Ram Fincorp Loan

Below are the key details of Ram Fincorp personal loan:

The following are some important Ram Fincorp Personal Loan details:

• 100% digital, seamless journey, no physical documents required.
• Ram Fincorp offers loans to customers with a CIBIL score of 600 and above—borrow responsibly and improve your credit score by making timely repayments.
• Ram Fincorp loans can be used for multiple purposes, including marriage, travel, education, home renovation, debt consolidation, and medical emergencies.
• Get funds within a few minutes whenever you need them with a digital and easy loan application process.
• If you are unable to make a full payment, you can opt to make partial payments. The amount paid will go towards clearing any outstanding interest, the loan principal, and then any applicable charges.
• The tenure of repayment ranges from 61 days to 365 days.
• Get real-time borrowing status updates and valuable 24/7 customer support.
• Zero prepayment or foreclosure fees.
• Hassle-free personal loans all across India with minimal documentation.
• Paperless digital KYC process.
• Repay the loan on your salary date or in easy installments.
• Loan approval within 2 minutes. Get funds within the next few minutes once approved for an instant personal loan up to ₹2 Lakh.

Ram Fincorp's loan interest rates start at 24% p.a. (2% per month nominal), depending on the applicant’s eligibility, loan amount, loan type, repayment tenure, and other factors.

The following are the charges associated with a Ram Fincorp personal loan:

• Processing Fee: Up to 2% of the sanctioned loan amount + 18% GST
• Prepayment / Foreclosure Fee: ₹0 (Nil) — Pay off your loan early anytime without penalty
• Late Payment Charge: ₹500
• Bounced Payment / EMI Bounce Fee: ₹500 per instance

Below is a comparison table showcasing the Ram Fincorp App alongside other popular personal loan apps:

You will be required to meet the following simple criteria to be eligible for a Ram Fincorp personal loan:

• The applicant must be a salaried employee or Self employed with a stable income.
• The age of the applicant should be between 21 to 55 years.
• A minimum monthly income of ₹15,000 is required for non metro cities & ₹18,000 for metro cities.
• Get a loan decision in just 2 minutes for credit scores of 600+

Keep the following documents handy for a swift process:

• KYC documents, including Aadhaar card and PAN card, for your loan application
• PAN
• Aadhar
• Salary Slips and bank statements for the last 3 months.

Step-by-Step Process to Get a Ram Fincorp Loan

• Click on the "Apply Now" button located on the side of the page.
• You will be redirected to the official Ram Fincorp website (www.ramfincorp.com).
• On the Ram Fincorp page, fill in all the required personal and financial details.
• Submit the form after verifying your information.
• Within 2 minutes, you can see the approved loan amount.
• Proceed immediately after approval to complete the next steps and get funds credited to your bank account within minutes.

If you have already applied for a loan through the Ram Fincorp mobile application, you can easily log in to your account to check your loan status, repayment schedule, and other details. Follow the simple steps below to access your Ram Fincorp account.

• Download the Ram Fincorp App
• Enter Your Registered Mobile Number
  Open the app and enter the mobile number that you used during the loan application process.
• Verify with OTP
  You will receive a One-Time Password (OTP) on your registered mobile number. Enter the OTP to verify your identity.
• Access Your Dashboard 
  After successful verification, you will be logged in to your Ram Fincorp account dashboard, where you can check loan details, repayment information, and manage your account.

If you face any login issues, ensure you are using the registered mobile number and have a stable internet connection when accessing the app.