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How Faircent Works

Faircent is India's first peer-to-peer (P2P) lending platform to receive a Certificate of Registration (CoR) as an NBFC-P2P from the Reserve Bank of India (RBI). Our mission is to provide a marketplace that connects individuals in need for credit with individuals and institutes willing to lend their access funds. We use technology to speed up the process and cut costs. Thus, we provide an opportunity to the borrowers to get their requirements funded at viable rates and help lenders get the best possible return on their investment.

Currently, our services can be availed only by Indian Residents. Once an interested individual seeks to register, we undertake a detailed verification process following KYC norms as laid down by various regulators. Thus, all personal and financial information pertaining to Borrowers and Lenders visible on Faircent has been verified.

So go on and SIGN UP now to try out this new business opportunity because Every % Counts!

The Process

On Faircent, visitors, as per their requirement, can register as lenders or borrowers. Faircent undertakes a comprehensive verification process based on personal, financial and professional information provided of all its registered Borrowers and Lenders.

An automated system suggests the loan period, loan amount and interest rate against each Borrower’s profile, which is indicative of the Borrower’s capability to efficiently repay the loan. Lenders can make offers to fund borrower’s requirement which are accepted on first come first serve basis. Both borrowers and lenders can strike deals with multiple members. Thus, lenders can fund a portion of the total loan requirement of multiple borrowers and borrowers can seek to raise money from multiple lenders.

Once an agreement is reached between the borrower and the lender, a formal contract is signed by them. The loan amount is then transferred to the borrower’s account and the borrower makes periodic repayments via EMI over the stipulated time period.

Repayment can be done through an online, automated process and tracked via their unique account on www.faircent.com. Faircent provides a fair, transparent, technology-driven platform for the whole process to happen smoothly and quickly.

So go on and SIGN UP now to try out this new business opportunity because every % counts!


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Kasturi Capital Services