenders in the Faircent marketplace. They can only be finalized once the concerned Borrower and Lender agree mutually on a particular rate. So, returns will be variable depending on the chosen Borrowers.
To protect your money, we use all the safety measures a bank uses - and some more -
Faircent conducts a strict verification process of the data and documents provided by Lenders. In addition we appraise each request to ensure that concerned Lender can afford to give out loans within the boundaries of statutory laws of India. We also make sure that Lenders do not use our platform to fund any prohibited actions or purposes.
Repayments are equated monthly installments (EMIs) calculated using the reducing balance method. Your installment per month will remain the same throughout the tenure of your loan. The first installment may be different depending on the date of disbursal.