Ram Fincorp provides an instant personal loan of up to Rs. 2 Lakhs to fit your last-minute needs. The loan interest ranges from as low as 0.35% per day, and the processing fee is up to 5% of the loan amount. You can access immediate approval in 2 minutes for an instant personal loan of up to 2 lakhs rupees. The loan can be prepaid or foreclosed without any additional charges. Let’s understand the key details, features, eligibility criteria, documents needed, and other support offered by the platform.
About Ram Fincorp
Ram Fincorp is transforming personal loans with tailored solutions and professional support to guide the financial journey. The customers prefer the company because of the seamless approvals, tailored financial solutions, and exceptional customer support. It is rated 3.8 on Google, 4.2 on the Play Store, and has 1 million app downloads. Ram Fincorp has 100k+ repeat users with 50k+ satisfied customers. The mission of Ran Fincorp is to empower aspirations through accessible and instant financial solutions. It envisions creating a world where everyone can attain financial freedom. This nurtures a future of unlimited possibilities and continuing prosperity.
Ram Fincorp is committed to helping people achieve their financial goals with straightforward and user-friendly personal loans. The mission is to support people in reaching their life goals, developing a trusted path, and achieving positive growth. Ram Karan Soni and Bharat Soni are the directors of the company.
Loan Services Offered by Ram Fincorp
Instant Personal Loans: Customers can avail of a loan of 5000 to 1 lakh.
Loan on Aadhaar Card: Customers can avail of loans of 5000 to 1 lakh on an Aadhaar card.
Personal Loan for Salaries: Loan starts from 28000 to 95000 for salary
Credit Score Personal Loans: The credit score personal loans start from a 600 credit score to 850.
Ram Fincorp Personal Loan Details
| Loan amount | Rs. 4000 to Rs. 2 Lakhs |
| Interest rate | 0.35% to 1% per day |
| Processing fee | Up to 5% of the loan amount |
| Tenure | 90 days to 1 year |
| Prepayment charges | NIL |
| Loan approval TAT | Within 60 minutes or 30 minutes for an instant personal loan |
| EMI bouncing rates | Rs 500+GST |
| Penal charges | 0.1% of the outstanding principal loan amount every day |
| Age | 21 to 55 years |
Key Features of Ram Fincorp Personal Loan
There are some key features of Ram Fincorp that you must consider:
- Ram Fincorp loans can be utilized for various purposes, such as marriage, education, travel, debt consolidation, home renovation, and medical emergencies.
- Get a loan amount when you need with a digital and easy loan application process
- If you fail to make full payment, you can choose to make partial payments. The amount paid will help in clearing the outstanding interest, the loan principal, and other applicable charges.
- Reasonable interest rates start from 0.35% to 1% per day
- A processing fee of up to 5% is levied on the loan amount
- The timeline for repayment ranges from 90 days to 1 year
- Receive real-time loan status updates and helpful 24/7 customer support
- Zero repayment or foreclosure charges
- Hassle-free personal loan process across Indian with fewer documents required
- Paperless only KYC process
- Repay the loan amount on the salary date or in easy installments
- Loan approved within 60 minutes. Apply for online approval within 30 minutes and get a personal loan of up to Rs 2 lakhs.
Eligibility Criteria for Ram Fincorp Personal Loan
You may need to meet the following criteria to access the Ram Fincorp personal loan:
- The applicant should be a salaried employee
- The applicant should be aged between 21 to 55 years
- A minimum monthly income should be Rs 28,000
Required Documents for Personal Loan
Ensure these documents are ready beforehand for a smooth process:
- KYC documents like Aadhaar card and the PAN card for your loan application
- Salary slips and bank statements for the last 3 months should be submitted
Ram Fincorp Customer Support
You can contact Ram Fincorp customer service by dialing +91 95992-38889 anytime for all your Ram Fincorp personal loan queries or send an email to [email protected]. The services are available from Monday to Sunday, from 9:30 AM to 6:30 PM.
What to Consider Before Applying for a Personal Loan?
Maintaining a good credit score: Before taking a loan, a credit score or CIBIL score is important, which suggests your creditworthiness on the basis of your credit history. You should maintain an ideal CIBIL score of above 685.
Compare the interest rates: You should compare the interest rates imposed by the different lenders to get the lowest interest rate.
Assess all costs: There are several hidden fees like processing, prepayment, and late payment. Hence, you should understand everything before taking a loan.
Consider the needs: You must create a list of needs and requirements and then prioritize them to satisfy your needs.
Assess the ability to repay: Before taking a loan, make sure you have sufficient income to repay the loan amount.
Avoid gimmicky offers: There are lenders in the market who offer low-interest-rate loans. However, these loans often turn out to be more costly than expected.
FAQs
What is the interest rate of Ram Fincorp?
The interest rate for Ram Fincorp personal loan starts at 0.35% to 1% per day.
Does the RBI approve Ram Fincorp?
Yes, RBI registers and approves Ram Fincorp as a Non-deposit accepting Non-banking financial company.
Who can get a Ram Fincorp personal loan?
Any individual who is a salaried employee and aged between 21 to 55 years and earning a sufficient amount of minimum 28000 is eligible to apply for an instant personal loan at Ram Fincorp.
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