RevFin vs Loan APP - PSBLoansin59minutes Utilisation & Stats
**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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Apply Business Loan for MSME unit on this APP & get In-principle approval within 59 minutes. This loan app is for small business loans, up to 5 Crores for micro, small & medium enterprise companies. Likewise, one can apply for Mudra Loans too.
Loan EMI Calculator & Loan Eligibility Calculator
- Calculator for Loan EMI
- Loan Eligibility Calculator
- Track your loan application status
Product Specifications:
1. Business Loan for MSME (Small Business)
In-principle approval for the Small Business Loan including Term Loan or Working Capital loan from eligible Banks/Financial Institutions.
Highlights
- Minimum Business Loan Amount - Rs. 10,00,000
- Maximum Business Loan Amount - Rs. 5,00,00,000 (5 Crore)
- Minimum Repayment Tenure - 1 Year
- Maximum Repayment Tenure- 15 Years.
- Interest Rate: Ranging from 6.8 % to 21% depending on customer’s credit & risk profile
- Processing Fee: Ranging from 0.1% to 6 % depending on customer’s credit & risk profile
2. Mudra loan
Highlights
- Minimum Loan Amount - Rs. 10,000
- Maximum Loan Amount - Rs. 10,00,000
- Minimum Repayment Tenure - 1 Year
- Maximum Repayment Tenure- 15 Years.
- Interest Rate: Ranging from 6.8 % to 21% depending on customer’s credit & risk profile
- Processing Fee: Ranging from 0.1% to 6 % depending on customer’s credit & risk profile
3. Home loan
Any salaried or self-employed individual can apply for In-principle approval for Home Loan. Apply home loan on the app & take a loan up to 10 Crores from the banks/financial institutions through easy documentation & faster approval process.
Highlights
- Minimum Home Loan Amount - Rs. 10,000
- Maximum Home Loan Amount - Rs. 10,00,00,000
- Minimum Repayment Tenure - 1 Year
- Maximum Repayment Tenure- 50 Years.
- Interest Rate: Ranging from 6.8 % to 21% depending on customer’s credit & risk profile
- Processing Fee: Ranging from 0.1% to 6 % depending on customer’s credit & risk profile
4. Car Loan, Bike Loan, Scooter Loan
Any salaried or self-employed individual can apply for In-principle approval for Car Loan, Bike Loan, Scooter Loan. One can apply on APP & get a loan of up to Rs. 1 Crore from the banks/financial institutions through easy loan documentation & fast approval process.
Highlights
- Minimum Loan Amount - Rs. 10,000
- Maximum Loan Amount - Rs. 1,00,00,000
- Minimum Repayment Tenure - 1 Year
- Maximum Repayment Tenure- 10 Years.
- Interest Rate: Ranging from 6.8 % to 21% depending on customer’s credit & risk profile
- Processing Fee: Ranging from 0.1% to 6 % depending on customer’s credit & risk profile
5. Personal loan
Any salaried individual can apply for In-principle approval of a Personal Loan via this APP & get a loan up to Rs 20 Lacs from the banks/finance institutions through easy documentation & quick approval process.
Personal loan can be taken for buying personal computer, laptop, smart mobile phone, TV, refrigerator, AC, washing machine. Other uses can be medical treatment loan, Higher education loan.
Highlights
- Minimum Personal Loan Amount - Rs. 10,000
- Maximum Personal Loan Amount - Rs. 20,00,000
- Minimum Repayment Tenure - 1 Year
- Maximum Repayment Tenure- 6 Years.
- Interest Rate: Ranging from 7.2 % to 27% depending on customer’s credit & risk profile
- Processing Fee: Ranging from 0.1% to 6 % depending on customer’s credit & risk profile
Example
For Rs. 10,00,000 loan amount, at an interest rate of 11.49% P.A. at processing fee of 0.3 %, for 3 Years, you would pay
- Monthly repayments of: Rs. 32,971
- Loan Amount: Rs. 10,00,000
- Total Interest Paid: Rs. 1,86,965
- Total payment after 3 Years: Rs. 11,86,965
- Processing Fee: Rs 3,000
Visit www.onlinepsbloans.com/Privacy-Policy.html to refer to our policies on your personal data usage & protection shared by you with banks/financial partner via this APP.
Contact us/Grievance Redressal:
Helpdesk: 07941055999
E-mail: contact@onlinepsbloans.com
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RevFin VS. 
Loan APP - PSBLoansin59minutesjanvier 6, 2025