Faircent Business Loan
As a business owner, you may have faced sudden requirement of funds. This could be to expand business operations, fulfil inventory requirements or for any other reason that would enable you to grow your business. A business loan taken on Faircent.com, India’s largest Peer to Peer Lending website can be your best option with interest rates upto 4% lower than banks and fast, easy access to funds.
At Faircent.com, borrowers deal directly with registered lenders thereby removing intermediary costs and margins of banks and financial institutions ensuring you get the best interest rates. Based on the financial documents submitted by you, the automated underwriting engine at Faircent determines the maximum loan amount, rate of interest and the loan tenure at which you can avail your business loan.
The recommended rate of interest ranges from 12% p.a. to 28% p.a. and the loan tenure ranges from 6 months to 36 months. An individual can take a loan for business purposes up to ₹ 10 lacs. For e.g. an individual borrowing ₹ 2 lacs for 24 months @18% p.a. will have an EMI of ₹ 9985/- per month.
In order to assess your profile, process and list your business loan requirement Faircent charges a small fee of Rs. 500/-. This is adjustable against your processing fees payable only after your loan is through.
So, register today to list your business loan requirement and avail the lowest interest rates.