Description of Personal Loans With Fairmoney Instant Loan App Apk
FairMoney Instant Loan App answers your cash needs fast and easy!
Instant personal cash loans from ₹750 up to ₹50,000 with repayment periods between 61 days to 180 days at annual interest rates that range from 12% to 36% per annum – validated in under 5 minutes, without collateral or paperwork and delivered directly to your bank account!
We work only with Apollo Finvest, a financial institution in India, regulated by RBI & with an NBFC licence. We are legally compliant.
💸 Loan characteristics:
Loan amount from ₹750 to ₹50,000
Repayment periods from 61 days to 180 days
APR from 12% to 36% per annum
Processing fees range from 3% to 12% (GST 18% applies)
You may be charged up to 0.2% daily late fees for late payments (capped to 18% of principal amount overdue).
No other hidden fees applicable to your loans!
🌟 What is FairMoney?
FairMoney is a fast, secure, reliable and free Android mobile banking app, available in India. We make getting a personal cash loan easy and fast: download the app, sign up using your mobile, Aadhaar and PAN numbers, answer a few questions and get instant cash loans approved in under 5 minutes!
📋 An example of a FairMoney loan
Borrow ₹5,000 at an APR of 24% (per annum) with tenure of 61 days
Interest = ₹5,000 x 24%/365 x 60 = ₹200
Processing fee = ₹5,000 x 5% = ₹250 (on which GST apply of ₹45)
Total cost of the loan = ₹450
Total amount disbursed will be ₹4,705 (₹5,000 – ₹295)
Total amount to repay will be ₹5,200 (₹5,000 + ₹200)
Two monthly repayments of ₹2,600
You can repay your loan using Netbanking, UPI, debit card or wallets (Paytm, PhonePe…). Also, use auto-debit to your UPI app, bank account or debit card to automatically repay your loan on time and take new loans even faster!
👍 Why choose FairMoney?
Need business or personal cash loans on the go? FairMoney is the answer!
We are working hard to provide you with the best loan services to make your life better. Very soon you will look to FairMoney for daily payments, current account, savings and much more!
– All you need is your phone, Aadhaar and PAN numbers to apply for a loan
– We will approve your loan in less than 5 minutes and fully online! Don’t wait for your loan approval anymore
– Be sure of what you will pay before you take a loan: no playing with money, no hidden fees with FairMoney
– Repay your loan without hassle using auto-debit and e-Mandate
– Spread your loan repayments in multiple instalments for more flexibility and ease
– We encrypt the data you choose to share with us to protect your privacy
– Build your credit score and get access to higher loans, discounts or flexible interest rates when loan repayments are made on time
– Build history with FairMoney and access more personal finance products very soon: current and saving accounts, debit cards and much more
📱 How to sign up on FairMoney app
– Download the FairMoney Loan App in Google Play Store
– Sign up with your phone number
– Create your secure PIN
– You can now request a loan in the home page
🌠 How to apply for a loan
– Click ‘Apply’ on the home page
– Answer a few simple questions
– Verify your identity so that we can give you a loan offer
– Receive a loan offer
– Select amount and period for your loan
– Accept loan offer
– Enter bank details to receive your loan directly to your bank account
💌 For more information, comments or suggestions
Send us an email at [email protected] from 9am-5pm every Mon-Fri.
Please provide the phone number you used to register in the app for faster resolution