vCard – Mobile Credit Card vs RevFin Usage & Stats
vCard is a Mobile Credit Platform. vCard partners with Pinnacle Capital Solutions Private Limited ( RBI Registered NBFC) for credit line products known as PINCAP https://www.pincap.in/our-partner .
Activate Cash in Your Mobile Now
vCard is your One-Stop Finance App for On-Demand credit. Use it as Credit Card, use it as cash, and use it as a Personal Loan. Instant Approval,
Digital Documentation, Zero Joining Fees. Contrast to 15 day+ processes for Plastic Credit Card.
Get vCard Credit Line issued by Pinnacle Capital Solutions Private Limited ( RBI Registered NBFC) known as PINCAP.
● Paperless KYC application.
● Zero processing charges and Zero Annual Fee.
● 3 - 3.5% per month roll over interest.(36% to 42% APR)
● 0 – 30 day Interest-free period depending on Credit Score and Monthly Spend.
● Up to Rs. 60,000/- credit limit.
● Pay at your convenience there are no prepayment charges.
● Option to convert the loan into monthly installments (EMI) of 3, 6, 9 months depending on the principal amount @24% and 2% conversion charges.
● Finance Charges reduce based on credit score and spend history.
● Personalized offers on Food, Shopping, Entertainment, Online Spend etc.
Minimum and maximum period for repayment
Tenures for EMI
Minimum: 3 months Maximum: 9 months
Sample calculation in case the loan is converted to an EMI:
For Loan of ₹5,000 of 3 month tenure with interest rate @24% per annum
One time Processing fee @2% of Principal = ₹100
Monthly payment/EMI = ₹1733.77
Amount paid back in 3 EMIs= ₹5201.31
Total interest on the 3 EMI= ₹201.31
Total interest + processing fee = ₹301.31
GST (applicable @18% on fees) : Rs 18.00
Total amount to be paid by customer i.e. principal + interest + fee + GST= ₹5319.31
AI in Credit
vCard also has a First-of-its-Kind Chat-based Credit Card Support on WhatsApp or reach out to us at hi@vcard.ai
Now you don’t have to spend long hours waiting to connect to customer support or listen to the monotonous flute music. Just reach out to Bot + Human support through the vCard app.
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**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: 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).
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.
Reach out to us at
For loan queries, email us at care@revfin.in or call 8686738738
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vCard – Mobile Credit Card VS. 
RevFinJanuary 6, 2025