FatakPay Personal Loan

4.5

FatakPay personal loan services are built to provide the right balance between speed and reliability, acting as a financial wellness partner for those who need access to money without the wait times of traditional banking. By focusing on high-speed digital processing, FatakPay aims to provide financial freedom to both individuals and corporate employees.

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FatakPay Personal Loan

Interest Rate

18%

Loan Amount

₹20K - ₹5L

EMI Per Lakh

₹2,539

Processing Fees

From 2% to 10%

Pre-Payment Charges

Quick Approval

Features & Benefits
Eligibility Criteria
Interest Rates
Documents Required
EMI Calculator
FAQs
Apply Now

What is FatakPay Personal Loan?

FatakPay is a digital platform that offers quick access to small-ticket credit for everyday needs. It works more like a financial toolkit than just a lender. You can use it for instant loans, and it also offers options like insurance and digital gold.

For individuals, it usually works as a revolving credit line or a short-term personal loan that you can access when needed. For businesses, it offers zero-cost solutions to improve employee productivity by removing financial stress. The loans are disbursed by RBI-registered NBFC partners, so the lending process follows proper guidelines.

Features of FatakPay Personal Loan?

Listed below are the features of FatakPay Personal Loan:

Feature	Details
Financial wellness approach	Offers support beyond loans, including insurance and basic wealth tools
Instant approval & disbursal	Designed for quick approvals and fast credit to your account
Corporate integration	Works with companies and HR teams to offer loans to employees
Scalable credit limits	Start small and get higher limits over time based on usage
100% digital process	The entire journey is online, no physical documents required

Eligibility Criteria For FatakPay Personal Loan

To ensure inclusive yet responsible lending, FatakPay has set the following criteria:

Age: Typically between 21 and 55 years
Employment: Mainly for salaried individuals, especially those working with partner companies
Residency: You should be an Indian resident
Documents: Aadhaar and PAN are required for quick digital verification

FatakPay Personal Loan – Interest Rates & Charges

FatakPay maintains transparency regarding its costs, though the specific rate depends heavily on the borrower’s risk profile and employment status.

Category	Details
Interest Rate	12% to 42% per annum (Reducing balance)
Processing Fee	Generally starting from 2% plus GST
APR (Annual Percentage Rate)	Ranges from 15% to 42%
Other Charges	Small platform/convenience fees depending on the loan size

What documents are required for a FatakPay Personal Loan?

The platform uses a paperless e-KYC model, so you only need:

PAN Card: For credit score checks and tax identity.
Aadhaar Card: For identity and address proof via OTP verification.
Bank Details: To set up repayment mandates and receive the loan amount.
In-app Selfie: To complete the biometric verification process.

FatakPay Loan EMI Calculation Examples

It’s wise to understand the impact on your budget each month.

Example: A borrower takes a ₹50,000 loan at a 15% interest rate for 12 months.

Processing Fee (approx 2%): ₹1,000 + GST
Monthly EMI: ~₹4,513
Total Repayment: ~₹54,156 (Interest component: ₹4,156)

How to Apply for FatakPay Personal Loan through Urban Money?

For those who want a guided experience or have a 600 CIBIL score, Urban Money offers a streamlined way to apply:

Visit the Website: Go to the official Urban Money website.
Category Selection: Choose Personal Loan from the available loan products.
Select FatakPay.
Click Enquire Now: Hit the Enquire Now button to start the process.
Enter Information: Fill in your name, city, and mobile number.
Verify OTP: Use the code sent to your mobile to confirm your identity.

An Urban Money loan specialist will then get in touch to assist with your profile and coordinate with FatakPay for a smooth disbursal.

Get a Personal Loan in Minutes

Fatak Pay Personal Loan Application

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FAQs

From loans to affordable interest rates, we have the answers for everything you need to know.

Is FatakPay approved by the RBI?

FatakPay is a technology platform that facilitates loans. The actual lending is done by its RBI-registered NBFC partners, making the entire process compliant with RBI’s digital lending norms.

Is a FatakPay loan safe?

Yes. FatakPay is a member of Nasscom’s 10,000 Startups and the Fintech Association for Consumer Empowerment (FACE), which ensures they follow ethical lending practices and high data security standards.

Who is the CEO of FatakPay?

Amit Lodha is the Group Chief Executive Officer of FatakPay, leading a team of visionaries including Abhishek Gandhi (CBO) and Ajit Kumar (COO).

What is FatakPay used for?

It is a financial wellness tool for instant personal loans, salary advances, digital gold/silver purchases, and insurance to build long-term financial stability.

What is the age limit for a fatakpay personal loan?

The age limit for applicants is typically between 21 and 55 years.

What is the maximum & minimum personal loan amount from FatakPay?

FatakPay offers a wide range of credit, from small Instant Loans of ₹1,500 to larger Personal Loans up to ₹5,00,000, depending on your income and credit profile.

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