Faircent – An innovative financial platform
Faircent is an innovative platform where borrowers and lenders can meet.
The platform helps borrowers to get a loan at a lower cost of rate and the same lenders can lend to earn good returns on their amount.
Faircent is a Gurgaon based startup. Rajat Gandhi, Vinay Mathews and Nitin Gupta founded it.
It is a virtual market place and facilitates both the borrowers and lenders interact directly.
All terms and conditions are favorable to both of the parties.
Thus it protects their time and money.
Faircent boasts that it is the largest peer to peer to lending marketplace. Both the lenders and borrowers can benefit from it. Registering basic details are essential to become a lender as well as to borrow money on this platform.
An upfront fee is to be paid to verify the documents provided by them.
Borrowers can get hassle-free loan at lower interest rate than other financial options that borrowers normally choose. The interest rates are normally fixed. Loan can be obtained easily with an online application without any hidden fees. Borrowers can borrow from ₹30,000 to ₹5,00,000 for personal needs and the limit is ₹10,00,000 for business purpose.
Anyone can become lender on Fiarcent if he or she is above the age of 25 years with a valid account and PAN card. His/her annual income should be at least Rs.10 lacs to become the lender of Faircent. The listed finance company(s) that are formed under the Indian Companies Act can also apply as Lender on this platform. Yet, the gross income should not exceed 30 percent from the lending activities to individual borrowers by lenders.
Lenders can benefit by way of interest on their money rather than keeping it idle. They can start lending from ₹10,000. The term for borrowers ranges from 6 months to 36 months. Thus, Faircent provides a win-win situation to both borrowers and lenders.
You may also like
Image Reference: Faircent, Financemagnates, Indiamicrofinance
Recent Posts
- Akvo’s atmospheric water generators turn air into a water sourceAkvo’s AWGs work on a condensation-based system, similar to how dew forms on surfaces in the early morning.
- No fee for changing travel date from 2026: Indian RailwaysWith this reform, Indian Railways aims to reduce financial stress and booking anxiety for passengers.
- Navi Mumbai Airport: India’s next aviation powerhouseIndia is on the cusp of a major infrastructure revolution with the Navi Mumbai International Airport. Touted as a transformative project, it promises to redefine connectivity, ease congestion, and fuel economic growth across the region.
- Akvo’s atmospheric water generators turn air into a water source
What’s new at WeRIndia.com
News from 700+ sources
-
EU chief says Russia waging gray zone campaign
-
UK PM Starmer begins visit to India, praises trade deal
-
J&K Govt Enhances Children Education Allowance, Hostel Subsidy By 25%
-
J&K Probe Agency Raids Multiple Locations Across Kashmir To Crack Down On Sleeper Cell Module
-
U.S. stock futures today, October 8, 2025: Dow, S&P 500, Nasdaq flat amid AI bubble fears as gold surges past $4,000 check which stocks are surging and sinking now
-
Hyderabad: Man sentenced to rigorous life imprisonment for wifes murder
-
WeRIndia – A News Aggregator
Visit werindia.com for all types of National | Business | World | Politics | Entertainment | Health related news and much more..
Leave a Reply