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.

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.

• 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.

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.

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.

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

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

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.

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

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