Fairassets Technologies Pvt. Ltd.
India's first RBI registered peer-to-peer lending platform.
About Fairassets Technologies Pvt. Ltd.
Fairassets Technologies Pvt. Ltd., operating as Faircent in Gurugram, Haryana, is an NBFC-P2P lending platform. It provides a virtual marketplace connecting borrowers seeking loans with lenders looking to earn returns.
Services and products
- Personal Loan
- Business Loan
- Lending Service
- Borrower Registration Filing Fee · 500
- Loan Pre-Payment Fee · 500
Business details
Frequently asked questions
What is Fairassets Technologies Pvt. Ltd. (Faircent)?
Fairassets Technologies Pvt. Ltd. operates Faircent, which is India’s first RBI-registered peer-to-peer lending platform providing a virtual marketplace where borrowers and lenders interact directly.
Who can apply as a borrower on Faircent?
Borrowers applying through Faircent must be residents of India, at least 21 years old, earning members, and possess valid identity proof, income proof, and a bank account.
How are EMI payments and repayments handled on Faircent?
Repayments and monthly EMIs are made through automated online procedures using e-mandate or NACH auto-debit facilities from the borrower's salary account into an escrow account.
Can a borrower pre-pay their loan on Faircent?
Yes, a borrower can choose to pre-pay the entire loan amount after three months from the date of disbursal without penalty, or earlier by paying balance interest due to lenders for a three-month period.
Is Faircent regulated by the Reserve Bank of India?
Yes, Faircent holds a valid certificate of registration issued by the Reserve Bank of India under Section 45 IA of the Reserve Bank of India Act, 1934, as an NBFC-P2P.
More Loan Agents in Gurugram
A specialized non-banking finance company providing rural and agri-business financial solutions.
Call now