Fair Money App Personal Loan Apply 2024 Review, Benefits

Fair Money App Personal Loan Apply 2024 Review, Benefits, Eligibility: Fair Money is an instant loan app that provides personal loan from the comfort of your home using Aadhar Card and Pan Card. Through this article, we will give you information about Fair Money kya ha, how can I take a loan using Fair Money.

Article Index

How to get loan from Fair Money, how much interest rate will be charged, is this application regulated by RBI or not and if we take loan from Fair Money, then for how many days we can get loan etc. Do read from beginning to last.

We should always keep a savings of ₹ 50,000 to ₹ 60,000 because there is no way of knowing when a sudden medical emergency or an emergency may come.

In such a situation, when we try to ask for money from a friend, relative, etc., then they completely refuse and we feel helpless.

So today we have brought a solution to your problem, which you can get money sitting at home with the help of a mobile application and you can pay it in monthly installments. Its name is FairMoney – Instant Loan App.

What is Fair Money App?

Fair Money is a personal loan lending app. This mobile application is available on Google Play Store and also has its own official website through which you can apply for the loan.

Through this mobile application, you can get a loan of ₹ 1,000 to ₹ 60,000 directly in your account for your personal needs.

This app is “Apollo Finvest (India) Ltd.” Which is an NBFC entity regulated by the Reserve Bank of India in India and this company operates as a Personal Loan Company in India.

The main branch of this company is in Bangalore. This app has been launched on Google Play Store on 11th January 2018. Its founder’s name is Laurin Hainy and this company also has partnerships with many specialized companies in India.

So far this app has been downloaded by more than 50 lakh people from Google Play Store and it has got a rating of 4.2.

How to gate loan from Fair Money App?

To take an online loan from Fair Money, you have to first prepare Aadhar card and PAN card. We have explained below step by step the process of applying for the loan:

First of all install Fair Money app from Google Play Store. or Visit to the official website

After that sign up with your mobile number.
Now create your own password.
After that tap on Apply.
Now fill your personal details like name, address, email ID, Aadhaar and PAN card number.
After this, select the purpose for which you are taking the loan.
Now fill your bank details like account number, IFSC Code.
After that choose the loan amount as per your eligibility and choose the loan repayment time.

Keep in mind : Here you have to choose carefully the monthly installment and the amount of loan amount you will get in your account.

Now E mandate your account. Here you verify the bank’s debit card, net banking etc.
Now after getting the approval, the loan amount is transferred to your account.

Keep in mind : Before taking the loan, definitely read the Loan Amount, Tenure, Interst Rate, Terms of Conditions so that you do not have any problem in future.

Maximum loan amount on Fair Money can take

A minimum loan of ₹ 1000 can be taken through Fair Money and a maximum of ₹ 60000 can be taken as a personal loan. Through this application, you get the loan without any hidden charge and without any paper work.

Fair Money Loan Application provides loan amount based on your eligibility and your credit score. If you have a poor Cibil score, then a loan up to ₹ 2000 can be taken easily.

Eligibility for Loan on Fair Money App

If you are thinking of taking loan from Fair Money, then you have to follow some eligibility criteria, if you follow the terms of condition set by Fair Money App then you will be able to take loan easily, otherwise you will have to Problems may arise in getting a loan or it may be that your loan may be rejected, so you must read the terms of conditions given below.

Applicant’s age should be more than 21 years.
You must be a citizen of India.
Your monthly income should come in the bank account.
You should be self employed and employed in any job.
You should also have a smartphone and a good internet connection.
You must have KYC documents like Aadhar card, PAN card.
You should have a good credit score so that you can get a good credit limit.
You should have mobile number linked with Aadhar card.
Internet connection and a smartphone should also be present to apply for the loan.
To take a loan, a loan can be taken only by downloading the fair money app present on the Google Play Store .

Keep in mind: Before applying for the loan, make sure to check all your information thoroughly because filling one wrong information can also reject the loan application. Before applying for the loan, you must read the terms of condition on the loan agreement form.

Document Need for Fair Money Loan

With the Fair Money Loan app, you can easily take a loan by submitting the minimum documents. Here we have listed all the documents that you will need while applying for the loan:

Aadhar card
Pan card
Bank statement of last 6 months
Bank account
A Selfie

Fair Money App Loan Interest Rate

If we talk about the interest rate on taking Fair Money loan, then here you are charged interest rate from 12% to 36% annual interest rate. Apart from this, you also get (3% to 12%) processing fee and (18%) GST charge on taking loan.

If you do not repay the loan on time, then you also have to pay a late fee in the form of a daily fee of 0.2% in the form of Overdue Charge. Apart from this, this application does not charge you a security charge.

Fair Money App Fees and charges

How many fees and charges will have to be paid for taking loan from Fair Money, here we have given information about it which you can understand with an example:

Let us understand this with an example if a person takes a loan amount of ₹5,000 and the interest rate is 24% per annum with a time period of 61 days, then the interest payable is as follows:

Fair Money App	Charges
interest rate	₹5,000 x 24%/365 x = ₹200
processing fee	₹5,000 x 5% = ₹250 (On which GST of ₹45 is applicable)
total cost of the loan	₹450
total amount disbursed	₹4,705 (₹5,000 – ₹295) will be
total amount to be paid	₹5,200 (₹5,000 + ₹200).

Note: Before taking a loan, please check the annual interest rate and processing. You can find out about the interest rate with the help of EMI calculator.

What Deadline for Loan Submission

Fair Money is a short term loan application. A personal loan can be availed through this app for a maximum tenure of 61 days to 180 days to meet your personal needs. Apart from this, you can deposit this loan in monthly installments.

Fair Money App Features

Following are the features of Fair Money Loan

Loan can be applied only with Aadhar card and Pan card.
It is a secure, fast loan mobile application.
You can take loan online without paper work.
Gives loans all over India.
You can take an instant loan for your needs
Approves the loan in less time.
Its repayment can be done from your mobile through UPI.

Is Fair money real or fake ?

Fair Money App is a secure mobile application and this app is also available on Google Play Store and also has its own official website.

Apart from this, this mobile application also follows the guidelines of Reserve Bank of India (RBI) and NBFCs. And it is also registered on mca.gov.in official website.

This article is also right for you:

Fair Money Customer Care Number

If you face any kind of problem to take loan then you can email and if you have any serious information then you can also tell through feedback whose information is as follows

E-mail : [email protected]

Address: Gopala Krishna Complex 45/3, Residency Road, Mahatma Gandhi Rd, Bengaluru, Karnataka, 560025.

My Last Word:

Here we have given you information on how you can take a personal loan using FairMoney App in any time of need, as well as have shared all the information related to this loan application with you.

If you are facing any kind of problem in taking loan or you want to ask any kind of question from us, then you can give your opinion in the comment box below. For more information you can follow us on social media platforms.

FAQ’s on Fair Moeny App Loan

What is Fair Money app?

Fair Money is a loan application that provides the facility of giving instant personal loans. Through this application, loan can be taken through Aadhar card and PAN card.

How to get loan from FairMoney App?

To take loan from Fair Money Loan first we have to download Fair Money Loan App after that sign using your mobile, Aadhar and PAN number. After this, you have to answer the questions along with some necessary documents, now only have to wait till the loan is approved, the loan money is transferred to your bank account after the JCB loan is approved, you will be able to take the loan easily by following this process.

Where to use Fair Money Loan?

Fair Money app can be used for your personal needs, electricity bill payment, DTH recharge, mobile recharge, train ticket payment etc. This app provides loan all over India.

Who can apply for a loan with the Fair Money app

Every person in India can apply for a loan with the Fair Money app. For this, his age should be more than 21 years and he should also have eligibility, documents. Through this, students, housewives, job seekers, small shopkeepers, a common man, a small business man, Self Employed etc. can take this loan.

How to pay FairMoney App Loan?

To repay the FairMoney loan, you can do it through the mobile application. You can pay the loan in monthly installments or you can also do it together. Along with this, you can pay the loan through UPI platforms like: Paytm, Phone Pe, Amazon Pay, Google Pay and you can use Debit card, CreditCard , Net Banking etc. can also be done by others.

Disclaimer : In this article, we have provided the information to you on the basis of internet source. You take it at your own risk. We are not responsible for this, it is your own choice.