Faircent goes mobile to ensure loan on demand

Launches India's first mobile app for the lenders

Faircent.com, India’s largest peer to peer lending platform catering to retail and business loans, launches mobile application for lenders. Company becomes the first and the only Indian peer to peer lender to come out with such an application which allows lenders to lend money to borrowers on the go.

Peer to peer lending, which is still at its budding phase in India, is already a prospering industry in the developed markets such US, UK and China giving stiff competition to banks and traditional lenders. In US market alone the industry is valued over $20 billion and expected to $150 billion by 2025.

Faircent.com, which started its operations in 2014, is already a pioneer in the Indian peer to peer lending market with over 5,000 and 20,000 registered lenders and borrowers respectively and has disbursed a total loan of Rs 2.5 crore. in less than 14 months.  

Designed to give its customers an enhanced experience and quick access to lending, Faircent app allows lenders to consult among themselves and even track each other. A lender can also track his individual portfolio and returns using the app.

Commenting on the launch Bejoy Varghese, Chief Technology Officer, Faircent.com said: “Faircent has always been the pioneers in using technology and innovation in the most effective manner to enhance productivity. Our mobile application will give customers faster connectivity, better analytics, thereby creating a world-class experience.”