Ram Fincorp Personal Loan

Key Features & Value Benefits

100% Digital e-KYC

Complete the entire loan journey online without any physical documentation or field verification.

Tentative Pre-Approval Offer

View a tentative loan offer before completing your application to understand your likely eligibility in advance.

Zero Foreclosure Charges

Repay your loan early without any foreclosure charges, as there is no lock-in period.

Added Privileges

Approval Speed

Value: 5 Minutes

Get loan approval within 5 minutes and receive instant disbursal after signing the loan agreement.

Short-Term Repayment

Value: Up to 45 Days

Choose a highly flexible, short-term repayment tenure of up to 45 days based on your eligibility.

Eligibility Criteria

Age Bracket 18 to 58 Years

Min. Monthly Income ₹18,000 / mo

Employment Type Salaried Only

Credit Score Needed 600

600+ (New to credit is allowed)

Collateral / Security No

Guarantor Required No

Detailed Eligibility Matrix

Age 18 - 58 Years

Occupation Salaried Only

Monthly Income Rs 18,000+

Credit Score 600+

Fees & Other Charges

Charge Name	Standard Terms
Processing Fee	Standard
Prepayment / Part-Payment	As per RBI norms for floating rates; charges may apply for fixed rates.
Foreclosure Charges	NIL (No lock-in period)
Late Payment Penalty	2% per month on overdue EMI amount + applicable taxes.
EMI Bounce Charges	₹400 to ₹750 per bounced mandate + GST.

Additional Fee Schedules

Foreclosure Charges: NIL

No charges applicable on pre-closure or early repayment due to zero lock-in period.

Required Documents

PAN Card

Required for identity and credit verification.

Mandatory

Aadhaar Card

Required for digital DigiLocker-based e-KYC verification.

Mandatory

Bank Statement

Required as proof of monthly salary credit.

Mandatory

PAN Card, Aadhaar Card (via DigiLocker e-KYC), Bank Statements