{"id":4755,"date":"2024-05-03T17:45:18","date_gmt":"2024-05-03T12:15:18","guid":{"rendered":"https:\/\/fatakpay.com\/blog\/?p=4755"},"modified":"2026-02-18T17:06:05","modified_gmt":"2026-02-18T11:36:05","slug":"personal-loans-with-fatakpay-a-users-journey","status":"publish","type":"post","link":"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/","title":{"rendered":"FatakPay&#8217;s Personal Loans: A User&#8217;s Journey"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/#Introduction\" >Introduction:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/#Download_FatakPay_App\" >Download FatakPay App:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/#FatakPay_Onboarding_Process\" >FatakPay Onboarding Process:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/#Identity_Proof\" >Identity Proof:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/#Selfie\" >Selfie:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/#Offer_Proposed\" >Offer Proposed:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/#Offer_Acceptance\" >Offer Acceptance:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/#What_is_E-Nach_in_FatakPay\" >What is E-Nach in FatakPay?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/#Conclusion\" >Conclusion:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.fatakpay.com\/blog\/personal-finance\/finance-tips\/personal-loans-with-fatakpay-a-users-journey\/#About_FatakPay\" >About FatakPay:<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Praveen receives a salary and pays for all the bills and essentials, but then, at the end of the month, he is out of money. He still needs to buy more stuff, but Praveen has to wait for next month\u2019s salary due to a lack of funds. Somewhere, we have all been in Praveen\u2019s situation at least once in our lifetime.<\/p>\n\n\n\n<p>But we need not worry because we have <strong><a href=\"https:\/\/fatakpay.com\/personal-loan?utm_source=blog&amp;utm_medium=internal&amp;utm_campaign=product_interlinking\" target=\"_blank\" rel=\"noopener\">FatakPay personal loan<\/a><\/strong> options that make borrowing simple, quick, and stress-free.<\/p>\n\n\n\n<p>We have multiple sources through which we can opt for personal loans. One such source is FatakPay, which is convenient because taking a loan from FatakPay is a fully digital, quicker, and transparent process.<\/p>\n\n\n\n<p>So, in this blog, we will take you on a journey where you will see how conveniently you can apply for a loan through FatakPay.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_FatakPay_App\"><\/span>Download FatakPay App:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Firstly, of course, you need to download the FatakPay app. If you still need to download it, then download it right now and then proceed.&nbsp;<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\"><strong><a href=\"https:\/\/link.ftkp.in\/2uSI\/si8ubmv9\" target=\"_blank\" rel=\"noopener\">Click here<\/a><\/strong><\/mark>&nbsp;to download.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FatakPay_Onboarding_Process\"><\/span>FatakPay Onboarding Process:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Whenever you meet someone new, you ensure you have all the required information about that person.&nbsp;<\/p>\n\n\n\n<p>Similarly, here as well, you need to log in to the <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">FatakPay app<\/mark> so that you and I can get to know each other. <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">FatakPay<\/mark> requires basic information, such as your mobile number, name, employment type, and whether you are salaried or self-employed.<\/p>\n\n\n\n<p>After these details, you will enter the FatakPay Dashboard, where you will see a banner&nbsp;of&nbsp;FatakPayCredit; tap &#8216;<strong><a href=\"https:\/\/fatakpay.com\/personal-loan?utm_source=blog&amp;utm_medium=internal&amp;utm_campaign=product_interlinking\" target=\"_blank\" rel=\"noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">Apply Now<\/mark><\/a><\/strong>&#8216; to apply for a loan.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Identity_Proof\"><\/span>Identity Proof:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To start with the FatakPay Credit application, you are required to enter your Date of Birth and PAN card number and upload Aadhaar details either through DigiLocker, photo upload, or Aadhaar OTP verification. You will also need to add your salary details.<\/p>\n\n\n\n<p>This step helps FatakPay assess your <strong><a href=\"https:\/\/fatakpay.com\/blog\/how-to-get-a-personal-loan-for-your-interior-designing\/\" target=\"_blank\" rel=\"noopener\">loan eligibility<\/a><\/strong>, which plays a key role in determining the credit limit you can receive.<\/p>\n\n\n\n<p>This step helps FatakPay assess your loan eligibility, which plays a key role in determining the credit limit you can receive. Before starting your application, it is always a smart move to <strong><a href=\"https:\/\/fatakpay.com\/check-credit-score?utm_source=blog&amp;utm_medium=internal&amp;utm_campaign=product_interlinking\" target=\"_blank\" rel=\"noopener\">check your credit score before you apply<\/a><\/strong>, as a healthy credit profile improves approval chances and may help you get a better credit limit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Selfie\"><\/span>Selfie:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>What if you knew every detail about a person but didn&#8217;t know how they looked? Sounds weird, right?<\/p>\n\n\n\n<p>That&#8217;s why a person&#8217;s Selfie upload is essential. <strong>FatakPay<\/strong> requires you to upload your real-time selfie so that we can identify and match the person with the Aadhar details.&nbsp;<\/p>\n\n\n\n<p>It is really assuring when the uploaded selfie and customer details match the given Aadhar card. It helps to build trust between us and our customers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Offer_Proposed\"><\/span>Offer Proposed:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>So, once you&#8217;re done with the onboarding process on the FatakPay App and submit all the necessary documents, we&#8217;ll review your application and see if you&#8217;re eligible for a credit limit. We have various eligibility criteria based on which we determine whether our customer is eligible for the loan.<\/p>\n\n\n\n<p>Once you pass the eligibility criteria, you will be sanctioned with a credit limit; that is the offer we proposed to you; you have to &#8216;accept the offer&#8217;, and the loan will be almost in your hands.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Offer_Acceptance\"><\/span>Offer Acceptance:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Once you agree with the allocated credit, a few additional simple steps must be completed. <\/p>\n\n\n\n<p>1st Step &#8211; Nominee selection, adding the name and other&nbsp;basic&nbsp;details of the person you are confident in. so that, in case you are not reachable, then we can connect to them. <\/p>\n\n\n\n<p>2nd Step &#8211; Address details: The residential address of your nominee. <\/p>\n\n\n\n<p>3rd Step &#8211; Add Bank details: You must add your Bank details, such as IFSC, Bank name, and Account number.<\/p>\n\n\n\n<p>4th Step &#8211; Then last but not least, setting up Autopay (E-NACH)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_E-Nach_in_FatakPay\"><\/span><strong>What is E-Nach in FatakPay?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Whenever you take a loan, you always have those little worries in your head, &#8216;What if I forgot to pay in time?&#8217; we all don&#8217;t want to make any late repayments as late repayment causes extra fees and affects Your CIBIL score. That&#8217;s why E-Nach, a.k.a auto repayment option, exists.<\/p>\n\n\n\n<p>It is a way for you to make repayments without any worries. How? Well, you just need to activate the E-Nach, and as soon as you receive your <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">salary advance loan<\/mark>, your repayment amount will be auto-debit from your bank account.<\/p>\n\n\n\n<p>Now, you must be concerned, right? Will you deduct extra money from my account or different worries? But you don&#8217;t need to worry because FatakPay E-Nach will only remove the amount you must repay.&nbsp;<\/p>\n\n\n\n<p>So, if you have taken a loan of Rs.7000, only Rs. 7000 plus the convenience fee will be deducted from your account.&nbsp;<\/p>\n\n\n\n<p>You might see the different amounts on the screen. For example, your repayment amount is 7000, but you see Rs.15000 on the FatakPay screen. However, that 15,000 is just a fatakpay maximum E-nach limit, which will make it convenient for you in the near future.&nbsp;<\/p>\n\n\n\n<p>How? If you keep using <strong>FatakPay<\/strong>, FatakPay will increase your credit limit, so if you&#8217;re getting Rs.7,000 as a credit, it will rise to Rs.14,000. Then you need to re-activate the E-nach to allow FatakPay to deduct that amount, but since you already approved the Maximum E-nach Limit of 15,000, it is not required to activate again and again.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>We hope you know how to apply for a loan from FatakPay quickly and without any worries. You need to follow the steps explained in the blog.&nbsp;Taking credit helps you improve your CIBIL Score,&nbsp;which will make&nbsp;you eligible for a large amount of credit&nbsp;in the future&nbsp;if you require it.&nbsp;If you know what CIBIL score is or how to improve it,&nbsp;then&nbsp;you should read our blog, &#8216;<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><a href=\"https:\/\/fatakpay.com\/blog\/fatakpay-com-how-to-improve-your-credit-score\/\" target=\"_blank\" rel=\"noreferrer noopener\">Credit Score: How to Improve it?<\/a><\/mark>&#8216;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_FatakPay\"><\/span>About FatakPay:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>FatakPay offers universal access to virtual credit facilities. You may access it on your phone and use it for both online and offline daily requirements. With simple payback alternatives, the system offers a nearly fast, transparent, and secure way to transact.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/link.ftkp.in\/2uSI\/si8ubmv9\" target=\"_blank\" rel=\"noopener\">Click Here<\/a><\/strong>&nbsp;to Download the FatakPay app or&nbsp;<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\"><strong><a href=\"https:\/\/web.fatakpay.com\/authentication\/login\" target=\"_blank\" rel=\"noopener\">Visit Our website<\/a><\/strong><\/mark>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n\n<p><\/p>\n\n\n<\/p>\n\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"BlogPosting\",\n  \"headline\": \"Personal Loans with FatakPay: A User\u2019s Journey\",\n  \"description\": \"Follow a real user\u2019s journey of taking a personal loan with FatakPay. 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He still needs to buy more stuff, but Praveen has to wait for next month\u2019s salary due to a lack of funds. Somewhere, we have all been in Praveen\u2019s<\/p>\n","protected":false},"author":1,"featured_media":6649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,143,183,180],"tags":[97,98,96,105],"class_list":{"0":"post-4755","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-tips","8":"category-fintech","9":"category-instant-loan","10":"category-personal-loan","11":"tag-fatakpay","12":"tag-finance-tips","13":"tag-fintech","14":"tag-personal-loan"},"_links":{"self":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/comments?post=4755"}],"version-history":[{"count":17,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4755\/revisions"}],"predecessor-version":[{"id":8487,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/posts\/4755\/revisions\/8487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/media\/6649"}],"wp:attachment":[{"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/media?parent=4755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/categories?post=4755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fatakpay.com\/blog\/wp-json\/wp\/v2\/tags?post=4755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}