Get easy financing for all your personal needs

Get easy financing for all your personal needs

Personal Loan from RAR Fincare

Personal Loan from RAR Fincare

A loan to meet all your personal financing needs – be it for funding your next vacation, purchasing a consumer durable / furniture for your house or meeting an immediate medical expense. A personal loan has no restrictions on end-use and comes with easy eligibility criteria and special offers.

Contact your nearest RAR Fincare branch or reach out to us via the website to get your loan in a hassle-free manner and get the competitive edge you need to succeed.

Check your personal loan eligibility

RAR Fincare provides loans to all salaried individuals, and the processes are completely transparent and simple. We rely on your income details for approving loans. Therefore it helps if you share the list of documents detailed in the documentation section.

We request you to visit the nearby RAR Fincare branch or fill out the form so that our representative will reach out to you.

*The eligibility for a loan and the applicable interest rate are subject to change depending upon the customer’s credit appraisal, credit rating, and availability of security, among various other factors.

Loan amount inr
Full name
Email address
Phone number

Check your EMI

Principal Amount

Rate of Interest


Loan Tenure

₹ 3,17,227
₹ 13,218
  • Principal Amount
    ₹ 2,50,000
  • Total Interest
    ₹ 67,227

What is a Personal Loan EMI Calculator?

A Personal Loan EMI calculator is a simple tool that calculates the EMI that you are required to pay every month for the repayment of your loan. All you need to do is enter the Loan Amount, Rate of Interest, and the desired Loan Tenure, and the calculator will instantly calculate the EMI Amount and the Interest Payable.

Documents required for personal loan

KYC Documents Icon

KYC Documents

The mandatory set of documents includes identity proof, address proof, signature verification, and photographs.

ITR Returns Icon

ITR Returns

Past 3 years’ ITR returns are to be submitted

Income Proof Icon

Income Proof

Salary slip for the past 3 months

Employment Proof Icon

Employment Proof

A certificate from the employer stating your designation and period of employment

Bank Statement Copy Icon

Bank Statement Copy

Past 12 months’ bank statements as well as Repayment Track Record (RTR) details of existing loans

Fees and charges

What is the interest rate on a Personal Loan?

Our personal loan interest rates are competitive amongst the other players in the industry. Depending on loan eligibility, income and other criteria, we determine the best interest rate for your loan requirement.

When you apply for a Personal Loan with RAR Fincare, you do not have to worry about any hidden charges. Whether it is related to processing fees, foreclosure charges or delayed EMI payments, all information is transparently provided for smooth processing of your loan application.

Fee & Charges* Amount
Loan processing fee 1% to 3% + Applicable tax
Due diligence charges INR 1000 to INR 2000
Initial Money Deposit INR 3000/- (Non-refundable)
Cancellation Charges INR 5000 or 0.50% of the loan amount, whichever is higher
Prepayment Charges Term Loan Term Loan - 4% of the principal outstanding
Foreclosure Charges 4% of the principal outstanding at the time of foreclosure
Cheque Bounce Charges INR 400
ECS Failure Charges INR 400 (To be charged for every instance)
Repayment Mode Swap Charges / Swapping Charges (PDC to ECS) INR 400 (Based on customer request only)
Legal verification At actuals ()
Valuation charges At actuals
Stamp Duty/Stamping Charges At actuals (To be charged as per state stamping law)
Mortgage fees At actuals
Franking Charges At actuals (To be charged on the day of disbursement)
Credit Shield At actuals
Fire Insurance premium charges At actuals (Will vary from application to application. Needs to be user defined.)
Loan Reschedulement charges INR 2500
Loan Restructuring charges INR 3500
Duplicate NOC or No Due Certificate INR 250 per request (Original NOC to be provided to the customer free of cost at the time of loan closure subject to all conditions being met)
Charges towards legal expenses in case of overdue/ default/ recovery / Legal action under Section 138 of Negotiable Instruments Act, 1881, and/or Section 25 of Payments and Settlements Systems Act, 2007 At actuals
Cash collection charges 1% of the collection amount for Rs. 50000 and above in cash (Free below the amount of INR 50,000)
Duplicate Repayment Schedule INR 300
Loan Statement / Statement of Account charges INR 200
Prepayment Statement charge INR 200
Duplicate foreclosure statement charges INR 200 (Original foreclosure statement to be provided at the time of case closure - free of cost)
Copy of property documents INR 500
Copy of loan agreement INR 500
Commitment charges To be decided
CERSAI Charges Only in case of secured - property INR 250 to 500 /-
Other Charges - Miscellaneous At actuals

*Charges may be updated from time to time. Please refer to the loan agreement for applicable charges.

General eligibility criteria for personal loans

General eligibility criteria for personal loans

  • You must be a salaried individual
  • Your age should be between 23 and 65 years
  • Your current net worth must be positive
  • You must not belong to the negative customer list as per RAR Fincare’s internal policy

Our Unique
Features & Benefits

RAR Fincare has established high-quality relationships with customers and provides excellent services in its focus market areas. Our priorities are customer satisfaction & prudent growth, and we have designed tailor-made products to meet the requirements of our customers.


Funds up to Rs. 50 Lakhs

Get ample amount sanctioned meeting your requirements


Simple application

Streamlined loan journey and we’re available to help you throughout


Repayment made flexible

Flexible repayment options (EMI and bullet) and longer tenure


Attractive interest rates

Interest rates of 14% p.a. and onwards

4 simple steps to get your Personal Loans

4 simple steps to get your Personal Loans

Raise Your Requirement

Enter your personal and bank details to get a fair loan offer

Submit Documents

Our team assists you throughout to complete the application

Get Sanctioned

Accept loan offer and execute loan documents

Instant Cash

Choose from flexible repayment options and start receiving funds

Frequently Asked Questions

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 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.

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 2 business days to disburse funds to your bank account.

We allow up to 3 years for personal 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 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

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

Find the right loan for you

Find the right loan for you