7月25日的RevFin应用程序分析

**1. ELECTRIC THREE-WHEELER LOAN** Our Electric Three-Wheeler Loan is a closed ended credit product. With this loan, you borrow a fixed sum of money from us and repay it back in equal monthly instalments over the term of the loan. This loan is only available through our approved dealerships Electric three-wheeler loan features: * Minimum loan amount: ₹40,000 * Maximum loan amount: ₹4,50,000 or up to 90% of Vehicle On-road Price * Interest rates: Up to 14% flat interest rate OR up to 29% (Annualized reducing rate) * Processing fee: Up to 5% of loan amount * Tenure: 3 to 36 months * Minimum monthly income: ₹12,000 * Customer Age: between 21 and 60 years at the time of loan application * No pre closure charges * No Loan cancellation charges **2. ELECTRIC TWO-WHEELER LOAN** Our Electric Two-Wheeler Loan is a closed ended credit product. With this loan, you borrow a fixed sum of money from us and repay it back in equal monthly instalments over the term of the loan. This loan is only available through our approved dealerships Electric two-wheeler loan features * Minimum loan amount: ₹30,000 * Maximum loan amount: ₹1,00,000 or up to 75% of Vehicle On-road Price * Interest rates: Up to 14% flat interest rate OR up to 29% (Annualized reducing rate) * Processing fee: Up to 10% of loan amount * Tenure: 3 to 15 months * Minimum monthly income: ₹12,000 * Customer Age: 21-60 years * No pre closure charges * No Loan cancellation charges **3. EV ANCILLARY LOAN** Our Electric Vehicle (EV) Ancillary Loan is a closed ended credit product. This loan is taken to finance Ancillaries like batteries, conversion kits etc. This loan is only available through our approved dealerships. EV ancillary loan features: * 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 loan amount * Tenure: 6 to 36 months * Minimum monthly income: ₹12,000 * Customer Age: between 21 and 60 years at the time of loan application * No pre closure charges * No Loan cancellation charges **4. REV LOAN** Our RevLoan is a personal line of credit extended only to our exiting customers.In this, you can draw down any amount in denominations of Rs.1,000 up to your credit limit. Rev loan features * Minimum loan amount: ₹1,000 * Maximum loan amount: ₹30,000 * Loan Term: 3 to 36 months * Interest: 36% * Minimum monthly income: ₹15,000 * Customer Age: 21-60 years * No processing fees * No pre closure charges * No Loan cancellation charges **Representative Example: (applicable for the different loans)** Loan Amount: ₹1,00,000 Tenure: 21 months Interest rate: 25% (on reducing principal balance interest calculation) EMI: ₹5,928 Total Interest Payable: ₹5,928 x 21 months - ₹1,00,000(Principal) = ₹24,488 Processing Fees (incl. GST)*: ₹3,000 Disbursed Amount: ₹1,00,000 - ₹3,000 = ₹97,000 Total Amount Payable: ₹5,928 x 21 months = ₹1,24,488 Total Cost of the Loan: Interest Amount + Processing Fees = ₹3,000 + ₹24,488 = ₹27,488 *Processing fees may vary depending on the product selected by the customer **ABOUT REVFIN** RevFin is a digital lending platform that allows individual users to apply for loans. All loans are issued through Aristo Securities Private Limited (a Non-Banking Finance Company, NBFC, regulated by the RBI), a subsidiary of Revfin Services Private Limited (Revfin). Through the app, a user can: * Apply for a loan with us * Sign and complete all documentation required for their loan * Get a decision on their loan application All loans are subject to local regulation, customer status, and affordability. Reach out to us at For loan queries, email us at care@revfin.in or call 8686738738