Personal loan with Fatkpay Rs. 20000 with only video KYC
FatakPay is a fintech platform providing credit to the masses. It is a quick, transparent and a secure way to manage your day to day needs.
FatakPay is
not directly registered with the RBI. While FatakPay itself isn't an
RBI-registered entity, it partners with RBI-registered NBFCs (Non-Banking
Financial Companies) to provide credit facilities. This partnership
ensures that the loans offered by FatakPay adhere to RBI regulations.
- FatakPay is not an RBI-registered entity: It doesn't directly provide credit facilities or hold a license to do so.
- FatakPay partners with RBI-registered NBFCs: These NBFCs are the ones who actually issue the loans and are subject to RBI regulations.
- Benefits of using FatakPay: Despite not
being directly registered, FatakPay offers several benefits, including:
- Easy access to instant personal loans.
- Quick approvals.
- Flexible loan amounts and repayment plans.
- Lower fees and documentation
requirements compared to traditional loans.
What is FatakPay?
FatakPay provides credit for all. It's available on your
phone and caters to your everyday needs. The solution provides a quick,
transparent and a secure way to avail credit in multilingual format and easy
repayment options.
What are the interest rates
charged for the use of FatakPay?
Interest rates charged can vary according to the credit
profile of the borrower and the loan product provided. Kindly check your Key
Fact Statement, which clearly outlines the Interest Rate and all other charges
such as Processing Fees, Late Fees, etc provided to you at the time of loan
sanction.
Why FatakPay?
For the majority of India’s population, credit facilities
are inaccessible as they are often rejected due to insufficient income or poor
credit score. FatakPay intends to make credit available to all and help these
individuals in case of any financial emergencies thus inculcating a sense of
financial wellbeing.
Does FatakPay affect my credit
score?
Yes, FatakPay affects your credit score. Your credit score
can drop in case of pending or delayed repayments or it can improve when you
make timely payments.
What is the maximum credit limit
I can get?
You can get an initial credit limit of up to ₹20,000. We can
increase the credit (with your consent) as you continue using FatakPay and make
timely repayments.
Who is FatakPay for?
FatakPay is for anyone who has a regular flow of income and
wishes to improve their credit score.
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Fatakpay Digital P. Ltd (Fatakpay) is renowned for our
award-winning platform that simplifies credit and financial product access for
salaried and self-employed, accessible anytime
Services Provided*
1. Personal Loans upto ₹2Lacs
2. Employee Financial wellness: Earned Wage advance offerings to corporate
employees
Apply online for an instant loan using KYC details:
- Online
Personal EMI Loans: From ₹1,000 to ₹200,000
- Interest
Rate Range - 12% to 35.95% per annum.
- Tenure – Choose repayment periods from 3 to 24 months.
Personal Loan:
For example, the Customer gets a Loan Amount of ₹20,000 with
a tenure of 12 months and interest rate of 20% per annum.
Considering the processing Fee of ₹500 (2.5%) and GST on the processing fee of
₹90. The total interest is ₹2,232 and the total repayment amount is ₹22,232.
The EMI per month will be ₹1,853.
Total cost of the loan = Interest Amount + Processing Fees + GST = ₹2232 + ₹500
+ ₹90 = ₹2,822
- APR:
24.89%
Application Link: Download Ftakpay
Steps to avail an instant loan:
- Sign
up using a mobile number
- Provide
PAN number & check your eligibility
- Upload
KYC documents, including your address, and get your profile verified
- Choose
your loan amount and tenure
- Provide your bank details for credit and to avail of other facilities
Fatakpay Lending Partners:
- Atmos
Finance P. Ltd.
- i2iFunding.
(RNVP Technology P Ltd)
- Niyogin
Fintech Limited
- FDPL
Finance pvt. ltd.
- Incred
Finance P Ltd.
- MoneyGear
Fintech ltd.
Corporate Office:
Office No. 23, 2nd Floor Der Deutsche Parkz,
Subhash Nagar Road, Near Nahur (W) Station,
Bhandup (West), Mumbai,
Maharashtra 400078
U72900MH2021PTC369484
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