Revfin 9.2.4

1. ELECTRIC THREE-WHEELER LOAN

• Our Electric Three-Wheeler Loan is a closed-ended credit product. Customers borrow a fixed sum of money and repay it in equal monthly installments over the loan term. This financing option is exclusively available through authorized dealerships.
• Key features include:
  • Minimum loan amount: ₹40,000
  • Maximum loan amount: ₹4,50,000 or up to 90% of the vehicle's on-road price
  • Interest rates: Up to 14% flat interest rate OR up to 29% (Annualized reducing rate)
  • Processing fee: Up to 5% of the loan amount
  • Tenure: 3 to 36 months
  • Minimum monthly income requirement: ₹12,000
  • Customer Age: between 21 and 60 years at the time of application
  • No pre-closure charges or loan cancellation fees apply

2. ELECTRIC TWO-WHEELER LOAN

• Our Electric Two-Wheeler Loan is a closed-ended credit product offering similar terms to the Three-Wheeler Loan and only accessible through authorized dealerships.
• Key features include:
  • Minimum loan amount: ₹30,000
  • Maximum loan amount: ₹1,00,000 or up to 75% of the vehicle's on-road price
  • Interest rates: Up to 14% flat interest rate OR up to 29% (Annualized reducing rate)
  • Processing fee: Up to 10% of the loan amount
  • Tenure: 3 to 15 months
  • Minimum monthly income requirement: ₹12,000
  • Customer Age: between 21 and 60 years
  • No pre-closure charges or loan cancellation fees apply

3. EV ANCILLARY LOAN

• Our Electric Vehicle (EV) Ancillary Loan provides financing for ancillaries such as batteries and conversion kits through approved dealerships.
• Key features include:
  • Minimum loan amount: ₹10,000
  • Maximum loan amount: ₹50,000
  • Interest rates: Up to 15% flat interest rate OR 27% (Annualized reducing rate)
  • Processing fee: Up to 10% of the loan amount
  • Tenure: 6 to 36 months
  • Minimum monthly income requirement: ₹12,000
  • Customer Age: between 21 and 60 years at the time of application
  • No pre-closure charges or loan cancellation fees apply

4. REV LOAN

• RevLoan is a personal line of credit for eligible existing customers allowing withdrawal in denominations of Rs.1,000 up to their credit limit.</list>.
• The features include:
  • <list>.
  • Minimum loan amount: ₹1,000
  • Maximum loan amount: ₹30,000
  • Loan Term: 3 to 36 months
  • Highest Annual Percentage Rate for Interest Charge: 36%
  • Candidates must have a minimum monthly income of ₹15,000
  • The eligible age range for borrowers is between 21-60 years
  • No processing fees, pre-closure charges, or loan cancellation fees are applicable </list>.

    • Representative Example:(applicable for various loans)

    • 
      
    • 
      Loan Amount: ₹1,00,000
      Tenure: 21 months
      Interest rate: 25% (calculated on the reducing principal balance)
      EMI installments: ₹5,928
      Total Interest Payable: ₹5,928 x 21 months - ₹1,00,000(Principal) = ₹24,488
      Processing Fees (including GST): ₹3,000
      Disbursed Amount after deductions: ₹1,00,000 - ₹3,000 = ₹97,000
      Total Amount Payable over Loan Tenure: ₹5,928 x 21 months = ₹1,24,488
      Total Cost of the Loan inclusive of interest and processing fees = ₹3,000 + ₹24,488 = ₹27,488
      About RevFin:
      
      RevFin is an online lending platform providing individuals access to various loan options. All loans are facilitated through Aristo Securities Private Limited (a Non-Banking Finance Company regulated by the RBI), a subsidiary of RevFin Services Private Limited operating under the trade name RevFin Capital (https://revfincapital.com).
      
      Through the digital interface Customers can:
      
      - Initiate a loan application process
      - Complete necessary documentation digitally
      
      All loans approvals are subject to local regulations and individual financial assessments.
      For inquiries or assistance:
      Reach out via email at [email protected] or call at +918686738738.