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Name and address of NBFC |
Ramaiah Capital Private Limited No 4/A/"Rashma" 80 feet Road Ashwathnagar, RMV II Stage Bengaluru; 560094 CIN: U67200KA2019PTC122160 |
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Name and address of Lending service Provider (LSP) |
FINSALL RESOURCES PRIVATE LIMITED, Ground Floor, 171, 9th Main Rd, Sector 7, HSR Layout, Bengaluru, Karnataka - 560102, CIN: U74999KL2018PTC054968 |
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LOAN PRODUCT DETAILS |
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Eligibility |
Individuals aged between 21 to 65/ with an annual income of more than Rs 3 lakhs. |
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Purpose |
For the purpose of purchasing an Insurance Policy from the Company of the Borrowers choice. |
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Loan Amount |
Based on repaying capacity but with a minimum Rs 20,000 and not more than Rs 1,00,000 |
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Tenor and repayment |
3, 4, 6, 9, 11, 12, 14, 18, or 24 EMI. Cash collections are not permitted. Repayment shall be made only through NACH or directly to the account of Ramaiah Capital or through the payment link sent by Ramaiah Capital. |
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Interest rate |
17 to 24% p.a on daily reducing balance based on loan tenor. |
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Processing fee |
Processing charges 2 to 4.5% of sanctioned loan amount |
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Recovery Agent |
The LSP will act as recovery agent and will contact the borrower for recovery in case of default and borrower shall make payments directly to Ramaiah Capitals account only. |
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Grievance redressal officer(NBFC) |
Ramaiah Capital Pvt Limited (NBFC) Assistant General Manager |
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Grievance redressal officer(LSP) |
Tim Mathews
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RBI Sachet Portal |
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Privacy Policy of NBFC |
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Website URL of NBFC |
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Website URL of LSP |
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Default Loss Guarantee provided by LSP |
5% of the amount disbursed under the Portfolio. |
