FatakPay
FatakPay Personal Loan
A platform with three plans (up to ₹60,000 over 9 months, ₹3 lakh over 36 months, or ₹5 lakh over 48 months), each with a different fee from 2% to 6%; foreclosure terms aren't published.
- From 14.4% a year
- Up to ₹5 lakh
Rates and charges
- Interest rate
- From 14.4% a year
- Processing fee
- 2% to 6% depending on the plan: 2% on FatakPrime, 5% on FatakPlus and 6% on FatakLite. FatakPay doesn't say whether GST is added.
- Foreclosure
- Not published
- Part-prepayment
- Not published
What ₹1,00,000 for 12 months would cost
| At | EMI | Interest | Fee + GST | Total cost |
|---|---|---|---|---|
| Lowest rate (14.4%) | ₹8,998 | ₹7,971 | ₹7,080 | ₹15,051 |
Uses the highest published processing fee (6%) plus 18% GST. Try your own numbers in the EMI calculator.
Loan terms and eligibility
- Loan amount
- Up to ₹5 lakh
- Tenure
- Up to 4 years
- Who can apply
- Salaried and Self-employed
- Minimum income
- Not published
- Age
- 21–55 years
- Disbursal (lender's claim)
- Usually within 24–36 hours once your KYC and EMI auto-debit (NACH) setup are complete.
- Who lends
- FDPL Finance Private Limited, Apollo Finvest (India) Ltd, Pahal Financial Services Private Limited, Usha Financial Services Limited, Hari and Company Investments Madras Private Limited, Ashv Finance Limited, Western Capital Advisors Pvt Ltd, Northern Arc Capital Limited
- RBI digital lending apps directory
- Listed (as reported by the lender)
Apply with FatakPay
Apply nowVia our referral partner. We may earn a commission.CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion. The lender decides your rate, amount and approval.
Work out your EMI with FatakPay's rates
Prefilled with FatakPay's lowest published rate and its highest published processing fee (6%). Change any number to match your offer.
Your loan
- Monthly EMI
- ₹8,998
- Total interest
- ₹7,971
- Processing fee + 18% GST
- ₹7,080
- Total cost of the loan
- ₹15,051
- Effective annual cost
- 28.66%
- Money in hand
- ₹92,920
- You pay back in 1 yr
- ₹1,15,051
Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.
Same loan, different tenures
| Tenure | EMI | Total interest | Total cost (incl. fee + GST) | Effective annual cost |
|---|---|---|---|---|
| 12 months (yours) | ₹8,998 | ₹7,971 | ₹15,051 | 28.66% |
| 24 months | ₹4,820 | ₹15,685 | ₹22,765 | 21.99% |
| 36 months | ₹3,437 | ₹23,740 | ₹30,820 | 19.66% |
| 48 months | ₹2,753 | ₹32,132 | ₹39,212 | 18.48% |
| 60 months | ₹2,348 | ₹40,857 | ₹47,937 | 17.76% |
A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.
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Questions people ask
What interest rate does FatakPay Personal Loan charge?
FatakPay publishes from 14.4% a year. The rate you're offered depends on your credit score, income and the lender's own checks, and is usually above the starting rate.
What is FatakPay's processing fee?
2% to 6% depending on the plan: 2% on FatakPrime, 5% on FatakPlus and 6% on FatakLite. FatakPay doesn't say whether GST is added. GST at 18% is added to the fee.
Who actually gives the loan?
FatakPay is a lending app. The loan is given by FDPL Finance Private Limited, Apollo Finvest (India) Ltd, Pahal Financial Services Private Limited and 5 others, which are regulated by the RBI. Your Key Fact Statement names the exact lender.
Is FatakPay registered with RBI?
The FatakPay app is listed in RBI's directory of digital lending apps, as reported by FDPL Finance Private Limited and Apollo Finvest (India) Ltd.. The directory shows what lenders report; RBI doesn't vouch for the app. The app itself isn't a lender; the bank or NBFC behind it is regulated by RBI.
Who can apply for a FatakPay personal loan?
Salaried and self-employed applicants. Age: 21–55 years. Approval is at the lender's discretion.
How much does a ₹1,00,000 loan from FatakPay cost?
Over 12 months at the lowest published rate, about ₹15,051 in interest and fees (a 6% processing fee plus GST). Your EMI depends on the rate you're offered.
Related guides
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- CIBIL Score: Check Free, Improve in 90 DaysCheck your CIBIL score free with one full report a year from each bureau, dispute errors yourself, and build a better score with a 90-day checklist.
- True cost of a ₹1 lakh loan at every lenderInterest, processing fee and GST, side by side
Last verified 18 Oct 2026 on FatakPay's official page. Rates and fees change; check the lender's terms before you apply.