Faircent
Free App
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About Faircent
Get a Personal Loan at Rates upto 4% p.a. Lower than Banks or Earn returns upto 26% p.a. by lending on Faircent.com, India’s largest P2P Lending platform.
Faircent.com offers a platform for P2P lending which is one of the most innovative financial products of recent times. It brings borrowers and lenders directly in contact with each other removing intermediary cost thereby helping borrowers access funds at lower cost and lenders make higher returns as compared to most other investment options. Faircent.com uses technology to enable the entire process online with minimum human interface. Thus its fast, easy and convenient for both lenders and borrowers. Our mission is to make every % count.
For Lenders:
The Faircent App offers lenders a unique alternative investment opportunity to lend money directly to pre-verified borrowers and earn upto 26% p.a. returns on their investment.
Using the Faircent App Lenders can:
• Sign up as a Lender
• Review borrowers’ profile and send proposals
• Earn returns on your investments
• Strike a deal on their own, without any intervention from our end
• Get transactional updates
For Borrowers:
The Faircent App offers borrowers cheaper and faster access to personal loans. It uses a tech-enabled, underwriting mechanism that does not depend solely on traditional tools like credit score but uses more than 120 parameters across 400 data points – social, financial and personal to evaluate credit-worthiness.
Using the Faircent App Borrowers can:
• Sign up as a Borrower, get verified and get their personal loan requirement listed on Faircent.com
• Get personal loans at interest rates up to 2% to 4% lower than banks
• Online, tech-enabled transactions for easy disbursement and EMI repayments
• Strike a deal on their own, without any intervention from Faircent.
Payments involved:
-> Lenders need to make an upfront payment of Rs. 1000/- at the time of registration. This is a non-refundable one-time payment. There is no other fees or interest payable by the lender.
-> Borrowers need to make an upfront non-refundable payment of Rs. 500/- at the time of registration which is adjustable against processing fees (2%-4% of the loan amount) payable at the time of loan disbursement.
-> The payment is to facilitate back-end processes like social, financial and personal verification and document check etc.
-> It is also used to formulate the legal agreement & documentation with the borrowers before loan disbursal.
Steps to register:
1. Click on sign-up
2. Fill your basic details
3. Pay registration fees (Through any convenient online payment methods like credit cards, net banking etc)
4. For lenders, our support team verifies your details and gets back to you within 12-24 hrs. After verification and approval, you can log into your Faircent account and start lending.
5. Borrowers need to upload the required documents post which our support team will verify your details and get back to you within 2-3 working days. After verification and approval, your loan requirement will be listed on our website and lenders can start making offer to fund your requirement.
*Faircent practices transparency and they have no hidden costs and don't take margins from interests decided mutually between the borrower and lender. Please visit https://www.faircent.com for more information.
Faircent.com offers a platform for P2P lending which is one of the most innovative financial products of recent times. It brings borrowers and lenders directly in contact with each other removing intermediary cost thereby helping borrowers access funds at lower cost and lenders make higher returns as compared to most other investment options. Faircent.com uses technology to enable the entire process online with minimum human interface. Thus its fast, easy and convenient for both lenders and borrowers. Our mission is to make every % count.
For Lenders:
The Faircent App offers lenders a unique alternative investment opportunity to lend money directly to pre-verified borrowers and earn upto 26% p.a. returns on their investment.
Using the Faircent App Lenders can:
• Sign up as a Lender
• Review borrowers’ profile and send proposals
• Earn returns on your investments
• Strike a deal on their own, without any intervention from our end
• Get transactional updates
For Borrowers:
The Faircent App offers borrowers cheaper and faster access to personal loans. It uses a tech-enabled, underwriting mechanism that does not depend solely on traditional tools like credit score but uses more than 120 parameters across 400 data points – social, financial and personal to evaluate credit-worthiness.
Using the Faircent App Borrowers can:
• Sign up as a Borrower, get verified and get their personal loan requirement listed on Faircent.com
• Get personal loans at interest rates up to 2% to 4% lower than banks
• Online, tech-enabled transactions for easy disbursement and EMI repayments
• Strike a deal on their own, without any intervention from Faircent.
Payments involved:
-> Lenders need to make an upfront payment of Rs. 1000/- at the time of registration. This is a non-refundable one-time payment. There is no other fees or interest payable by the lender.
-> Borrowers need to make an upfront non-refundable payment of Rs. 500/- at the time of registration which is adjustable against processing fees (2%-4% of the loan amount) payable at the time of loan disbursement.
-> The payment is to facilitate back-end processes like social, financial and personal verification and document check etc.
-> It is also used to formulate the legal agreement & documentation with the borrowers before loan disbursal.
Steps to register:
1. Click on sign-up
2. Fill your basic details
3. Pay registration fees (Through any convenient online payment methods like credit cards, net banking etc)
4. For lenders, our support team verifies your details and gets back to you within 12-24 hrs. After verification and approval, you can log into your Faircent account and start lending.
5. Borrowers need to upload the required documents post which our support team will verify your details and get back to you within 2-3 working days. After verification and approval, your loan requirement will be listed on our website and lenders can start making offer to fund your requirement.
*Faircent practices transparency and they have no hidden costs and don't take margins from interests decided mutually between the borrower and lender. Please visit https://www.faircent.com for more information.
All Application Badges
Free
downl.
downl.
Android
4.0.3+
4.0.3+
Bug
buster
buster
Android app
App History & Updates
What's Changed
Thanks for using Faircent app. We have updated the app with new features & functionalities
- New revamped Lender registration process
- Added Escrow passbook feature in Lender dashboard
- User can now change & set SMS preference
- New Filters added :
1.Borrower Type
2.Purpose
3.Credit Score
4.Days left
5.Not Viewed
- New Borrower category added as Unrated
- New reports added - Portfolio Analysis of Life to date investment comparison
Thanks for using Faircent app. We have updated the app with new features & functionalities
- New revamped Lender registration process
- Added Escrow passbook feature in Lender dashboard
- User can now change & set SMS preference
- New Filters added :
1.Borrower Type
2.Purpose
3.Credit Score
4.Days left
5.Not Viewed
- New Borrower category added as Unrated
- New reports added - Portfolio Analysis of Life to date investment comparison
Version update Faircent was updated to version 3.1
What are users saying about Faircent
C
by C####:
by C####:
Always show your dashboard is unavailable please try after some time. What to do
W
by W####:
by W####:
Mailed all documents three days before. No response till now.
R
by R####:
by R####:
Before advance why how this trust?????
J
by J####:
by J####:
Charges 1500 even before we know what's in the app. Is there any guarantee that the money we pay will be returned to us after the tenure time period? If not what will happen to the money we lend?
B
by B####:
by B####:
"Faircent saved me big bucks and helped me build my credit. My financial goals are no longer on hold due to my credit card debt."
Y
by Y####:
by Y####:
Every borrower should have 2 guarantors along with their cheques. Agreement should contain guarantors name and signature.
C
by C####:
by C####:
Not able to launch the application
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by C####:
by C####:
Excellent app
C
by C####:
by C####:
Asking people to pay 1500 upfront without even knowing what's in the app. Founders, what's wrong with u? Your explanation about upfront fees is not good enough. Change ur policies.
C
by C####:
by C####:
You are expecting customers to pay for their service even without experience it even once? Ridiculous concept. I mean the most basic thing would be to let user understand your product and then pay. If the logic is hidden charges, that can be covered later as well.
C
by C####:
by C####:
We dont know how we will get loan what is the interest before that we need to pay 1500 ek dam bakwas...mad people only pay before fees fraud peoples.
C
by C####:
by C####:
Plz keep the app updated. The upfront fee is very small vs the potential to make money.
C
by C####:
by C####:
Wasted my registration fees. The app doesn't work.
C
by C####:
by C####:
Worst app... unable to log in....very slow processing
U
by U####:
by U####:
I Paid 500 Rs for this service, neither I didn't get the loan or refund amount.
C
by C####:
by C####:
When we try logging it ask for money.. 1500.. why.. ? First lend money. Work . Then ask for money
C
by C####:
by C####:
A nice way to bring people with extra money in touch with people who needs money
C
by C####:
by C####:
I wonder how this guy's will get funding n all..worst ever app...date cannot select properly..and no automatical feed when u select city more than all this forcing customer to pay 500 rs registration fee without even explaining about their process.its like they built app only for 500 rs ...any company if Loan is approved they have a right to ask commission charges or any charges but this u like pay and proceed for anything. Guys keep in mind always put fee for successful transaction.
T
by T####:
by T####:
The practice of Rs.1500 cannot be justified. Instead of that there can be a commission at the closing of a loan...that Will be a better practice
C
by C####:
by C####:
After recent update login is not possible as everytime invalid credentials message comes.
C
by C####:
by C####:
Pay with out navigate the App... it's like submit 1500/- to a fraud
C
by C####:
by C####:
Why pay first even before using the service?
T
by T####:
by T####:
Nice concept - with unfair trade practices. I was asked to deposit 1,500 upfront, without an option to try the system. When I refused, I was offered an option to start with deposits of 500, with an ability to invest 50,000 @1%. However, now, when I finally decided to invest, I was surprised to find that ai can't invest and the 500 deposited disappeared in thin air, on the pretext of registration fee.
C
by C####:
by C####:
This is waste app don't apply any one plz my name Mani I send all the details but this people taking the information our us plz guys don't apply
C
by C####:
by C####:
This app is totally waste your time .I requested all friends PL.don't download this app.very bad.I also deposited his fees RS.500.He said your account balance is very low.
E
by E####:
by E####:
1000% fake
C
by C####:
by C####:
I am looking forward changes in my life with the new financial services and support.
C
by C####:
by C####:
Great platform for both lender and borrower
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by C####:
by C####:
Dreams come true
C
by C####:
by C####:
Investment made easier
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by C####:
by C####:
Fraud ..
R
by R####:
by R####:
1500 registration without looking at app why? & why people ll take @ 20% when personal loan is available at low of 12..13..that too reducing one..
R
by R####:
by R####:
User friendly interface with risk to reward indicators for lenders..A lender with minimum financial literacy can also understand easily and make an informed lending decision in minutes..!!!
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by R####:
by R####:
What is new features in updated version
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by R####:
by R####:
Signing problem password set as instructed then too not creating new account
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by R####:
by R####:
I install the app and I need loan for it is the possible first tell me and this app charge 1500/- for payumoney I can't understand why this charge
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by R####:
by R####:
Ease to use and helps invest on the go. Excellent.
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by R####:
by R####:
Nice app...
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by W####:
by W####:
Really needed this in order to invest fast and smartly.
by C####:
Stop Spamming my number right now. You use SMS like push notifications, sending random 'missed investment opportunities' and you monthly returns bullshit. Really out of your mind, sending SMSes for every activity on ur stupid platform