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Faircent cuts unsecured P2P personal loan rates to 9 99 will rivals match
Business
Published on 24 April 2026
A 9 99 rate could pressure every other lender
Faircent.com has lowered the minimum interest rate on unsecured personal loans to 9.99%. The move intensifies competition in India’s peer to peer lending space, raising the question of whether other platforms will respond with similar pricing. For borrowers, the rate drop could mean cheaper credit, while lenders may have to balance margins, risk, and demand.
- Faircent reduced the minimum unsecured loan rate to 9.99%
- The change could trigger price competition among P2P platforms
- Borrowers may benefit if other lenders follow suit
- Lenders will weigh lower pricing against credit risk
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times