Faircent - Loans & Investments Android

Faircent - Loans & Investments

Invest where you can grow faster. Lend your money to creditworthy borrowers.

Features & Capabilities

Faircent - Loans & Investments is India's leading Peer to Peer (P2P) lending platform, registered with the Reserve Bank of India as an NBFC-P2P. Founded in 2013, Faircent connects borrowers seeking personal or business loans with lenders looking for high returns. It offers loans ranging from ₹30,000 to ₹10,00,000 with varying interest rates and repayment tenures.

For borrowers, Faircent provides instant personal loans without collateral and online processing. Lenders enjoy the opportunity to invest in verified borrower loans starting from just ₹750, earning competitive returns with portfolio diversification and regular passive income. The platform prioritizes security and transparency with no hidden costs. Download the app to start lending or borrowing today, and benefit from a trustworthy financial marketplace designed for faster growth and reasonable credit.

User Growth & Download Statistics

Contact the developer

Chrome-Stats does not own this Android app. Please use these information below to contact the Android app developer.
Developed by:
Fairassets Technologies India Pvt. Ltd.
Google Play Store
https://play.google.com/store/apps/details?id=com.app.faircent
Email:
su*****@faircent.com
Website:
https://www.faircent.in

User Reviews

Users commonly experience poor customer support, delays in loan processing, and technical issues with login and app functionality on 'Faircent - Loans & Investments'. Many report financial losses due to defaults and unclear fee structures. While some appreciate the app's design and features, serious concerns remain about fund withdrawal, loan verification, and transparency. Investor and lender trust is affected by inadequate collection efforts and communication gaps. The app requires significant improvements in customer service, stability, and financial clarity to meet user expectations.
Pros
  • The app has a good overall look and feel with user experience comparable to the website.
  • App performance is generally stable without major issues reported by some users.
  • Provides useful features for loan management and investment tracking.
  • Includes options for lenders to monitor repayments and loan statuses.
  • Allows partial functionality for investors and lenders on the go.
Cons
  • Poor customer support with unresponsive teams and lack of follow-up on queries and issues.
  • Delays and difficulties in loan processing, verification, and withdrawal of funds; loans are not instant as advertised.
  • Login and registration issues including OTP failures, account blocking, and limited login options cause accessibility problems.
  • Financial discrepancies with repayment amounts and investment returns; many report losing money due to defaults and commissions.
  • Transparency and communication issues about fees, processing charges, document requirements, and agreement details.
  • App crashes and technical glitches such as stuck loading, app restarting during recharge, and wrong details in agreements.
  • Poor collection efforts on defaulted loans and lack of timely recovery of principal and interest.
Recent reviews
there is nothing fair about this app. they will never respond to your email. My ~5000 rupees principal is delayed... Faircent should thank me for not mentioning the days/months. edited on 19-11-2024: my money is still stuck. Don't fall for these apps.
by RA*****, 2024-11-19

I had been a lender on a platform since 7+ Years. It had been hard time pulling out all my money. Many times they put restriction on withdrawing fund. Now, they have blocked my id from login. I will be writing to RBI next if my entire money is not sent back to my bank account in next 2 days.
by Ab*****, 2024-09-23
View all user reviews ›

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