Decide based on your real situation, not on how fast the loan is approved.
Loan amounts of Rs 1,000 to Rs 1,25,000 with tenure from 1 to 12 months — flexible for a small or short-term need.
Rate can run up to 35.95% per annum — costly at the higher end.
FatakPay is an identifiable digital lending brand whose Apple App Store listing names FatakPay Digital Private Limited as the developer and presents the brand as a platform operating through an RBI-registered NBFC subsidiary. That is an attributed business-model claim, not proof: no CIN, incorporation date, company status or registered office could be verified from available sources, and these should be checked through MCA master data. A loan journey can involve four separate roles — the consumer brand, the app developer, the Lending Service Provider and the regulated lender — so the developer name on an app-store listing does not identify who legally lends the money. The FAQs below cover how to verify that lender, the advertised loan terms and fees, who is eligible, and how to reach support or report a problem.
Accepted answer
Condition: Proceed only when the KFS names a verifiable RBI-regulated lender.
Benefit: The personalised KFS reveals APR, charges, instalments and total repayment.
Characteristic: FatakPay is identifiable, but its current legal operator remains unconfirmed.
Differentiator: Verify the actual lender, not merely the app-store developer.
