RA Finserv Personal Loan Interest Rates & Eligibility

Personal Loan

Quotes from 18 banks | Instant Approval | Maximum Loan Eligibility

    Almost done, few more details required.


    Rama Arjun Finserv (RA Finserv) provides the personal loan to accomplish your dreams and desires. The company aims at fulfilling the need of funds at the time of requirement. The quick disbursement policy of the bank helps the customer to avail the funds within 24 hours of application. The collateral-free personal loan is extended without any CIBIL check thus reducing the processing time. The customer can avail a personal loan from RA Finserv for the amount up to ₹1 lac at an attractive rate of interest. Get a hassle free loan to finance your requirements and repay the loan in form of EMI . Read the details below before applying for the loan:

    RA Finserv Personal Loan Details

    ParticularsDetails
    Interest Rate Customized
    Loan Amount Up to ₹1,00,000
    Tenure 24 months
    Processing Fee & Documentation Charges 10% of the loan amount

    How To Apply
    To apply for the personal loan contact the customer care or leave your contact details on the official website so that the representatives can contact you. The dealers will call back on the number provided by you and inform about all the process and documents required.

    RA Finserv Personal Loan EMI Calculator

    EMI is the amount a borrower pays monthly to the lender to settle the loan amount. It is a breakdown of the total repayment amount that comprises a part of the principal amount and the interest amount. This amount can be calculated easily using an EMI calculator that is programmed to reveal an accurate result. The EMI and interest amount are displayed instantly after the user enters the loan amount, tenure and the rate of interest. The user can even know the total repayment amount payable during the tenure.

    People Also Look For  Process of Taking the Personal Loan Against Fixed Deposit

    For Example – Let’s assume, a borrower takes a loan of ₹1,00,000 for the period of 2 years at the interest rate of 24% p.a. then his EMI will be ₹5,287. His total repayment amount will be ₹1,26,891 out of which ₹26,891 is the interest amount.

    Table Showing EMI, Total Interest Amount and Total Repayment Amount

    Loan Amount
    (in ₹)
    Interest Rate
    (p.a.)
    Tenure
    (in years)
    EMI
    (in ₹)
    Total Interest Amount
    (in ₹)
    Total Repayment Amount (Principal + Interest)
    (in ₹)
    1,00,000 24% 19456134721,13,472
    1,00,000 24% 25287268911,26,891

    Amortization Table

    Year Principal
    (in ₹)
    Interest
    (in ₹)
    Balance Amount
    (in ₹)
    144,086 19,358 55,914
    256,018 7,532 0

    Eligibility Criteria for RA Finserv Personal Loan:

    Any salaried person, professional with stable income and business, Pvt. Ltd. Company and partnership firm is suitable to avail a personal loan. The specific eligibility details for salaried and business owner are given below :

    Category Eligibility Criteria
    Salaried Citizen Of India
    Minimum age 21 years, Maximum – 58 years
    Net Income – Minimum ₹20,000 per month
    Residence – owned, company provided or rented
    Business Owner Citizen Of India
    Minimum age 23 years, Maximum – 60 years
    Income – Minimum annual income should be ₹2,50,000
    Must have own house

    Documents Required

    The documents required by the salaried and business owner are mentioned in the table below :

    Documentation For Salaried For Business Owner
    Photo ID Proof PAN Card and Office Identity Card, Voter ID / Driving License / Passport PAN Card and Office Identity Card, Voter ID / Driving License / Passport
    Residence Proof Latest Electricity Bill / Water Bill / Allotment Letter Latest Electricity Bill / Water Bill / Allotment Letter
    Income Proof Last two months salary slip and last 2 years Form-16 Latest 2 years Income Tax Returns
    Bank Statement Last six months updated bank statement of salary account Latest 1 year bank statement both current and savings
    Business Existence Proof Yes
    Guarantor Yes Yes
    People Also Look For  What can you use a Personal Loan for?

    Features and Benefits of RA Finserv Personal Loan

    • No security required
    • Quick disbursement within 24 hours
    • No CIBIL checkup
    • Credit facility up to ₹1,00,000
    • Flexible repayment option of 24 months

    Factors Affecting Personal Loan Eligibility

    The factors that affect Personal loan eligibility are:

    • Monthly Income
    • Age
    • Monthly Expenses
    • Any Other Loan
    • Credit History
    • Job Stability
    • Category of Your Employer

    RA Finserv Contact Number

    For more product related information call the service provider on the customer care number – 8742946111, 9015571909. The office dealer will give you all necessary details. Feel free to pose queries and gather detailed information by speaking to the product expert.

    Personal Loan Interest Rates June 2018
    Bajaj Finserv 10.99% - 16.00%
    Fullerton India 14.00% - 33.00%
    HDFC Bank 11.25% - 21.25%
    ICICI Bank 10.99% - 18.40%
    IndusInd Bank 10.99% - 16.00%
    Kotak Bank 10.99% - 20.99%
    RBL 13.00% - 18.00%
    Standard Chartered Bank 10.99% - 14.49%
    Tata Capital 10.99% - 18.00%
    Home Loan Interest Rates June 2018
    State Bank of India/SBI 8.45% - 9.00%
    HDFC 8.50% - 9.15%
    Bank of Baroda 8.45% - 9.45%
    LIC Housing 8.45% - 8.90%
    PNB Housing Finance 8.40% - 8.99%
    ICICI Bank 8.50% - 9.05%
    Axis Bank 8.40% - 8.75%
    Citibank 8.40% - 9.20%
    Indiabulls Housing Finance Limited 8.50% - 10.80%
    Kotak Bank 8.60% - 8.70%
    DHFL 9.05% - 9.95%
    Reliance Home Finance 8.75% - 10.00%
    EMI Calculator