A responsible lending
reference design built on
RBI Digital Lending Guidelines.
FairLoan demonstrates what transparent digital lending should look like: full cost disclosure before acceptance, explicit consent, and plain-language decisions.
Monthly EMI
₹2,750
on ₹30,000 loan
Total interest
₹3,004
over 12 months
Total cost
₹33,604
including 2% fee
Prototype scenario
₹30,000 at 18% p.a. over 12 months
Principal vs interest per month
Month 1: ₹450 interest. Month 12: ₹41 interest. Reducing-balance method.
Typical app vs FairLoan
18% p.a. reducing balance. 2% processing fee. Prototype assumption. Not a real loan offer.
Design principles
Each principle maps to a specific screen in the prototype.
No dark patterns
No pre-checked consent boxes. No countdown timers. No urgency language. No hidden fees revealed after acceptance.
Full cost disclosure before acceptance
Principal, interest rate, APR, processing fee, EMI, and total repayable are shown on a single screen before the user agrees to anything.
Plain-language decision explanations
Every application outcome carries a specific reason in plain language. Not-progressed applications are not given a generic error message.