Faircent personal loans provide financial assistance to individuals seeking unsecured loans. They offer personal loans with interest rates ranging from 12% to 28% per annum. With loan amounts ranging from ₹30,000 to ₹7 lakhs and a loan tenure up to 3 years, Faircent personal loan is a convenient and straightforward financial solution for borrowers.
Faircent Personal Loan Details
Opting for a Faircent personal loan is an excellent option for those seeking a personal loan with competitive interest rates, swift loan approval and fast disbursal. Here are some of the details a borrower should know to apply for a of Faircent loan:
| Interest rate | Starts at 12% per annum |
| Loan amount | Rs. 30,000 to Rs. 7.5 lakhs |
| Processing fee | Ranges from 6% to 8% |
| Tenure | Up to 3 years |
Faircent Personal Loan Interest Rates
Faircent offers a wide range of personal loan products with competitive and customized interest rates. Competitive interest rates can significantly reduce the cost of borrowing, resulting in lower monthly repayments and overall loan expenses.
Faircent personal loan is designed to meet your financial needs and allows you to conveniently and quickly access the funds. A lower interest rate, reduces the payable loan amount, enabling borrowers to manage their finances more effectively, meet their financial goals, and achieve greater financial stability while minimizing the burden of debt.
| Faircent Personal Loan Interest rate | 12% – 28% per annum |
Faircent Personal Loan Fees & Charges
Understanding Faircent personal loan fees is crucial for informed financial planning. These fees directly influence the total cost of your loan and can significantly impact your repayment strategy. Being aware of these charges empowers you to make sound financial decisions.
The table below lists the applicable fees and charges associated with a Faircent personal loan:
| Processing fee | Ranges from 6% to 8% |
| Prepayment Charges | Non-refundable prepayment fees of Rs. 500 |
Faircent Personal Loan Eligibility Criteria
Faircent personal loan eligibility criteria have been meticulously crafted to guarantee that you can access a loan that perfectly matches your financial capacity. Benefit from a borrowing solution that is not only affordable but also well-suited to your specific financial circumstances and needs.
Refer to the table below to know the eligibility requirements for a Faircent personal loan:
| Age | 18- 65 Years old |
| Income | Minimum ₹2 lakhs per annum |
| Citizenship | Indian |
Documents Required For Faircent Personal Loan
Below are some of the necessary documents a borrower should have when applying for a Faircent personal loan:
| Identity Proof | PAN Card, Adhaar Card, Voter ID, Passport |
| Address Proof | Bank Statement, Voter ID, Electricity Bill (within last 3 months) |
| Income Proof | Salary slips of last 3 months, ITR of last 2 years, take home salary |
| Contact Proof | Last month’s Postpaid Mobile/Landline Bill |
| Other Documents | Canceled/scanned cheque, copy of the passbook’s front page |
Faircent Personal Loan EMI Calculation
Plan your loan repayments effortlessly with Buddy Loan’s user-friendly personal loan EMI calculator. To get prompt and precise results, calculate your Equated Monthly Installment (EMI) for a Faircent personal loan by entering the loan amount, interest rate, and tenure.
Opt for a Faircent personal loan, your EMI remains constant throughout the entire loan period, regardless of any fluctuations in interest rates. This offers you stability and control over your finances, providing clear visibility and helping you efficiently manage your budget.
Your Amortization Schedule (Yearly/Monthly)
Comparison of Faircent Personal Loan Vs Other NBFCs
When considering personal loans, choosing the right loan option can have a substantial impact on your financial stability. We will evaluate Faircent Personal Loan alongside other prominent Non-Banking Financial Companies (NBFCs), providing you with valuable insights to make a well-informed choice that aligns with your financial goals and needs.
The table below highlights the comparative study of interest rates among Faircent loans and other NBFCs:
Features & Benefits of Faircent Personal Loan
Faircent Personal Loan is a flexible loan option for individuals looking for quick and convenient access to funds. Here are some of the features and benefits of Faircent Personal Loan:
Types of Faircent Personal Loans
Here are the types of Faircent personal loan options for you to consider:
9.99% Personal Loan
Purpose: A 9.99% p.a. Personal Loan from Faircent is a good option for borrowers looking for a low-interest personal loan.
- The interest rate starts at 9.99% p.a.
- You can borrow a loan amount up to ₹2 lakhs.
- You can choose to repay the loan for 12 to 60 months.
Faircent Personal Loan for Marriage
Faircent offers Personal Loans for Marriage specifically designed to help borrowers finance their weddings.
- The interest rate starts at 12% p.a.
- You can borrow a loan amount up to ₹10 lakhs.
- You can choose to repay the loan for 3 years.
Faircent Personal Loan for Debt Consolidation
The Faircent Personal Loan for Debt Consolidation is a loan that can be used to repay existing debts, such as credit card debt, personal loans, and medical bills.
- The interest rate starts at 12% p.a.
- You can borrow a loan amount up to ₹10 lakhs.
- You can choose to repay the loan for 3 years.
Faircent Personal Loan for Home Improvement
Faircent offers Personal Loans for Home Improvement to finance home improvement projects, such as kitchen renovations, bathroom renovations, and home extensions.
- The interest rate starts at 12% p.a.
- You can borrow a loan amount up to ₹10 lakhs.
- You can choose to repay the loan for 3 years.
Faircent Personal Loan for Home Appliances
The Faircent Personal Loan for Home Appliances is a loan that can be used to finance the purchase of new home appliances, such as refrigerators, washing machines, and air conditioners.
- The interest rate starts at 12% p.a.
- You can borrow a loan amount up to ₹10 lakhs.
- You can choose to repay the loan for 3 years.
How Do You Apply for Faircent Loans with Buddy Loan?
Steps To Apply For a Personal Loan with Buddy Loan
- Step 1: Visit buddyloan.com or Download the Buddy Loan app (Android or iOS).
- Step 2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option.
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5: Enter your work details (Including company name, years of service and Designation)
- Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
- Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
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