FairMoney Instant Personal Loan App provides quick and easy financial solutions.
Instant personal cash loans ranging from 1,000 to 60,000 with payback terms ranging from 61 days to 180 days and yearly interest rates ranging from 12% to 36% confirmed in under 5 minutes, with no collateral or paperwork, and sent immediately to your bank account.
FairMoney Instant Loan Quick Recap
|LOAN AMOUNT||Rs.1000- Rs. 60,000|
|LOAN TENURE||61-180 DAYS|
|LATE FEES CHARGE||0.2% DAILY|
|ELIGIBILITY FOR||STUDENT/ HOUSEWIFE|
What is FairMoney?
FairMoney is a free Android mobile banking app that is quick, safe, and dependable. It makes getting a personal cash loan simple and quick: download the app, join up with your cell, Aadhaar, and PAN numbers, answer a few questions, and receive rapid cash loans authorized within just 5 minutes.
Also Read: Lendbox Instant Loan
Benefits of FairMoney Instant Loan
Instant Loan: Depending on your creditworthiness, you can borrow as little as Rs 1,000 and as much as Rs 60,000 with FairMoney Instant Loan. You don’t need to worry about a co-signer or collateral because neither is required.
No Paperwork: One of the critical advantages of this type of loan is its convenience since it can be applied online and requires no further documents.
Fast Approval: It’s a low-interest personal loan for people who can’t afford it. This company may provide a loan in as short as 24 hours. It saves time and money by eliminating the need to interact with banks and other traditional lending providers.
Minimum Documents: To apply for a personal loan, simply provides a pan card, Aadhaar Card, and most current bank statements.
Fully Digital: The digital process allows you to apply for a loan without ever stepping foot in a bank. There is no paperwork to complete or applications to submit to make matters simpler. You may be able to acquire a smaller loan amount if you have a poor credit score.
Also Read: Top 7 loan app in India
FairMoney Instant Loan Charges
|Interest rate||12%-36% per annum|
|Late Fee||0.2% Daily|
FairMoney Loan Eligibility & Documents
According to the FairMoney Policy, only an Aadhar card and a Pan card are necessary for a term loan, but if you ask for a large sum, such as Rs.10,000, bank statements must be attached.
- Aadhar card
- Pan Card
- Bank Statement
- Selfie Photo
- Cibil Required
- Indian Resident
Also Read: Get instant loan without salary slip
How to Apply For FairMoney Instant Loan
Step 1: Install the FairMoney Loan App from the Google Play Store.
Step 2: Sign up with your phone number
Step 3: On the home page, click ‘Apply.’ Answer a few easy questions
Step 4: Verify your identification in order for us to make you a loan offer.
Step 5: Receive a loan offer
Step 6: Choose the amount and term of your loan
Step 7: Accept the loan offer
Step 8: Enter bank information to have your money sent immediately into your bank account.
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