# FatakPay: Loans & Insurance — Gold, Credit Score, Insurance > Financial services app offering loans, investments, insurance, credit scores, and bill payments. (iPhone/iPad app by FatakPay Digital Private Limited..) - Source: https://appshunter.io/ios/app/fatakpay-loans-and-insurance/id6468567795 (this page in markdown: same URL + `.md`) - Developer: [FatakPay Digital Private Limited.](https://appshunter.io/developer/1710118481) - Category: Finance - Price: Free - Rating: 3.60/5 from 3,258 App Store ratings · 26 written reviews indexed - Age rating: 4+ - Requires: iOS 15.1 · 109 MB - Languages: American English - Released: 2023-12-06 - Data updated: 2026-09-14 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/fatakpay-loans-and-insurance/id6468567795/reviews.md ## What is FatakPay? Trusted by 1 Crore+ users, FatakPay is an award-winning finance app that makes instant loan & financial products easy for salaried & self-employed people. FatakPay India’s financial super app - Whether you need an instant personal loan, improve your credit score, secure insurance, or invest in digital gold & silver, we've got you covered. We operate through RBI-registered NBFC subsidiary & IRDAI-regulated Insurance distributor arm. Why Choose The FatakPay - Loans & Insurance App - Personal Loan & Credit Score: Check your credit score & get personal loans online up to Rs 5 lakhs with instant approvals. - Instant Loans: Get instant loans up to Rs 20,000 in just 7 mins. - Credit builder: Build or improve your credit score through FatakUdaan. Investments: Buy 24K Digital Gold & Silver to build your savings with ease. - Insurance: Stay protected with accident & cancer insurance coverage, complemented by a wellness plan that supports your overall well-being. - Early wage access: Access your salary early, from our instant loan app, when you need it the most. - Credit cards: Get an FD-backed free Credit Card instantly with a credit limit of up to ₹1 lakh. Features of FatakPay Instant Personal Loan App? - Digital Personal Loans: Get 100% digital, instant personal loans with no collateral. - Flexible loan repayment: Get flexible tenures of up to 48 months with easy EMIs on our personal loan app. - Competitive Interest rates: Our quick loan app offers 18% to 40% per annum on an instant personal loan with fast approval. - Quick disbursal: Apply for an instant loan on the app & get funds disbursed within minutes. Loan Example Data Privacy & Permissions? At FatakPay, privacy is central. You can explore features like bill payments, credit score check, jobs, or investments without sharing SMS access. When do we ask for SMS permission? Only if you apply for a loan. To process your request instantly, the personal loan app securely reads only bank transaction SMS, never OTPs or personal chats. This helps assess creditworthiness, prevent fraud & enable instant approvals. Consent is always requested & if declined, you can still use all other services. Commitment to Security •All data encrypted in transit & at rest, stored in India •ISO27001:2022 certified processes •Only registered landlines used for promotions & collections, never private mobiles •All payments happen via the loan app, never to personal accounts •All agent calls are recorded, with no threats or abusive language permitted •No access to contacts or private data, only coarse location for fraud checks Fatakpay Loan Offering Loan Amount: ₹1,000 - ₹ 5,00,000 Interest Rate: from 1%/month Loan Tenure: 61 days to 48 Months APR Range: 15% to 78% (based on loan tenure) Processing fees: up to 8% + 18% GST Quick loans and Easy EMI plans Representative Loan Example Loan Amount: ₹20,000 Tenure: 12 months Interest Rate: 20% per annum Processing fees: ₹500 ( 2.5% processing fees + 18% GST ) Total Interest: ₹ 2,232 Monthly EMI: ₹ 1,853 APR: 24.89% Total sanctioned Loan: ₹ 20,000 Net Amount Disbursed: ₹ 19,410 Total repayment: ₹ 22,232 Total Cost: ₹ 2,822 (interest + processing fees+ GST) Our Lending Partners Loans are approved & disbursed by our RBI-registered NBFC partner, FDPL Finance Pvt Ltd. FatakPay is a Loan Service Provider only. Support & contact •Privacy Policy: fatakpay.com/privacy-policy •Terms & Conditions: fatakpay.com/terms-condition •Email: help@fatakpay.com •Connect with us: +91 9240271271 / +91 9240271272 •Office: No. 23, 2nd Floor Der Deutsche Parkz, Subhash Nagar Road, Near Nahur (W) Station, Bhandup West, Mumbai 400078 Note: • We request permissions like Camera (for KYC selfies), Coarse Location (approximate only, for residence checks) & Device Info (to prevent fraud) only when needed. • SMS access is only requested if you choose to apply for a loan. Download the loan app today & get personal loans, insurance, digital gold & silver investments! ## Key features - Personal loans up to ₹2 Lacs - Digital gold and silver investments - Mutual fund investments - Insurance offerings - Credit score and report access - Utility bill payments (BBPS) - Employee financial wellness program ## Recent user reviews (10 of 26) All indexed reviews: https://appshunter.io/ios/app/fatakpay-loans-and-insurance/id6468567795/reviews.md ### 1/5 — Very Disappointing & Misleading Experience *2026-09-10* I took a ₹1 lakh loan through FatakPay. The processing charges were already deducted, but I was later asked to pay additional money with different explanations, including that I had caused a lot of follow-up/work for them. What is more concerning is that the person who contacted me was not clearly representing FatakPay, and the payment was made to a different name. The transaction screenshot shows the name Shashikant Vaman Shilimkar, while I was also dealing with someone named Roshan Bahakar regarding the loan process. This created serious doubts and confusion for me. I was also told that once my CIBIL history was created for just 1 month, I could clear the loan. Now, when I actually want to close the loan, I am being told to wait for 6 months. This is completely different from what I was told before taking the loan. If you are considering taking a loan, please ask for everything in writing—processing fees, additional charges, foreclosure rules and exact closure period—before making any payment. I request FatakPay to properly investigate this matter and clarify who collected the additional money and why I was given different information. Customers should not be confused or pressured like this. Please remember that customers also have families and financial responsibilities. Very disappointing experience. I would not recommend this service based on my experience. **Developer response:** Dear Customer, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com .Our team will get back to you shortly. – Team FatakPay ### 1/5 — App does not works properly *2026-09-08* After repaying loan it is stuck on error page and not able to get loan again , and the issue persists for about 7 -10 days or maybe more as mine is still stuck in loading page and not able to get loan and also after doing email complaint it is still stuck on same page and previously I had closed the loan but the autopay is still not disabled and another autopay generated for secondary both are open , disgusting app and service **Developer response:** Dear Akash, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com .Our team will get back to you shortly. – Team FatakPay ### 1/5 — Money not received *2026-08-31* Very disappointing experience with FatakPay! I took a loan on 28 August at around 11 PM, and it has been 4 days but the loan amount still hasn’t been credited to my bank account. What’s more frustrating is that AutoPay has already been set up on my bank account even though I haven’t received the money. How can repayment be expected when the loan amount hasn’t even been credited? Customer support has also not provided a proper solution. This is extremely frustrating and unacceptable. Please resolve my issue immediately and clearly explain the status of my loan. ❌ **Developer response:** Dear Aditya, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com .Our team will get back to you shortly. – Team FatakPay ### 1/5 — Loan amount distribute *2026-07-25* I am very disappointed with their service. Their customer support is extremely poor. Whenever I call the helpline number, I only hear a recorded message and never get connected to a real support representative. Emails take around 4 days to receive a reply, and there is no proper support through WhatsApp either. When you apply for a loan, it gets approved instantly, but the payment takes 4 days to reach your bank account. They advertise that the loan amount will be credited within 24 hours, and even claim in their ads that you’ll receive the money in just 5 minutes, which is completely misleading. The repayment period is only one month, but they themselves waste 4–5 days in disbursing the loan, reducing the actual time available for repayment. Overall, this has been a very frustrating experience. I would not recommend this service due to their poor customer support, misleading claims, and delayed loan disbursement. **Developer response:** Dear Customer, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com .Our team will get back to you shortly. – Team FatakPay ### 5/5 — The absolute best app for emergencies! *2026-07-13* FatakPay is hands down the best app out there if you need an instant loan. I tried it last week when I had an unexpected medical expense, and I was amazed at how fast it worked minimal documentation and the money was in my bank account in a matter of minutes. It’s reliable, safe, and truly live up to its name of being "Fatak" (instant)! **Developer response:** Thank you for the 5-star rating, Shanks!😊 We're thrilled to hear you’re satisfied with our service. - Team FatakPay ### 1/5 — WORST CUSTOMER SUPPORT *2026-06-15* I had called more than 30+ times and more than 13+ emails to fatak pay …. But they are not responding even in calls and emails …. I had taken loan of 5000 on june 4th and the repayment time was 1 month duration and i paid repayment on 9th june within 5 days and now the app is not processing my loan it is showing me first 48hrs and next 24 hrs and now when i have to apply loan and its shows 30days and the issue i was phasing from 10days onwards and the customer support team is not responding me … discusting things for this very disappointing of fatak pay **Developer response:** Dear Shankar, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com .Our team will get back to you shortly. – Team FatakPay ### 5/5 — Hey *2026-06-06* I would like to express my sincere appreciation for the excellent support provided by Oma Borana from the FatakPay customer support team. She was extremely helpful and efficient in assisting me with the processing of my loan. Her communication was clear, timely, and professional throughout the entire process. Oma made what could have been a stressful situation feel smooth and hassle-free. I truly appreciate her dedication and customer-first approach. Thank you, Oma, for your outstanding support! **Developer response:** Thank you for the 5-star rating!😊 We're thrilled to hear you’re satisfied with our service. -Team FatakPay. ### 2/5 — Not transparency *2026-06-04* My emi due was on 3rd of every month and they auto debit the amount on 3rd and there’s only two emi left for me to pay to foreclose my loan and I paid the full amount to forclose the loan next day even there’s a mail from fatak showing that my payment was successful but there’s no NOC provided for foreclosing the loan and there’s one overdue shown in the app I tried to contact with their customer service but they’re saying the same thing Again and again it’s very disappointing to experience this kind of behaviour fixed this one and update on the app. If there’s no clarification do I need to pay the amount again and again to your app this is very bad thing **Developer response:** Dear Catherine, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com .Our team will get back to you shortly. – Team FatakPay ### 1/5 — My money was auto debited, even after clearing their loan *2026-03-13* My money was auto debited from my account without prior notifying me. I wash few days late to repay the loan, and these guys have harassed me. My personal contacts and have harassed them to. I have never denied anybody that I was not going to repay my loan. Moreover, after repaying the entire amount, ₹1500 debited from my account there is no person available on manual calls from their teams. This is the worst application. I have ever came across. I would not suggest anybody to use this application. **Developer response:** Dear Prianss, Sorry to hear about your experience. To help us resolve this quickly, please share your details along with your registered mobile number or Loan ID at reviews@fatakpay.com . Our team will get back to you shortly. – Team FatakPay ### 5/5 — Use this and make life easier *2026-03-12* I had an amazing experience using the FatakPay app. When I needed a loan urgently, Fatakay came to the rescue! The entire process was super quick and hassle-free - I got my loan approved and disbursed within just a few minutes. The app is very user-friendly, the documentation is minimal, and there's complete transparency at every step. The best part is how simple and secure everything felt. No hidden charges, no endless paperwork - just fast support when you need it the most. I highly recommend FatakPay to anyone looking for a reliable, instant loan service. Great job to the team behind this amazing app@@ **Developer response:** Thank you for the 5-star rating!😊 We're thrilled to hear you’re satisfied with our service. -Team FatakPay. ## Frequently asked questions about FatakPay ### What types of loans does FatakPay offer? FatakPay offers personal EMI loans ranging from ₹1,000 to ₹2 Lakhs. They also provide short-term loans from ₹1,000 to ₹25,000 with tenures of 3-12 months, and personal loans for salaried individuals from ₹25,000 to ₹2,00,000 with tenures of 6-36 months. ### What are the interest rates for loans on FatakPay? The annual interest rates for loans on FatakPay range from 12% to 42% per annum. The example illustration shows an APR of 24.89% for a ₹20,000 loan. ### Does FatakPay offer investment options? Yes, FatakPay provides access to digital gold and silver investments, as well as mutual fund investments through its partners. ### How does FatakPay ensure user security and data protection? FatakPay emphasizes a human-first approach to customer safety and data protection. They use only registered landline numbers for communications, do not access user contacts, and all payments are made through the app, not to personal accounts. ### Can I check my credit score using FatakPay? Yes, FatakPay allows users to access their credit score and credit report through partnerships with credit bureaus like CIBIL and Equifax. ### What is the employee financial wellness program offered by FatakPay? The employee financial wellness program offers earned wage advance options to corporate employees, helping them manage their finances better. ### What is the update frequency of FatakPay? The app was last updated on July 6, 2026, indicating a recent update. The latest version is 2.15. ### Does FatakPay have ads? Based on the provided data, FatakPay does not have advertisements within the application. ## Version history (last 5 releases) ### 6.22 — 2026-09-11 - Meet our new brand face, Vani Kapoor, with a refreshed visual experience across the app. - Improved app performance and optimisation for a faster, smoother experience. - Squashed several bugs to enhance overall stability and reliability. - General improvements and fixes to make your experience even better. ### 6.21 — 2026-09-05 - Meet our new brand face, Vani Kapoor, with a refreshed visual experience across the app. - Improved app performance and optimisation for a faster, smoother experience. - Squashed several bugs to enhance overall stability and reliability. - General improvements and fixes to make your experience even better. ### 6.20 — 2026-08-26 - Meet our new brand face, Vani Kapoor, with a refreshed visual experience across the app. - Improved app performance and optimisation for a faster, smoother experience. - Squashed several bugs to enhance overall stability and reliability. - General improvements and fixes to make your experience even better. ### 6.19 — 2026-08-08 - Meet our new brand face, Vani Kapoor, with a refreshed visual experience across the app. - Improved app performance and optimisation for a faster, smoother experience. - Squashed several bugs to enhance overall stability and reliability. - General improvements and fixes to make your experience even better. ### 6.18 — 2026-07-27 -Meet our new brand face, Vani Kapoor, with a refreshed visual experience across the app. -Improved app performance and optimization for a faster, smoother experience. -Squashed several bugs to enhance overall stability and reliability. -General improvements and fixes to make your experience even better. --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-09-14.*