How to Take Loan From Fair Money, Fair Money Personal Loan Apply Online 2022

Hello friends, here we are going to know what is Fair Money app, how to take a loan from Fair Money, and all that you want to know about Fair Money.

Friends, in today’s time, money is everything, that’s why it has been said that money is not God but not less than God, in today’s time no work is done without money.

Money is needed for every small thing, even if we do not have money, we do not have any value in our own house, without money no one even asks us.

Now everyone works and earns to earn money, but sometimes such a situation comes that we need a lot of money for some very important work.

And we do not have money, if we go to ask someone, then people say that we do not have it now and we feel very helpless.

So today I have brought a solution to this problem for you, through the app that we are going to tell you today, you can get money by taking a loan sitting at home and repay it later.

With this, your immediate need for money is also fulfilled, as well as you do not have to spread your hands in front of anyone, money comes to you sitting at home.

So the name of this app is Fair Money Loan App, through this app you can get an instant loan sitting at home and completing your important work.

Here we are going to tell everything about Fair Money Loan App like what is Fair Money app), how to take a loan from Fair Money.

How to apply for the loan on fair money, what documents are required to apply for the fair money loan app, for how many days you will get a loan from the fair money loan app, how much interest will be charged on taking a loan from fair money loan app, everything Here we are going to know in detail.

What is the Fair Money loan app?

Fair Money is a Fast, Secure, Reliable and Free Android Mobile Banking App Fair Money Loan App is a Loan App providing Instant Home Online Personal loans which you can download from Google Play Store, this App Launched on 11th Jan 2018. it was done.

And since then this app has been helping people in their times of need by providing online personal loans, till now it has more than 10 lakh installations on Google Play Store.

Fair Money Loan App works with Apollo Finvest Company which is an NBFC regulated by RBI in India and Fair Money is legally compliant.

With the help of this app, you can also take a loan for as little as Rs 750 at the time of need and get your work done at the time of need.

How much loan can I get from Fair Money App?

With the Fair Money Loan App, you can take an instant personal cash loan from Rs 750 to Rs 50000, this loan is valid in 5 minutes and the loan available on it is collateral-free.

That is, to take a loan on the Fair Money app, you do not have to give any kind of security, along with this, no paperwork is also required, the money is directly transferred to your bank account.

For what tenure one can get the loan on Fair Money App?

You get 61 days to 180 days for the repayment of a loan taken on the Fair Money App, meaning you get a loan from 61 days to 180 days on the Fair Money App.

How To Take Loan From Fair Money?

Now you will also have the same question in your mind how to take a loan from Fair Money App, then to take a loan from Fair Money App you have to follow these steps =>

  • Go to Google Play Store and Install Fair Money App.
  • Now sign up on Fair Money App with your mobile number.
  • Create your own secure pin.
  • You can now request a loan on the home page.
  • Click on Apply on the home page.
  • You will be asked some questions, answer them correctly.
  • Now verify your identity by uploading your documents so that you can be offered the loan.
  • Avail of the offer and enter your loan amount and timing.
  • Accept the loan offer.
  • Now enter your bank details to get money in your bank account.

What is the interest rate on Fair Money App?

On Fair Money App, you get an average annual interest rate of 12% to 36%, along with you also having to pay a processing fee of 3% to 12% (18% GST is also applicable in this).

If you do not repay the loan on time, you also have to pay a daily late fee of 0.2% on the late payment. But apart from this, you do not have to pay any hidden charges.

Fair money loan example

Suppose you have invested Rs 5000 from Fair Money for 61 days at an average annual interest rate of 24%.

Then interest = 500024%/36560 = Rs.200

Processing Fee = 5000*5% = 250 (On which GST will be Rs.45)

Total cost of loan = 450

The total amount that will be paid to you = Rs.4705 (5000-295) (net of processing fee and GST)

Total amount you have to pay = Rs.5200 (5000+200)(Loan + Interest)

Two monthly installments = 2600 per month.

You can pay your loan through NetBanking, UPI, Debit Card, and Mobile Wallets like Paytm, PhonePe, etc.

You can also enable the option of auto-debit on your UPI app, bank account, etc. so that the loan can be repaid on time and you can get the loan again.

Who can take a loan from Fair Money? (Eligibility)

Anyone who fulfills the following conditions can take a loan from Fair Money =>

  • Must be a citizen of India.
  • He should be a child i.e. his age should be 18 years or more.
  • He should have documents to prove his identity.

Documents required to take a loan from Fair Money

It is very easy to take a loan from Fair Money Loan App and to take a loan from Fair Money App you just need to have documents to verify your identity like =>

  • Aadhar Card
  • Pan Card
  • driving license

Why take a loan from Fair Money?

There are some important reasons to take a loan from Fair Money Loan App which are as follows =>

  • It is very easy to take a loan from Fair Money, you just need a phone number, aadhar card, pan card to take a loan.
  • Fair Money approves your loan within 5 minutes so that you do not have to wait much for loan approval.
  • You would know in advance how much you would have to pay. There are no hidden charges.
  • You have several options to pay off the loan.
  • You can disburse the loan in installments according to your convenience.
  • Any information you provide here is encrypted and kept secure.
  • You can build your credit score and later take advantage of higher loans, flexible interest rates, and other offers.

Here we tried to tell everything about Fair Money Loan App like what is Fair Money App, how to take a loan from Fair Money.

How to apply for the loan on fair money, what documents are required to apply for the fair money loan app, for how many days you will get a loan from the fair money loan app, how much interest will be charged on taking a loan from fair money loan app, everything Here we have tried to explain in detail.

If you have any other queries related to Fair Money Loan App in your mind, then you must tell us in the comment section, we will be very happy to answer your questions.

If you like our effort, then share it with other people and subscribe to our notification bell so that you will get information about all our upcoming posts.

Leave a Reply

Your email address will not be published.