Marudhara Care Chambers: Facilitating Short-Term Credit for Farmers
Marudhara Care Chambers is a social impact startup section 8 company in India that specialize in providing short-term credit solutions for farmers, specifically for tractor tire purchases only.
This app offers the following features:
1. Submit New Credit Enquiries: Apply for credit with our simple application process.
2. Check Credit Status: View the approval status of your credit request and associated terms.
3. EMI Calculator: Calculate estimated credit details, including EMI amounts, total tax and total payable.
Credit Details:
Purpose: Short-term credit for tractor tire purchases.
Repayment Period: Minimum of 4 month and a maximum of 6 months.
Maximum APR: 23% (Annual Percentage Rate).
Example Calculation:
For a credit amount of ₹40,000 with a 6-month repayment period and an APR of 23% annually:
Total interest: ₹4600
Total repayment amount: ₹44600
Monthly EMI: ₹7433.33
note: this app not include any online payment transaction