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Faircent Double Loan
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 certainly be treated as a Fixed Deposit but with better returns.Powered By
Faircent Double Loan
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Here are a few factors
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 | Upto 12-14% p.a. |
| Estimated Tenure | 36 months |
| Minimum Lending Amount | Rs. 10,000 |
| Repayment | Monthly to your Bank Account |
| Faircent Fees | 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. |
Required Documents to Apply for FAircent double loan
KYC Documents
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Aadhaar
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Driving Licence
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Voter's Identity Card
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Passport
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Utility bills like Telephone Bill / Electricity Bill etc.
Income Proof Documents
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Latest 1-month salary slips
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Bank statements from the previous three months
Eligibility to Apply for FAircent double loan
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Applicant can be a resident of India as well as NRIs.
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Have a minimum stable income per annum.
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Provide all the documents mentioned in the checklist.
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The age of the applicant must be between 21 to 100
Note: The required documents and eligibility might change based on your credit profile and requirements
About Faircent Double Loan
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 changed with an unpredictable pattern. 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.
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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