Revfin

Revfin

About this app

**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 Rate (Maximum Annual Percentage Rate): 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), having the trading name as Revfin Capital (https://revfincapital.com).

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.

Disclaimer: This App will be supported for android version 8 and above.

Reach out to us at
For loan queries, email us at [e-mail] or call 8686738738

Ratings and reviews

Ridiculous App. Just waste of time They ask how many credit cards do you have and in answers they provide options as 7, 9, 13. Similarly the 2nd question is how many loans do you have and the options provided are 17, 19, and 23. And the worst thing is that you have to select anyone option out of the total 3, otherwise you cannot proceed to next step. Means if you have 3-4 loans running, still you have to select either 17, 19 or 23.Believe me it must be really an idiot who have designed this app.

Thank you so much Revfin to support me in my critical time. I think this app is the best one. I have applied through the app and uploaded all the documents. There was no need to call the customer care to verify my documents. They automatically verified my all documents and disbursed the loan within hours. Its amazing. I would like to give a warm thank to Revfin Team customer care as they supported me in such a great way. I was not required to call them. They called me themselves. Thanks a lot.

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What’s new

- bug fixes