Faircent - Loans & Investments

5.68K reviews
Content rating
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About this app

Peer to Peer Lending – Making Investment More Rewarding and Credit More Reasonable for All

Welcome to FAI₹CENT - India’s leading Peer to Peer (P2P) lending platform and first NBFC-P2P to receive a Certificate of Registration (CoR) from the RBI.

Fairassets Technologies India Pvt Ltd (Faircent.com) has a Certificate of Registration with the number N-14.03417 provided by the Reserve Bank of India allowing us to operate as an NBFC-P2P (Non Banking Financial Company – Peer to Peer Lending) in India.

Founded in 2013 and based in Gurgaon, India, FAI₹CENT facilitates an online credit marketplace. FAI₹CENT app connects ‘borrowers’ looking for loans with ‘lenders’ seeking good returns on investment.


Apply for a Loan
Be it a wedding, debt consolidation or business funding, you can apply for an instant personal loan with ZERO collateral and 100% online loan processing. Avail a 'Personal loan' or 'Business loan' as per your repayment capacity and choice of tenure.

🌟 Features:
Loan Amount: Minimum Rs. 30,000 to Maximum Rs. 10,00,000.
Rate of Interest / Annual Percentage Rate (APR): Minimum 12% per year to Maximum 28% per year.
Repayment Period: Minimum 6 Months to Maximum 36 Months
Processing Fee: 2.5% to 8.5% of Loan Amount.
GST: 18% of Processing Fee.

A representative example of the total cost of a loan:

For ₹1,00,000 borrowed for 12 months, with interest rate @13% per annum*, a user would pay:
-> Processing fee (@ 3%) = ₹3,000 (Incl GST of 18%)
-> Registration fee of ₹500 (Incl GST of 18%)
-> Interest = ₹7,184
-> EMI (Monthly Repayment)= ₹8,932
Total amount to be repaid = ₹1,10,684
*Interest Rate varies based on your risk profile

Make sure you have documents listed below:
👉 PAN Card,
👉 Aadhaar Card, or Voter ID/Passport
👉 Last 6 months Bank Statement
👉 Last 3 months of Salary Slip (for salaried)
👉 Last year’s ITR

💰 Invest Money in P2P Loans
Faircent offers lenders a unique opportunity to invest in the alternative asset class of P2P loans. You can invest by lending to pre-verified borrowers and earn high returns.

• Simply Install the App to Open Your Lender Account
• Add funds to your Escrow Account to Invest
• Invest in Your Choice of Loans
• Get started with Money Lending Online now

⭐ Features:
1. Invest in borrowers across the country
2. Minimum investment amount – INR 750
3. Offering one of the best return on investment
4. Enjoy regular passive income
5. Easy loan portfolio diversification
6. Best Investment Options for Salaried Person
7. Best Investment Plan to build retirement wealth
8. Best Short-Term Investment Plans

🔒 Security and Protection of Privacy:
Faircent practices transparency and we have no hidden costs and don't take margins from interests decided mutually between the borrower and lender. Please visit https://www.faircent.in/privacy-policy for more info.

☎️ Support
You can contact us at support@faircent.com!
Updated on
Dec 19, 2023

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
This app may share these data types with third parties
Photos and videos
This app may collect these data types
Personal info, Financial info and 4 others
Data is encrypted in transit
You can request that data be deleted

Ratings and reviews

5.66K reviews
Omkar Shelar
April 3, 2024
Believe me everyone this is one of fake loan application they charge processing fees at first place plays with your documents and after wasting your time they said we are unable to process your request. Shame on you and the biggest scam is they initially process the loan request via Mani finances so it means there are multiple companies involved in this scam. Hope you guys understood!
4 people found this review helpful
January 26, 2021
I don't know how the hell does this app even work.....they tell you that you are eligible & your credit score is perfect & literally force you to submit the documents saying that you are eligible for sure....they even take the fees & suddenly reject the loan. Moreover, the executives only know to call for getting the documents & processing fee....but for any query or service, they ask to call back but never call back. Disgusting experience.....I was referred by one of my colleagues but very bad
81 people found this review helpful
Fairassets Technologies India Pvt. Ltd.
January 29, 2021
HI Ma'am, The fee we take is a one time filing fee charged towards the time, effort and resources used to evaluate an application. We encourage you to read all TnC provided on the website https://www.faircent.com/interest-rates-and-fees before applying. Thanks.
A Google user
October 17, 2019
My experience with the app so far has been good. I would suggest to include processing fee charged by Faircent for investors to analyse total cost of investment on this venture. Recently, ive been facing issues to recharge escrow account through app. On choosing the submit option for recharge, the app automatically restarts and this issue has been there for the last one month. I had to login through browser to complete recharge.
105 people found this review helpful
Fairassets Technologies India Pvt. Ltd.
October 18, 2019
Sir, thanks for feedback. Please update the app and try to logout & login again to refresh the data on the app. We have also escalated your concern to the relevant team. If the issue still persists, you can write to us on support@faircent.com. Thanks

What's new

-Added new user account deletion feature, giving you more control over your account and data.
-Updated our Customer Support Team contact number for quicker and more efficient assistance.