NORTHERN ARC CAPITAL LIMITED

NORTHERN ARC CAPITAL LIMITED

About this app

NORTHERN ARC CAPITAL LIMITED is a financial services platform with a diversified business model that provides credit to MSMEs, households, financial institutions, and emerging businesses. We have disbursed a total of over six million loans to retail customers across individuals, households, and small businesses of the variety constituting business loans, personal loans and BNPL facilities, through a completely digital journey.  Its exposure is spread across 657 districts in 28 states and 7 Union Territories in India.

NORTHERN ARC CAPITAL LIMITED has recently launched education loans for enabling access to quality finance to help students achieve best-in-class education at institutions across the country. With the NORTHERN ARC CAPITAL LIMITED Education Loans application, parents can avail finance for their child’s education seamlessly at the click of one button. NORTHERN ARC CAPITAL LIMITED provides education loans for school fees, coaching classes, online career enhancement courses, and skill development courses.

What’s in it for institutions?

• Upfront annual fee payment
• Reduced follow-up effort for fees collection
• Customized dashboard for tracking fees receipt
• End-to-end digital loan process

What’s in it for parents?

• Instant loan disbursement
• Easy monthly payments
• No collateral/security requirement

APR Rates Range From 8% to 10% Maximum APR for qualified consumers. Repayment terms from 3 months to 60 months. This number will be set by your lender and you will be notified of the final number before accepting the loan terms.

If you borrowed ₹1,00,000 over a 12 month period and the loan had a 8% interest rate, your monthly EMI would be ₹8,699, would have a total cost of ₹1,04,388.

What’s new

Introducing Video KYC (VKYC) to make your loan journey safer, smoother, and more secure with real-time identity verification.