Faircent.com which is a Peer to Peer (P2P) lending platform has launched a novel type of loan known as the “Anti-Lockdown” loan meant for aiding credit-worthy individuals and businesses access credit to meet their short-term liquidity crisis arisen out of the nationwide lockdown imposed to avoid spread of the Coronavirus pandemic.
The loan is targeted mainly at small business owners and salaried professionals to relieve them of the short term liquidity crisis and financial constraints which might have arisen due to the lockdown.
The anti-Lockdown loans offer a three-month EMI free period followed by easy repayment options at affordable rates. Borrowers can opt to repay either as a lumpsum at the end of three months or through easy EMI options.
According to Rajat Gandhi, Founder and CEO of Faircent.com, at a time when the country is battling the economic crisis caused by the pandemic, Faircent has launched the product to help creditworthy borrowers overcome the short-term cash-flow requirements.