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