Sir, aapko personal loan chahiye?
The moment we hear this annoying line from some random number, we feel like throwing away our phone but just then, the struggle to get that expensive smartphone flashes across our mind and we stop ourselves. And the next moment, we put that number in the spam window.
Because, obviously, every bank is making bogus promises of best loan services with low rates of interest. Isn’t it infuriating? The biggest sufferers are those who blindly use these loan services and then, incur the loss. Also, most of the times, the bank service providers take ages to pass a loan. Their processing is slow and complicated.
This is how things roll then…
So, if banks are not living up to our expectations, then, who will? After all, they are the largest financial institutions of our country. Where else can borrowers go for instant loans?
Well, worry not, a promising company called ‘Faircent‘ is efficiently providing borrowers immediate loans at reasonable rates and allows them to have a profitable partnership with the lenders directly. Their fast processing and low-cost rate make them more economical than other banking organizations.
‘Faircent’ forms a marketplace between lenders and borrowers where lenders fund borrowers to get the best possible investment returns and borrowers get instant loans at better rates.
This is how their relationship works:
Why choose ‘Faircent’ over our sluggish banking system?
Firstly, ‘Faircent’ removes all the financial intermediaries between a lender and a borrower.
Whereas banks collect money through our savings accounts or deposits at low-interest rates (6-10%) and lend it to the borrowers at much higher rates (18-36%). This large marginal gap becomes their source to pay higher salaries to their thousands of employees and open numerous branches all over India.
Secondly, ‘Faircent’ gives rights to the borrowers to decide the rate of interest with lenders through a mutual agreement.
In banks, it is the lender who decides the amount that a borrower can get as well as the rate of interest but ‘Faircent’ empowers the borrower and makes him an equal to the lender.
Thirdly, borrowers can seek to raise money from multiple lenders and lenders can fund a portion of the total loan requirement of multiple borrowers.
To know how ‘Faircent’ functions, watch this insightful video below:
By now, you know that ‘Faircent’ solves financial problems fairly and smartly by connecting communities and people. So, why not be a part of it rather than going to banks? Folks, you can fill the form as a borrower right here.