Why Faircent Pocket Loan is one of the Best Online Personal Loan Apps?

Looking for a way to get a small loan to cover unexpected expenses? Look no further than Faircent Pocket Loan!

  • With Pocket Loan App, you can get the cash you need quickly and without having to have awkward conversations with friends and family to borrow money.
  • Get started with a loan amount of ₹1,000 going to ₹25,000. Your good track record of repayment of your loan will help you to access loans for a higher amount that can go up to Rs. 25000.
  • Easy 4-Step application process complemented by Instant approvals with fast disbursements makes getting the money in your account a breeze.
  • Low interest rates are determined by the Faircent automated credit appraisal mechanism.
  • Re-apply once your loan is paid to get Instant Repeat Loans within minutes.
  • Brought to you by India’s 1st and largest (P2P) lending platform, Faircent.
To meet your instant cash needs!
Download and Apply Now

What are the Key Features of the Pocket Loan App?

Faircent Pocket Loan helps salaried and self-employed people all over India to get quick personal loans. You can get loans from ₹1,000 upto ₹25,000 to meet your urgent need for funds. You can choose a tenure from 2 months to 6 months to repay your loan conveniently.

Loan Amount:
Rs 1,000 to Rs 25,000

Tenure Flexibility:
2 Months to 6 Months.

Minimum Salary:
Rs 25,000

Documentation:
No Documentation, just PAN and AADHAAR details.

Disbursement:
Fast Disbursement

What’s more?
Free Faircent Credit Score based on your relationship and financial history

Get an instant personal loan with minimal or no documentation!
Download and Apply Now

Who can take an instant personal loan from Pocket Loan App?

The key eligibility criteria for taking an instant personal loan from Pocket Loan App are as follows:

  • Age: 21 to 58 years
  • Income above Rs. 25,000 per month
  • Good Credit History
  • Salaried or Self Employed Citizen of India
Online personal loan that offers fast disbursal across India!
Download and Apply Now

So why wait? Apply for an Instant Personal Loan in just 4 simple steps:

1
Complete your loan application and get an offer.
2
Choose loan amount, tenure and accept the offer based on your requirements.
3
Complete your e-verification and setup Auto Debit of EMIs from your Bank account.
i
4
Sign Agreement and get the loan amount credited into your Bank account.
For Instant Personal Loan with an easy online application!
Download and Apply Now

Pocket Loan Spotlight

What fees are charged for Instant Personal Loan Online by Pocket Loan App?

  • Rate of Interest: Flat 2% to 3% per month depending on your chosen Loan Tenure.
  • Processing Fees % (Including GST): 10% of the loan amount.
  • Late Payment Charges: For loan amount upto ₹5,000 late payment charges of ₹50 per day and for loan amounts above ₹5,000 late payment charges of ₹100 per day will be applicable. Late payment charges is applied for each missed EMI and are charged after the 4-day grace period for the entire period of delay from the first overdue EMI date.
  • Bounce Charges: For every missed EMI a one-time bounce charge of ₹100 for loan amount upto ₹10,000 and ₹500 for loan amount above ₹10,000 will apply.
  • Overdue Interest: An overdue interest calculated at the rate of 18.00% per annum will be applicable after the 4-day grace period. Overdue Interest will be charged on Overdue Principal for the entire period of delay from the first overdue EMI date.

Pay your EMIs on time and you will not have to pay any overdue interest, late payment, or bounce charges. It will help you build a healthy Credit Score, and unlock higher loan limits on the Pocket Loan App.

A representative example of the total cost of a loan:

For ₹25,000 borrowed for 6 months, with an interest rate of 3.00 % per month (@36% per annum)*, a user would pay:

  • Processing fee (@ 10%) = ₹2500 (Include GST of 18%)
  • Interest (@3 % per month)= ₹2690
  • Amount Disbursed = ₹22,500
  • EMI (Monthly Repayment)= ₹4615 (Calculated on Reducing Balance Method)
  • Total amount to be repaid = ₹ 27690

The penalty is charged only when someone delays their scheduled payment.

*Interest Rate varies based on your Loan Tenure

Get the Instant personal loan with no hidden charge!
Download and Apply Now

About Faircent

Brought to you by FAI₹CENT (Fairassets Technologies India Pvt Ltd) India’s leading Peer-to-Peer (P2P) lending platform and first NBFC-P2P to receive a Certificate of Registration (CoR) with the number N-14.03417 provided by the Reserve Bank of India allowing operation as an NBFC-P2P (Non Banking Financial Company Peer-to-Peer Lending) in India.

Download the Instant personal loan app from a credible NBFC-P2P!
Download and Apply Now
DISCLAIMER

Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by Fairassets Technologies India Pvt. Ltd, and does not provide any assurance for repayment of the loans lent on it. Fairassets Technologies India Pvt Ltd (Faircent.com) is having a valid certificate of registration dated May 16th, 2018 issued by the Reserve Bank of India under Section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or the opinions expressed by the company and for repayment of deposits / discharge of liabilities by the company.

The information contained herein is only to enable the Lender to make a considered decision. Any decision taken by the Lender on the basis of this information is the sole responsibility of the Lender and Faircent is not liable. This information does not include any sensitive personal data or information of the Borrower. Faircent only facilitates a virtual meeting place between the Borrowers and the Lenders on its online platform. The decision to lend is entirely at the discretion of the Lender and Faircent does not guarantee that the Borrowers will receive any loans from the Lenders. Faircent merely aids and assist the Lenders and the Borrowers listed on its website to make and receive loans and charges a service fee from the Lenders and the Borrowers for such assistance. Faircent is only an ‘Intermediary’ under the provisions of the Information Technology Act, 1999.

Our attention has recently been drawn to the fraudulent activities of persons who misrepresent to third parties that they are employees or authorized representatives of Faircent.com in order to cheat them. Please be aware that the only legitimate domain for Faircent.com is www.faircent.com. We urge you to please verify that any borrowing/lending opportunities are legitimate by checking with us at the below mentioned contact details. If you are in doubt about any email, phone call, communication, etc, please do not respond by revealing personal information about yourself or your company and strictly refrain from forwarding any money to third parties prior to verification with Faircent.com . To verify borrowing/lending opportunities or to report any suspicious behavior, please contact us at [email protected] or 0120-4659902 between 9:30 am to 6:00 pm IST from Monday to Saturday.

We are happy to observe that there are people who have complimented Faircent by posting videos on YouTube and commented on social media platforms. We wish to notify everyone that the views expressed by these people on YouTube videos and other social media platforms are their own and they have expressed these views of their own free will without any request by Faircent, or at the behest of Faircent in any manner. Faircent therefore request you not to rely solely on their views and comments, but to use your own judgement and knowledge about investing on P2P platforms, including Faircent.

Copyright © Faircent 2022. All Rights Reserved.