Sales Material Update
RBA – Loans, Credit Score, Credit Cards (com.rupeeboss.rba) is a B2B2C Android application for RupeeBoss Sales associates to accommodate their customers to check their Free Credit Score from Equifax and choose from a wide range of personalized Loan & Credit Card offers, from India’s top Banks, HDFC Bank, ICICI Bank, Axis Bank, yes bank, Kotak Mahindra Bank, IDFC First Bank, RBL Bank etc. and NBFCs like Bajaj FinServ, Tata Capital Financial Services etc.
• Minimum and maximum period for repayment For Personal loan.
o Minimum period for repayment. : 1 year (12 Months)
o Maximum period for repayment.: 5 years (60 Months)
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• Minimum and maximum period for repayment For Home Loan
o Minimum period for repayment.: 5year (60 Months)
o Maximum period for repayment.: 30 years (360 Months)
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• Minimum and maximum period for repayment For Unsecured Business Loan
o Minimum period for repayment.: 1 year (12 Months)
o Maximum period for repayment.: 3 years (36 Months)
• Minimum and maximum period for repayment For Loan Against Property
o Minimum period for repayment.: 1 year (12 Months)
o Maximum period for repayment.: 15 years (180 Months)
• Maximum Annual Percentage Rate (APR) for Personal Loan, which generally includes interest rate plus fees and other costs for a year, or similar other rate calculated consistently with local law.
o Maximum of 20% APR based on the lender.
• A representative example of the total cost of the Personal Loan including the principal and all applicable fees.
Illustration for Personal Loan: Loan Amount 1, 00000.00
Interest rate :11 %
Tenure: 5 years
Monthly EMI 2174.00
Interest Component:30454.00
Total Repayment :130454.00
