Fatakpay is a trusted name in HR fintech that claims to provide instant personal loans of up to ₹5,00,000 for salaried and self-employed professionals. Fatakpay Digital Pvt Ltd is an award-winning digital financial platform that ensures you get personal loans with just a few taps on your smartphone, seamlessly and stress-free.
With competitive interest rates and an easy application process, FatakPay can make your financial needs easier, immediate, and secure.
Whether you need a loan for emergency expenses or personal needs, FatakPay Personal Loan can be a good option.
Table of Contents
FatakPay Personal Loan
Here are the key details of the FatakPay Personal Loan:
| Feature | Details |
|---|---|
| Loan Amount | ₹1,000 to ₹5,00,000 |
| Interest Rates | 12% to 35.95% per annum |
| Tenure | 3 to 36 months |
| Loan Disbursal Time | Within 10 minutes |
| Repayment Terms | Flexible, 6 to 36 months |
| Processing Fee | ₹500 (2.5%) + GST ₹90 |
| Application Process | 100% digital |
What is FatakPay?
As a leading player in HR Fintech, Fatakpay Digital Private Limited is an award-winning digital lending platform, designed especially for salaried and self-employed professionals like you. Fatakpay has partnered with Atmos Finance Pvt Ltd, a trusted NBFC approved by RBI to provide reliable and secure financial services. With Fatakpay, You can quickly secure a personal loan of up to ₹5,00,000 with competitive interest rates and processing fees.
Furthermore, FatakPay is a safe and secure lending platform that adheres to ISO 27001:2013 standards and takes your privacy seriously, guaranteeing 100% data encryption.
Partner with Trust – Atmos Finance Pvt. Ltd., a trusted NBFC registered by the Reserve Bank of India.
Why Choose a FatakPay Loan?
- Loan Amount: Apply for maximum personal loans ranging from ₹1,000 to ₹5,00,000.
- Interest Rates: Attractive & competitive interest rates between 12% and 35.95% p.a.
- Flexible Tenure: Choose a repayment plan that suits you, from 3 to 36 months.
- Instant Disbursement: 100% digital application and loan disbursement within 10 minutes.
- Processing Fee: Pay a processing fee of ₹500 (2.5%) plus GST ₹90.
Loan Example:
If you take a Fatakpay loan of ₹20,000 for 12 months, with an interest rate of 12% p.a., and a processing fee of ₹500 (2.5%) and GST of ₹90 you will get a total of ₹19,410, after deducting the processing fee. Throughout the loan, you will pay a total interest of ₹1,324, resulting in a monthly EMI of ₹1,777. By the end of the loan tenure, you will pay a total of ₹21,324, making the total loan cost ₹1.914, including interest, processing fee, and GST.
Fatakpay Loan Eligibility Criteria:
- Must be an Indian citizen
- Must be above 21 years of age
- Must be salaried or self-employed
- Must have a good credit score
- Must have a bank account
Documents for Fatakpay Loan:
Fatakpay give loans only on KYC;
- Aadhar Card
- PAN Card
- Bank account
How to Get a Fatakpay Loan:
- Download & Install the FatakPay app.
- Sign up with your mobile number.
- Enter your PAN to check eligibility.
- Upload KYC documents for verification.
- Select your loan amount and tenure.
- Enter bank details for disbursement.
FatakPay review: Personal Loan!
FatakPay is a reliable platform for instant personal loans, catering to salaried and self-employed professionals. The app is easy to use and the entire loan application process is digital, typically takes only 10 minutes for loan approval and disbursal.
In comparison to different loan apps, FatakPay offers flexible loan amounts, tenure, and interest Rates as well as Security and customer support.
FatakPay RBI approved
FatakPay is not directly regulated and approved by RBI because it operates as a digital lending platform rather than a Non-Banking Financial Company (NBFC). However, FatakPay partners with a trusted and RBI-registered NBFC, Atmos Finance Pvt. Ltd., to offer its financial services. This partnership ensures that the FatakPay loans adhere to RBI guidelines and regulations.
FatakPay is real or fake
FatakPay is a legitimate and real financial platform. It is a registered platform, and it partners with Fatakpay Digital Private Ltd., an RBI-approved NBFC, to offer personal loans to users. FatakPay is an award-winning and recognized HR fintech platform that simplifies access to credit for salaried and self-employed professionals.
Is FatakPay safe to use
Yes, FatakPay is a safe financial platform. Why is it so: it has partnerships with trusted NBFCs, is ISO 27001:2013 certified for users’ data security, and complies with RBI regulations. This includes transparency in loan terms, interest rates, and fees.
FatakPay App Download & Login
If you’re considering FatakPay instant personal loans, here’s a step-by-step guide on “how to download and log in” to the FatakPay app.
- Open the Google Play Store on your mobile.
- Search for “FatakPay.”
- Tap on Install to download and install it.
- Open the app & register for a New Account.
- Now, Log In with your registered mobile No & OTP.
FatakPay Customer Care Number
- Email: [email protected]
- Phone: +91-98204 76476
- Address: 1A Fatakpay Digital Pvt Ltd, Technopolis Knowledge Park, Mahakali Caves Road, Andheri East, Mumbai – 93.
In conclusion
In summary, FatakPay is a secure and trusted platform for obtaining personal loans quickly, with its user-friendly app and robust data protection measures. Partnering with an RBI-registered NBFC ensures reliability, while flexible loan amounts and repayment terms cater to diverse financial needs.
Related personal loan apps:
| Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| Prefr Loan | 15% to 36% | 3% to 5% |
| Fibe Loan | 16% | 2% |
| CASHe Loan | 2.50% per month | ₹500 to ₹1,200 |
| Bharat Loan | 35% | 2% |
| RupeeRedee Loan | 12% to 36% | 10% to 15% |
| Olyv Loan | 18% to 30% | 2% to 12% |
| PayRupik Loan | 29% | 10% + GST |
| InCred Loan | 16% to 36% | 2% to 5% |
| IndiaLends Loan | 10.25% to 29.99% | 1% to 6% |
FAQs
How does FatakPay work?
FatakPay is a financial wellness platform that offers virtual credit facilities through its lending partner including instant loans, Scan Now, Pay Later options, and rewards. Sign up, enter PAN, upload documents, choose a loan, tenure, and get the loan.
How to increase FatakPay limit?
To increase your FatakPay credit limit, continue using the platform regularly and responsibly; over time, FatakPay will automatically increase your limit, 10,000 to 20,000 or more, based on your usage and repayment behavior.
What is the interest rate for FatakPay?
The interest rate for FatakPay personal loan ranges from 12% to 35.95% per annum, depending on your credit profile and loan terms.
What documents are required for FatakPay?
To use the FatakPay app, you will need KYC documents like a PAN card, aadhar card, and bank account.
Is FatakPay RBI approved?
Fatakpay has not received direct approval from RBI, but it has partnered with RBI-registered NBFC Atmos Finance Pvt Ltd.
Is FatakPay genuine or fake?
FatakPay is a genuine and legitimate platform.
Is FatakPay legal?
Yes, FatakPay is legal. It operates in partnership with Atmos Finance Pvt. Ltd., an RBI-registered NBFC.
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