FatakPay: Financial Wellness 5.14

FatakPay Digital Private Limited is a reputable HR fintech company that provides credit and financial products through a highly regarded platform. Their instant personal loan app is ideal for both salaried and self-employed professionals, and it offers fast personal loans at competitive interest rates.

Here are some reasons why FatakPay is a great choice for customers:

• Online Personal EMI Loans: You can borrow amounts ranging from ₹1,000 to ₹200,000.
• Interest Rate Range: The interest rates are between 12% and 35.95% per annum.
• Tenure: You have the flexibility to choose repayment periods from 3 to 24 months.
• Quick and Digital Processing: FatakPay offers a seamless and fast loan disbursal process, with applications processed digitally within as little as 10 minutes.
• Cashback and Rewards: Customers can enjoy monthly saving rewards on purchases made through FatakPay's partner merchants.

FatakPay provides different types of loan offerings to cater to customers' specific needs:

• Salaried Short-term Loan: This loan option offers flexible repayment terms of 3 to 12 months for amounts between ₹1,000 to ₹25,000. To apply, you only need to provide your KYC details.
• Personal Loan: If you're a salaried individual looking for larger loan amounts, FatakPay offers easy loans with repayment terms of 6 to 24 months, ranging from ₹25,000 to ₹2,00,000. You can apply online using your KYC details.

Here's an illustration of a personal loan from FatakPay:

• Loan Amount: ₹20,000
• Tenure: 12 months
• Rate of Interest: 20% per annum
• Processing Fee: ₹500 (2.5%)
• GST on Processing: ₹90
• Total Interest: ₹2,232
• EMI: ₹1,853
• APR: 24.89%
• Amount Disbursed: ₹19,410
• Total Repayment Amount: ₹22,232
• Total Cost of the Loan: ₹2,822 (Interest Amount + Processing Fees + GST)

In order to be eligible for a FatakPay loan, you need to be an Indian national over the age of 21 with a steady monthly income.

Here's a step-by-step guide to availing an instant loan from FatakPay:

1. Install the Fatakpay loan app.
2. Sign up using your mobile number.
3. Provide your PAN number and check your eligibility.
4. Upload your KYC documents, including your address, for profile verification.
5. Select your desired loan amount and tenure.
6. Provide your bank details for credit and to take advantage of other facilities.

FatakPay collaborates with Atmos Finance (P) Ltd (N-13.02297), an RBI-regulated NBFC. This ensures that their policies and services fully comply with RBI regulations. You can view the FatakPay facilitator listing on their website.

FatakPay places great emphasis on customer service and follows a human-first approach. They prioritize customer safety, respect, and data protection. Their collection processes are designed to be empathetic and adhere to all guidelines prescribed by RBI.

Here are some measures implemented by FatakPay to safeguard their customers:

• Promotion and collection activities are conducted only via registered landline numbers. No private or personal mobile numbers, as well as foreign numbers, are used.
• All payments must be made through the FatakPay app. Customers are never asked to make payments into personal or private bank accounts.
• All calls between FatakPay and customers are monitored and recorded. Their agents strictly adhere to professional conduct and never use threats or abusive language.
• FatakPay does not ask for commission or cutbacks on payments of dues.
• The FatakPay app does not require permission to access your Contacts List or any other private data.

FatakPay prioritizes data security and has obtained ISO 27001:2013 certification. All data at rest and in transit is fully encrypted. Customer data is stored and processed within India for enhanced security. Access to customer information is restricted, and employees cannot access it. Users also have the option to delete their data from the database at any time.

To learn more about FatakPay's Privacy Policy and Terms & Conditions, you can visit their website. If you have any inquiries or need assistance, you can contact FatakPay via email or phone.

• Email: [email protected]
• Phone Number: +91-98204 76476
• Address: 1A Fatakpay Digital Private Ltd, Technopolis Knowledge Park, Mahakali Caves Road, Andheri East, Mumbai - 400093