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PEER TO PEER BORROWING

WE facilitate solutions to personal financial needs. The advantage of coming to FAIRCENT platform for borrowers is increased    likelihood to secure the loan at a lower rate of interest compared to a bank loan. You get funded within hours your loan is listed at lowest interest rates as no intermediary costs & margins leading to lowest rates. 

WHY BORROW ON FAIRCENT

Borrowers have always been at the receiving end. Traditionally, it is the lender who decides the amount that a borrower can get as well as the rate of interest. Now, for the first time, Faircent empowers the borrower and makes him an equal to the lender. It is a unique P2P platform that brings potential borrowers and lenders together to facilitate their transactions.

Faircent is a fair and open online marketplace where borrowers can borrow money directly from individuals and institutional lenders thereby removing intermediary costs and margins and get better rate of interest as compared to banks and other financial institutions. Credit worthy borrowers can expect multiple lenders interested to fund their requirements.

A Borrower simply clicks on the Sign up Now icon, enters some basic information, pays the registration fees and uploads the documents required. Based on these documents, every borrower will be identity-verified, credit-checked and risk-assessed and our automated system will provide an indication about the Borrower’s capability to efficiently repay the loan. The rate of interest ranges from 12% to 28% and the loan tenure from 6 months to 36 months. With the aim to include those with limited credit history, Faircent has launched the Unrated Borrowers category. This segment of Unrated Borrowers is listed at higher interest rates. Once the loan is listed, multiple lenders can view the listing and send proposals to fund it at the suggested interest rate. To secure the interests of the Lender we have proposed a system where a lender can fund up to 20% of a loan requirement. Hence, each loan will be funded by at least 5 lenders. All proposals are accepted on first come first serve basis. Minimum 75% funding of the loan amount has been achieved Official loan agreement between Lender and Borrower has been signed Borrower has provided the required number of Post-Dated Cheques Faircent will inform the lender through email to proceed with the disbursal after ensuring all checks are complete. Applicable one-time Administrative Fees is deducted by Faircent from the loan amount before disbursal of amount to the borrower

       STRUGGLING WITH DEBT ON CREDIT CARDS , WISH TO CONSOLIDATE LOANS UNDER A SINGLE LOW COST PERSONAL LOAN, THEN BORROW AT FAIRCENT.COM 

                       APPLY FOR  # BUSINESS LOANS      # PERSONAL LOANS 

Faircent does not consider any cause to be unworthy for a loan. There are no set restrictions on the reason for seeking a loan, other than the obvious condition that the money is not to be used for any illegal or prohibited purpose under Indian laws. 

APPLY THROUGH THIS LINKhttps://www.faircent.com/borrower/registration/landing_page?utm_source=wl&utm_m

     


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SUBRAMANIAM P R,
3 Nov 2019, 00:46
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SUBRAMANIAM P R,
3 Nov 2019, 00:45