Frequently Asked Questions

01. How to apply?

You can visit the nearby RAR Fincare branch office to apply for the loan. Or else, you may simply fill out and submit the online form provided on this website, and our representative will get in touch with you to help you with the loan application.

02. Why RAR Fincare for your Business Loan?

We have developed a smooth and simple loan application journey with the help of a robust technology solution. From the start of the loan application till the disbursement of the fund, our representative will help throughout the loan journey. Keeping in mind the myriad requirements of our customers, we have allowed flexible repayment options, longer tenure, and higher loan amounts at attractive interest rates. We do not enforce stringent security requirements for eligible customers and offer loans without any collateral. For others, we accept a wide range of securities – be it your property, machinery, or stocks and receivables.

03. How is EMI calculated?

The formula which is used to calculate the equated monthly instalments that you are required to pay RAR Fincare for availing the loan is P x R x (1+R)^N/[(1+R) ^ (N-1)] where P stands for the principal amount, R is the rate of interest, and N is the loan tenure.

04. What happens if I miss one EMI payment?

RAR Fincare will charge a penalty fee if a borrower misses an EMI payment. A missed or delayed instalment payment will reflect on your credit report. Not making loan due amount payments on time can have a negative effect on your credit score.

05. How long will it take to receive my funds?

Once the application is duly submitted, it’ll take approximately 4 business days to disburse funds to your bank account.

06. What is the maximum tenure for a business loan?

We allow up to 7 years for secured business loans and up to 3 years for unsecured business loans.

07. What is the minimum CIBIL score required?

If your CIBIL score is above 650, then you will be eligible to obtain a loan from us. Customers with CIBIL scores below 650 would undergo additional checks from our side before sanctioning the loan.

08. What all is accepted as collateral for a business loan?

We accept the following list of collaterals as part of the business loan application: -

  • Plant and Machinery (New or existing)
  • Residential Property (Self Occupied or rented out)
  • Commercial Property (Self Occupied or rented out)
  • Industrial Property
  • Residential-cum-Commercial property
  • Plot (bounded by wall)
  • Acceptable Liquid Instruments
  • Stocks and Receivables

09. Will my EMI change in the future or remains the same?

If repayment has not defaulted at any point, then your EMI amount will remain the same throughout the tenure of the loan.

01. How to apply?

You can visit the nearby RAR Fincare branch office to apply for the loan. Or else, you may simply fill out and submit the online form provided on this website, and our representative will get in touch with you to help you with the loan application.

02. Why RAR Fincare for your MSME Loan?

We do not enforce stringent security requirements for eligible customers and offer loans without any collateral. For others, we accept a wide range of securities – be it your property, machinery, or stocks and receivables. We understand small business owners may not meet all the criteria to avail a loan. Hence, we allow co-applicants to take part in the loan application by which both the applicant and the co-applicant are put together to meet the criteria to become eligible for a loan. We put special attention on MSME customers and provide full assistance throughout the loan application process and during the entire repayment period till loan closure. We are also on the process of providing services at customers’ door step if they are residing within the close catchment area of our branches.

03. Who are the typical customer profiles for MSME loans?

  • Businessmen in trades like Kirana/provisions, medical retailers, fancy shops, garments, restaurants, hardware, agri-inputs, chemists, stationery shops, metalware, electrical & electronics, cycle shops, spare parts, traders of agriculture commodities or other commodities, etc.
  • Small manufacturing or processing units like cottage industries, cement brick or tile makers, agro-processing units, artisan units, etc.
  • Service units like engineering works, mechanic shops, garages, etc.
These customers are mostly retail in nature, meeting the requirements of the respective town/village.

04. How is EMI calculated?

The formula which is used to calculate the equated monthly instalments that you are required to pay RAR Fincare for availing the loan is P x R x (1+R)^N/[(1+R) ^ (N-1)] where P stands for the principal amount, R is the rate of interest, and N is the loan tenure.

05. What happens if I miss one EMI payment?

RAR Fincare will charge a penalty fee if a borrower misses an EMI payment. A missed or delayed instalment payment will reflect on your credit report. Not making loan due amount payments on time can have a negative effect on your credit score.

06. How long will it take to receive my funds?

Once the application is duly submitted, it’ll take approximately 4 business days to disburse funds to your bank account.

07. What is the maximum tenure for an MSME loan?

We allow up to 7 years for secured MSME loans and up to 3 years for unsecured MSME loans.

08. What is the minimum CIBIL score required?

If your CIBIL score is above 650, then you will be eligible to obtain a loan from us. Customers with CIBIL scores below 650 would undergo additional checks from our side before sanctioning the loan.

09. What is accepted as collateral for an MSME loan?

We accept the following list of collaterals as part of the MSME loan application: -

  • Plant and Machinery (New or existing)
  • Residential Property (Self Occupied or rented out)
  • Commercial Property (Self Occupied or rented out)
  • Industrial Property
  • Residential-cum-Commercial property
  • Plot (bounded by wall)
  • Acceptable Liquid Instruments
  • Stocks and Receivables

10. Will my EMI change in the future or remains the same?

If repayment has not defaulted at any point, then your EMI amount will remain the same throughout the tenure of the loan.

01. How to apply?

You can visit the nearby RAR Fincare branch office to apply for the loan. Or else, you may simply fill out and submit the online form provided on this website, and our representative will get in touch with you to help you with the loan application.

02. Are there any geographical limitations on the customers’ location?

No, customers across India can apply and avail of onward lending products.

03. Why RAR Fincare for your financing requirements?

We understand that Financial Institutions’ credit requirements are comparatively larger, and they would like to receive funds at the earliest possible. Keeping this in mind, RAR Fincare has designed and implemented a robust technology system, focusing solely on financial institutions, through which funds up to INR 10 Cr get disbursed within 4 days of submitting the completed loan application. Additionally, we do not enforce stringent security requirements for eligible customers and offer loans without any collateral.

04. Who are the typical customer profiles of MSME loan?

  • Banks and NBFCs registered with RBI
  • Housing Finance companies registered with NHB
  • Co-operative banks
  • Institutions registered under state money lending Acts

05. How is EMI calculated?

The formula which is used to calculate the equated monthly instalments that you are required to pay RAR Fincare for availing the loan is P x R x (1+R)^N/[(1+R) ^ (N-1)] where P stands for the principal amount, R is the rate of interest, and N is the loan tenure.

06. What happens if I miss one EMI payment?

RAR Fincare will charge a penalty fee if a borrower misses an EMI payment. A missed or delayed instalment payment will reflect on your credit report. Not making loan due amount payments on time can have a negative effect on your credit score.

07. How long will it take to receive my funds?

Once the application is duly submitted, it’ll take approximately 4 business days to disburse funds to your bank account.

09. What is the minimum CIBIL score required?

The minimum corporate CIBIL score required will vary from case to case.

10. Will my EMI change in the future or remains the same?

If repayment has not defaulted at any point, then your EMI amount will remain the same throughout the tenure of the loan.

01. How to apply?

You can visit the nearby RAR Fincare branch office to apply for the loan. Or else, you may simply fill out and submit the online form provided on this website, and our representative will get in touch with you to help you with the loan application.

02. Why RAR Fincare for your Personal Loan?

We have developed a smooth and simple loan application journey with the help of a robust technology solution. From the start of the loan application till the disbursement of the fund, our representative will help throughout the loan journey. Keeping in mind the myriad requirements of our customers, we have allowed flexible repayment options, longer tenure, and higher loan amounts at attractive interest rates. We do not enforce stringent security requirements for eligible customers and offer loans without any collaterals. For others, we accept a wide range of securities – be it your property or investments.

03. How is EMI calculated?

The formula which is used to calculate the equated monthly instalments that you are required to pay RAR Fincare for availing the loan is P x R x (1+R)^N/[(1+R) ^ (N-1)] where P stands for the principal amount, R is the rate of interest, and N is the loan tenure.

04. What happens if I miss one EMI payment?

RAR Fincare will charge a penalty fee if a borrower misses an EMI payment. A missed or delayed instalment payment will reflect on your credit report. Not making loan due amount payments on time can have a negative effect on your credit score.

05. How long will it take to receive my funds?

Once the application is duly submitted, it’ll take approximately 2 business days to disburse funds to your bank account.

06. What is the maximum tenure allowed?

We allow up to 3 years for personal loans.

07. What is the minimum CIBIL score required?

If your CIBIL score is above 650, then you will be eligible to obtain a loan from us. Customers with CIBIL scores below 650 would undergo additional checks from our side before sanctioning the loan.

08. What all is accepted as collateral for a personal loan?

We accept the following list of collaterals as part of personal loan application: -

  • Residential Property (Self Occupied or rented out)
  • Commercial Property (Self Occupied or rented out)
  • Residential-cum-Commercial property
  • Plot (bounded by wall)
  • Acceptable Liquid Instruments

09. Will my EMI change in the future or remains the same?

If repayment has not defaulted at any point, then your EMI amount will remain the same throughout the tenure of the loan.

01. What is the RAR Fincare Co-lending Partner Program?

In this program, RAR Fincare engages with registered Banks/NBFCs/HFCs to co-lend for PSL loans. Before forging the partnership, RAR Fincare carries out an assessment to determine the capability of the potential partner to meet various obligations and its ability in respect of sourcing, credit underwriting, collection, servicing, and monitoring.

02. Are there any eligibility criteria to associate with RAR Fincare for co-lending?

A potential partner will be assessed and evaluated based on the following criteria: -

  • Analysis of the financial statements of the Partner for profitability and other financial parameters
  • Assessment of the performance of the Partner’s loan portfolio to ascertain the efficiency of its sourcing quality and collection processes. For this purpose, data pertaining to product mix, delinquency trends, and credit loss trends of the portfolio of the Partner shall be evaluated by RAR Fincare. In addition, RAR Fincare may rely on reports from the credit rating agency
  • Assessment of qualitative factors such as market standing and reputation of the promoters, and the historical performance of the portfolio originated
  • Vintage of the Partner in the business
  • The Partner Banks/NBFCs/HFC should be registered with RBI/National Housing Bank (NHB) and governed by extant regulations of RBI/NHB
  • A Master Agreement (also referred to as “Agreement”) shall be entered with the Partner, which will include terms and conditions of the arrangement, the criteria for selection of partners, the framework for the partnership, the credit screens that would be applied for the arrangement, the specific product lines and areas of operation, provisions related to segregation of responsibilities, customer interface and protection of customer rights

03. How do I become a business partner with RAR Fincare?

You may please fill up the form given on this website or directly call/email us at the contact mentioned on the ‘Contact’ page.

04. What are the verticals in which I can partner with RAR Fincare?

You can partner with us for the following purposes: -

  • Co-lending
  • Sales activities
  • Marketing activities
  • Recovery activities
  • Any other related services on behalf of the company

05. What is the code of conduct for DSAs / DMAs / RAs?

The code of conduct issued by the Board of Directors of RAR Fincare is applicable to all persons employed by the agents who would be involved in sales, marketing, distribution/recovery procedures and other related services on behalf of the Company. The Agents and their staff/associates must agree to abide by this code prior to undertaking any sales/marketing/recovery operation on behalf of the Company. Any employee or associate of the agent found to be violating this code will be blacklisted, and the agent will report such action taken to the Company from time to time.