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Faircent Double(FD)
Are you looking for a Fixed Deposit but with better returns? Then you should definitely look at Faircent Double.
If you don't live under a rock, you must have heard of the term "Fixed Deposit". Fixed deposits are low-risk investments that earn interest rates above FDIC-insured bank accounts and CDs. Faircent Double is a unique fixed deposit kind of investment tool that's great for investors looking for a way to get higher returns on their money. This sounds somewhat like a dream come true investment option, doesn't it? Well, let's take a look at how Faircent Double actually works and its benefits.
Making the Process Easier, So You Can Save the Right Way!
We don’t want you to wait further for your big savings. Therefore at Upniva, we have made the Fixed Deposit process as easy and smooth as possible for all applicants. All it takes is just a few steps.
Visit Our Website
For the first step, you will have to visit our website to explore the Investment options that fit your needs.
Select and Apply
Once you shortlist the Investment you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.
Features of Faircent Double Fixed Term (FD) Plans
At Faircent, they're on a mission to make borrowing and lending safe. As part of this mission, they have launched an investment product that is low on risk, and high on returns. Historically, P2P lending has been extremely volatile. When the market goes down there are hardly any investments available to our borrowers except high-interest savings accounts. This makes it difficult for borrowers to repay the loans they need because their earning power plummets. This unique product offers transparency, stability, and high returns that you don't need to worry about losing. In addition, it's a peer-to-peer (P2P) platform that allows you to become your own financial institution, making your investments grow in times of strong economy as well as when the economy takes a dip. Let’s Discuss its features and other information in detail:
High and stable returns up to 12%*p.a. | Wide choice of plans | Solid track record |
Track
Gross ROI of portfolio: Over 25% p.a | Average investment size: 3.5 Lakhs + |
Lenders have joined us: 2.5 Lakhs + | Reinvestment Rate: Over 80% |
Here Is How Faircent Double Works?
How Works?-
01
Step 1
Funds invested through a variety of plans are combined together
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02
Step 2
Borrowers are verified using 150 criteria, 400 data points and their credit history
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03
Step 3
Collected funds are disbursed as loans at rates from 10%* to 24%* p.a
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04
Step 4
Algorithms driven by data science help automate loan portfolio management
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05
Step 5
Loans are repaid through automatic debits backed by strong collections, recovery, and legal processes
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06
Step 6
You can get up to 14%* p.a. on your investment, based on the plan you choose
Changing the Way People Save for the Future
If the net returns are 15% per annum and the return on loans to be provided is 12% per annum, then the Faircent Portfolio Management Fee will be 3%. If the net returns are 11.5% per annum, then lenders get to keep 11.5%, while there is no Portfolio Management Fee.
Wide Range of Plans to Choose From
Faircent Double: Fixed Term Plans (Fixed Deposit Plans) | ||
Up to 12%* p.a returns Min. Investment: 50 k Tenure: 12 months (Interest & Principal paid at the end of term) | Up to 11%* p.a returns Min. Investment: 1 lakh Tenure: 6 months (Interest & Principal paid at the end of term) | Up to 10%* p.a returns Min. Investment: 2 lakh Tenure: 3 months (Interest & Principal paid at the end of term |
Faircent Double: Monthly Income Plans | |
Up to 10%* p.a returns Min. Investment: `50 k Tenure: 24 months (Interest credited monthly & Principal paid at the end of term) | Up to 10.5%* p.a returns Min. Investment: `50 k Tenure: 36 months (Interest credited monthly & Principal paid at the end of term) |
Faircent Double: Monthly Liquid Plans | |
Estimated ROI : Estimated Tenure : Minimum Lending Amount : Repayment : Faircent Fees : | Upto 12-14% p.a. 36 months Rs. 10,000 Monthly to your Bank Account Collection based |
Freedom Plan |
Up to 8.25 %* p.a returns Min. Investment: 3 lakhs On-demand release to escrow or other plans, post 24 hours of investment. |
What is a Faircent Double Investment Plan?
Don't Know How to Get Big Returns on Your Savings? Faircent Double FD is your Right Choice!We all want a great investment that will grow in value and returns. We also want to earn moderate returns every year. With Investing, that's always a catch as the market is always turbulent and risky. One must research and analyze a lot before they invest or just rely on their gut feeling. Now you must be wondering what is the difference between Faircent Double and a Fixed Deposit. Well, not much. Faircent Double works like a fixed deposit but gives more returns than normal fixed deposits. It's low on risk, and high on returns of up to 12%. Faircent Double can be certainly treated as a Fixed Deposit but with better returns.
FREQUENTLY ASKED QUESTIONS
Faircent is India’s first and largest peer-to-peer lending platform that aims to make money easily accessible to eligible individuals and small businesses. Whether you have extra money to lend or need a loan, Faircent provides better rates than banks.
The interest rates of Faircent Fixed Term Plans are 11- 12 % p.a.
Faircent Double offers a High and stable return of up to 12%*p.a.
The Average investment size of Faircent Double is 3.5 Lakhs +
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