FAIR - Partner App

Company Overview

FAIR (Finacri Advisory Intermediary & Resources PVT LTD), formerly known as FINRAYS, is a loan facilitation service based in Mumbai, Maharashtra, India. As Direct Selling Agents (DSA), we do not provide loans directly using our own funds. Instead, we offer guidance to users and collaborate with banks and Non-Banking Financial Companies (NBFCs) to facilitate loan applications.

Our Process

• After consulting with users and understanding their needs, we assist in preparing and submitting relevant documentation to partnered banks.
• If a user accepts our assistance, we will manage the submission of their loan application, after which the bank will take over the processing of the application.

Loan Details

• Minimum repayment period: 36 months
• Maximum repayment period: 360 months
• Maximum Annual Percentage Rate (APR): 30% per annum

Representative Example

Loan Amount: ₹1,00,000
Loan Term: 12 months
Interest Rate: 10% per annum
Processing Fee: ₹2,000 (deducted from the loan amount)
APR: 12%
Total Interest Payable: ₹10,000 (calculated as ₹1,00,000 * 10%)
Total Repayment Amount: ₹1,12,000 (which includes the principal of ₹1,00,000, interest of ₹10,000, and processing fee of ₹2,000)

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Registered NBFCs & Banks (Lenders)

• Axis Bank
• HDFC Bank
• ICICI Bank
• Kotak Mahindra Bank
• Tata Capital
• L & T Housing Finance

Key Features of Our Services

• Zero Investment: Begin your business without any financial commitment.
• Wide Range of Financial Products: Access a broad selection of products from established institutions such as HDFC Bank and Kotak Bank.
• Instant Pay-outs: Guaranteed payments on successful lead conversions within a 30-day cycle.
• Flexible Working Hours: Maintain control over your schedule and work as per your convenience.
• Referral Program: Generate additional income by referring individuals to our services and earn a percentage of their earnings for each successful sale.

If you require assistance regarding your loan application or wish to provide feedback, please contact us at [email protected].