The mortgage targets retailers, small enterprise homeowners and salaried professionals dealing with short-term monetary constraints attributable to the lockdown in areas recognized because the inexperienced zones – the place there have been no more than 10 COVID-19 optimistic instances. These debtors will likely be simply seen to the lenders on their dashboard by means of a inexperienced color-coded tagging #COVID-19 Low Impact Zone.
Rajat Gandhi, Founder and CEO, Faircent.com stated in an announcement, “Our team is continuously innovating to launch new products and features to make it easier for borrowers to access credit in these tough times. The fight against the Coronavirus pandemic has to be fought collectively and as India’s largest P2P lending platform we are committed to help every Indian meet their cash-flow requirements even during the lockdown”
Last week, the corporate introduced the launch of a brand new product – Anti-Lockdown loans, which supply loans to credit-worthy debtors with a three-month EMI free interval adopted by simple compensation choices at reasonably priced charges. Borrowers can select to repay both as a lumpsum on the finish of three months or by means of simple EMI choices.
Vinay Mathews, Founder and COO, Faircent.com stated in an announcement, “There are many districts and zones in India that are unaffected by COVID-19 or have witnessed very few cases. These clusters are expected to return to normalcy much faster. Keeping this in mind, we have adopted a targeted approached towards onboarding borrowers residing in these zones on a priority basis. Considering our lenders are keen on funding these loan requirements, we will also ensure quick disbursal of funds.”