TWO WHEELER LOAN

Specially designed fast and easy loan schemes. A twowheeler loan helps you purchase a motorcycle or a scooter of your choice and pay for it in equated monthly instalments.

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BUSINESS LOAN

Boost your business with our customized business loan with fast disbursement process. The lender provides money to the borrower for growing their business and, in exchange, the borrower agrees to repay the loan, plus interest.

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PERSONAL LOAN

Customized personal loans as per your need with fast disbursement process. A personal loan is a money you can borrow from a financial institution like a bank, credit union, or online lender.

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WELCOME TO RICAVI FINANCE LIMITED

Ricavi Finance Limited is one of the emerging Non-Banking Financial Institution registered with Reserve Bank of India, incorporated in the year 1984. In the business of financing in retail, success is derived from an ability to reach the retail or be accessible to them just when they require funds to fulfil their needs. Ricavi Finance Limited works on a sound business model that focuses on building and nurturing long-term relationships with their Stakeholders.

Your Happiness is Our Motto.
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F.A.Q

We are here to help you solve your problems.

At what Interest rates I can avail Loans?

Interest rates are vary, depending on individual’s eligibility criteria. Interest rates start from 18% and can go up to 30%.

What are the eligibility criteria for loan?

Person’s eligibility criteria for availing loan is based on his borrowing capacity. “Borrowing Capacity” means a Loan’s EMI should not exceed 40% of your Net Monthly Income after deducting current loans EMI. Apart from this, it also depends on one’s current employment, area of residence, credit history, etc.

What are the option for loan tenure?

Loan tenure is depends on individual’s profile and product selection. We are providing tenure option from 6 months to 5 years.

What is credit history?

A credit history is a record of a borrower’s responsible repayments of past loans and credit card bills. Also, Credit Information Bureau (India) Limited (CIBIL) provides accumulated data, as received from all the banks &/or NBFCs, on borrower’s existing loans and their repayment patterns.

How does a financial institution check on my credit history?

Before approving your loan a financial institution always checks with CIBIL on your loan repayment track record.

Can I apply with co-applicant for a Loan?

Yes, you can apply with a co-applicant Co-applicant’s income increases the loan amount which you are eligible for.

Is there any deference between a floating interest rate and fix interest rate?

Yes, the fixed interest rate remains constant throughout the loan tenure regardless of the market conditions whereas a floating interest rate can decrease or increase depending on market fluctuations. For instance, it increases when RBI hikes up short term interest rates. Banks usually quote the floating rate loans as their index rate (prime lending rate) plus or minus x%. Banks usually increase or decrease their prime lending rate when the RBI increases or decreases short term interest rates.

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