How to take Fair Money Loan
How to take Fair Money Loan ? Fair Money Loan App Interest Rate, Review & Customer Care Number: Friends, you must have needed money at some point of time or in an emergency. In such a situation, you must have borrowed money from your friends and relatives. But the circumstances are not always the same. Sometimes even our friends and relatives do not have money. And the transaction of money in relationships is not right.
Today we will tell you about one such app. From where you can take a loan for your smallest needs to big needs. The name of this app is: Fair Money Loan app. In today’s article, we are going to talk about this topic.
In this article, we will know what is Fair Money Loan App? (fair money loan kya hai). How much loan can I get from Fair Money? For how long will you get a loan from Fair Money? How much interest will be charged on taking loan from Fair Money? (fair money loan interest rate) Who can take loan from Fair Money? What documents are required to take loan from Fair Money? Why take a loan from Fair Money only? About the main information like. So let’s go friends. Know about this loan app. And we will tell you whether it will be right or wrong to take loan from this app.
What is Fair Money Loan App? (Fair Money Loan )
Fair Money is a fast, secure, reliable and free Android Mobile Banking App available in India. Through which we can get personal cash loan cash loan. You don’t have to make any big fuss for this. For this only you have to download fair money loan app. And sign up in the app using your mobile, Aadhar and PAN card number. After this you will be asked to answer some questions. Based on your CIBIL score and your eligibility and eligibility, you are given an instant cash loan within 5 minutes.
How much loan will I get from Fair Money?
Now you must be thinking that how much loan you can take through this app. So let’s know how much loan you can take through this app. You can take a loan amount from as low as Rs. Fair Money App provides loan service from minimum Rs 750 to maximum of Rs 50,000. You can also take loan from here for daily needs to business work. As is the loan amount limit through the app.
For how long will you get a loan from Fair Money?
Now you must be wondering what is the repayment tenure of this loan. As we mentioned that you can take loan amount from Rs 750 to Rs 50,000 through this app. Which you have to return within 61 days to 180 days. The loan tenure is decided based on the loan amount. The loan tenure is directly related to the EMI. The higher the EMI, the quicker the loan amount gets repaid. So this period can be different for everyone.
How much interest will be charged on taking loan from Fair Money? (Fair Money Loan Interest Rate)
While taking a loan from a bank or NBFC, one should know about the interest rates of the bank. Because if the interest rate is high then there is no use of taking loan from that bank. On the contrary, you only suffer. So let’s know. About the interest rates on the Fair Money Loan app. Loan can be availed on Fair Money Loan app from minimum 12% to maximum 36% per annum. App interest rates can vary from individual to region. Therefore, it is important to know about your interest rates before taking a loan.
Suppose you took a loan of Rs 5000 at the rate of 24% (per annum) for a tenor of 61 days. We see that:
Interest = ₹5,000 x 24%/365 x 60 = ₹200.
Processing fee = ₹5,000 x 5% = ₹250 (On which ₹45 is charged for GST.)
Total cost of loan = ₹450
The total disbursed amount will be ₹4,705 (₹5,000 – ₹295).
The total amount to be repaid will be ₹5,200 (₹5,000 + ₹200).
What are the documents required to take loan from Fair Money?
Friends, let us tell you that Fair Money App has tried to get at least the documents from the customers. So that customers do not have to go through any huge paperwork process. Under this, he asked for very few documents while designing the app. You will be surprised to know that you only need Aadhar card and PAN card to take loan from Fair Money Loan App. On the basis of these two documents only you can apply for loan.
Why take a loan from Fair Money only?
Friends, there are many such apps in the market. who give you loan. So it is natural for you to have a question that why take a loan from this app. So friends, let’s find the answer to this question.
- Minimal paperwork. You have to go through minimal paperwork.
- Once your loan is approved, the money is credited to your account within 5 minutes.
- Loans can be taken for both small to large needs.
- A good tenure is given for repayment of the loan amount.
- Your credit history is not asked. Neither your previous credit card record is seen.
- The process from availing the loan to disbursing the loan amount is digital.
Who can take loan from Fair Money? (Eligibility for Fair Money Loan App)
- The applicant should have any employment. Either he is salaried or he has some self-employment (self-employed).
- Applicant should earn at least 15000 rupees in a month.
- The applicant’s monthly salary is deposited in the bank account.
- To avail a loan from the Fair Money Loan app, your credit card score should be above CIBIL score of 650.
- The age of the applicant should be between 18 years to 58 years.
How to take loan from Fair Money? (Fair Money Loan Kaise Le)
- Download FairMoney Loan App in Google Play Store
- Sign up with your phone number.
- Create your own secure PIN. Do not share this pin with anyone.
- Now you can request loan in the home page.
- Click on ‘Apply’ on the home page.
- Answer some simple questions. These questions play a role in deciding your loan amount.
- Verify your identity. So that your loan can be approved.
- After that get a loan offer.
- Choose the amount and tenor for your loan. First decide how much EMI you can pay per month. Later, penalty is levied for late EMI.
- Accept loan offer.
- Enter bank details to get your loan directly into your bank account.
Fair Money Loan App Customer Care Number
Fair money does not provide help to its customers with mobile phones. But the email service certainly does.
For any questions, comments and issues, please contact Fair Money. Send an email to email@example.com or firstname.lastname@example.org.
Fair Money Loan Review
So far more than 50 lakh people have used / downloaded the fair money loan app. The popularity of this app can be gauged from the fact that there are reviews of 1 lakh people on Playstore. Its (Fair Money Loan Review) rating is 4.4. There is a lot of positive comments about fair money loan. This is probably the most difficult aspect of any banking app (Fair Money Loan Review).
Because when you read reviews, some people meet like this. Those who seem satisfied with all the services of the app. While some are like this. After reading whose comments and reviews DGP, it seems that this loan app is not a fraud. When we read the reviews of Fair Money Loan App, we found that most of the reviews are positive. In which very good quality of the app has been told. And the loan process has also been found to be easy and profitable.
But some people are not satisfied with the app. Some people believe that this app is only suitable for beginners. Loan is not available after one time. It is safe to take a loan from the app. App is not fraud. It can be verified. It can be difficult to get any type of loan. You can get to see them here too. We would advise you to visit the Play Store to see the negative reviews of the app. So that you can know what problems you may have to face.. And how these problems can be avoided.
Conclusion (How to get Fair Money Loan)
Friends, through this article, we learned “Fair Money Loan Kya Hai Aur Kaise Le? What are Fair Money Loan App Interest Rate, Review & Customer Care Number. And what are the tenure and interest rates for taking loan from it. Take a loan and also talked about various aspects. We have included every type of information related to the loan in the article. We hope that you liked this article. If a friend or relative of yours wants to take a loan, then you can help by sharing his article.
If you have any doubt or query in your mind then you can feel free to ask it in the comment section. We request you to spread the post to as many people as possible through social media sites like Facebook and WhatsApp. So that more and more people can be benefited. How did you like the information given in this post? Do tell us this by commenting. Thank you.
Disclamier : This is not any financial advice.Loans and investments involves risk.So stay alert before entering any of this process.Finally this website just provides information about various loan apps.This website is not responsible for your profit or losses.
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