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.
No, customers across India can apply and avail of onward lending products.
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.
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 tenure up to 7 years.
The minimum corporate CIBIL score required will vary from case to case.
If repayment has not defaulted at any point, then your EMI amount will remain the same throughout the tenure of the loan.