FatakPay Personal Loan

Applying for a FatakPay Personal Loan is simple. You need to:

• Be 21-55 years old

• Have a CIBIL score above 650

• Earn a minimum monthly salary of ₹15,000 (for salaried applicants)

• Have at least 3 months of work experience

Application on FatakPay does not require physical documentation – the loan application process is 100% digitised. Digital documents needed during the loan application journey:

• Identity and KYC

• PAN Card

• Aadhaar Details

• Bank Account Statement*
   

*Bank account statements are validated only in case of personal loans. For Instant loans (up to ₹ 20,000), bank statements are not required.

FatakPay combines speed, transparency, and reliability to deliver a seamless experience:

• Instant Loan Access: Get up to ₹20,000 within minutes for short-term needs.

• High Loan Amount: Get up to ₹5 Lakhs with flexible repayment tenures.

• Zero Collateral: No security deposit or guarantor required.

• Quick Disbursal: Get instant loans in 7 minutes; personal loans in 24–48 hours.

• Transparent Pricing: No hidden charges — all costs displayed upfront.

• 100% Digital Process: Apply, verify, and track your loan through a secure online journey.

Applying is simple and completely online: 

1. Visit the Bajaj Markets app or website. 

2. Click on ‘Apply Now’ on this page.

 3. Enter your personal and professional details.

4. Complete your KYC on the app. 

5. Submit application for quick approval. 

6. Accept your ‘Loan offer’ to get your preferred loan! 

Once you have submitted your loan application, you can track its progress through the available channels offered by the lender. You can check your FatakPay personal loan application status by:

• Logging in to the platform through which you submitted your application

• Contacting customer support using the registered mobile number

• Sending an email to customer support with your application details

• Referring to SMS or email updates received during the application process

Keeping your application reference number readily available can help when making status enquiries.

FatakPay primarily uses an automated repayment process to help ensure timely EMI payments. Setting up an auto-debit mandate is a mandatory step to proceed with your loan (this requirement may be waived for employees of FatakPay's corporate partners).

Repayment is facilitated through:

• eNACH/Bank eMandate Auto-Debit: Your EMI is automatically deducted from your registered bank account on the due date

• UPI Auto-Debit: You can also set up your auto-debit mandate via a supported UPI application

If your auto-debit fails, insufficient funds on the scheduled date may lead to a failed payment and a potential penalty or bounce charge from your bank or FatakPay. To avoid this, ensure your account has sufficient balance before your EMI due date.

You can cancel an active bank eMandate/UPI auto-debit only once your loan is fully repaid or cancelled, by submitting a request via email or through the FatakPay app.

For the complete list of repayment terms, applicable charges, and conditions such as prepayment or foreclosure, refer to your specific loan agreement or FatakPay's official FAQ and Terms & Conditions pages.