Greetings, dear readers! You may have come across the saying that “money is not everything” at some point in your life. However, in today’s world, the importance of money has taken a different turn. Money has become a vital aspect of our lives, allowing us to achieve various goals. It serves as a reliable companion during challenging times, providing the means to overcome obstacles. With money, we can conquer any problem and fulfill our desires. Therefore, if you’re in need of funds, worry not! Today, I bring to you an exceptional loan app called FairMoney Loan App that can solve all your financial woes.
How to apply for a loan from FairMoney Loan App?
Applying for a loan through FairMoney Loan App is a straightforward process. Simply download the app, register your mobile number, and fill in your basic information. Next, upload the necessary documents, and once your loan is approved, the loan amount will be disbursed directly into your account. It’s that simple!
Who will get loan from FairMoney Loan App?
FairMoney Loan App is designed to cater to the needs of Indian citizens above the age of 18. If you meet these criteria, you can take advantage of the low-interest rates, hassle-free loan approvals, and generous repayment periods offered by this app.
How much loan will be available from FairMoney Loan App?
FairMoney Loan App offers a wide range of benefits to its users. Let’s delve into the specifics. Firstly, you can avail yourself of a loan of ₹1,000 up to ₹60,000 through this app, ensuring that your financial needs are adequately met. Moreover, the flexibility of loan repayment periods is remarkable, allowing you to choose a timeframe ranging from 90 days – 180 days, giving you ample time to repay the borrowed amount.
What will be the rate of interest for taking loan from FairMoney Loan App?
When it comes to the interest rates, FairMoney Loan App offers competitive rates that range from 12% to 36% annually. This ensures that you can secure a loan at favorable terms, easing the burden on your financial journey. To apply for a loan, you will need to provide essential documents, including your Aadhar card and PAN card.
Example:
Borrow ₹5,000 at an APR of 24% (per annum) with tenure of 90 days
Interest = ₹5,000 x 24%/365 x 90 = ₹296
Processing fee = ₹5,000 x 5% = ₹250 (on which GST apply of ₹45)
Total cost of the loan = ₹546
Total amount disbursed will be ₹4,705 (₹5,000 – ₹296)
Total amount to repay will be ₹5,296 (₹5,000 + ₹296)
Two monthly repayments of ₹2,648
You may be charged up to 0.2% daily late fees for late payments (capped to 18% of principal amount overdue).
What are the documents required to take a loan from FairMoney Loan App?
- Aadhar Card
- Pan Card
FairMoney Loan App Customer Care Number
If you have any queries or require assistance, the FairMoney Loan App customer care team is readily available to support you. You can reach them via email at help@fairmoney.in.
Who is the Founder of FairMoney?
Laurin Hainy
Conclusion
The FairMoney Loan App is a game-changer in the world of digital lending. With its fast and easy application process, transparent terms, and flexible loan options, FairMoney provides a reliable and convenient solution for those seeking financial assistance. By combining technology, data analytics, and a customer-centric approach, FairMoney empowers individuals and businesses to access funds quickly and responsibly, ultimately promoting financial well-being and inclusion. If you’re in need of a loan, give FairMoney Loan App a try and experience the convenience and efficiency it offers firsthand.
We hope this information about the loan amount, repayment duration, interest rates, eligibility criteria, and application process for FairMoney Loan App has been helpful to you. We appreciate the time you’ve taken to read this post. Should you have any further questions, feel free to reach out. Thank you!
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