Can I invest in Faircent?

Can I invest in Faircent?

Faircent offers another financial instrument or investment strategy by introducing a new asset class called peer to peer loans. A lender can invest in loans characterized by an interest rate, loan amount and duration. Based on the risk appetite, an investor can invest in loans raging from 12% to 36% interest rates.

What is Faircent? is India’s largest peer to peer lending website which caters to retail and business loans and also the first to be recognized as an NBFC-P2P by the RBI.

How do I pay my Faircent EMI?

How to Make Faircent Loan Repayment?

  1. Click on ‘EMI Payments’ under the ‘Recharges & Bill Payments’ section.
  2. Select ‘Faircent’ as your operator.
  3. Enter the necessary user details as asked like loan number etc.
  4. Click on ‘Continue’
  5. Check your EMI Amount, apply the discount voucher & make the payment.

Which P2P lending is the best in India?

Lendbox– Lendbox is located in New Delhi and is one of the leading P2P lending platforms in India. This RBI certified NBFC-P2P company has around 2,00,000 registered borrowers and 20,000 registered investors. With an average ROI of 24%, this platform can help you save more and create a stable passive income.

How safe is Faircent?

This is a fake company they will take 500 rupees and will not process your loan. Even if you have good CIBIL score they will cancel the loan request. Do not invest money here.

Is Faircent an NBFC? has received its non-banking financial companies (NBFC)-Peer-to-Peer (P2P) certification from the RBI (Reserve Bank of India). The accreditation makes Faircent the first P2P lending platform in the country to receive the certificate of registration as an NBFC-P2P by the national regulator.

What is meant by debt financing?

Debt finance is borrowed money that you pay back with interest within an agreed time frame. The most common forms of debt finance include bank loans, overdrafts, mortgages, credit cards and equipment leasing/hire purchase.

Is it safe to invest in Lendbox?

How do I know my investment is safe with Lendbox? Lendbox is registered with RBI as an NBFC-P2P, and as per RBI regulations, all the funds deposited by lenders are parked in our escrow account before they are disbursed to borrowers.

Can I give loan online?

Peer-to-peer lending, also referred to as P2P lending, is an alternative financing method which allows individuals to avail loans from other individuals through online lending platforms.

Is Lendbox RBI certified?

Lendbox gets NBFC-P2P Certification from RBI (Reserve Bank of India) We are excited to announce that Lendbox is now an RBI registered NBFC-P2P making us a fully authorized and regulated entity which can legally operate a P2P Lending Platform.

Can you get rich from peer to peer lending?

Peer to peer lending is one of the most simple and effective ways I’ve ever found to make passive income. It has outperformed my stock picks, selling old baseball cards, my own business ideas – everything. I’ve earned more money through it than I’ve earned at anything else except my day job.

How do I delete my Faircent account?

If you would like to deactivate or terminate your account you can also contact us at [email protected] Tell-A-Friend If you choose to use our referral service to tell a friend about the Website or Faircent Services, we will ask you for your friend’s name and email address.