Our Interest Rate Policy explains how loan interest rates are determined and applied across our lending products. We believe in complete transparency, ensuring every customer understands the applicable charges before accepting a loan offer. Interest rates are determined using responsible lending principles while complying with RBI guidelines and industry best practices.
The objective of this policy is to provide fair, transparent, and customer-friendly pricing for all loan products. Before loan disbursement, customers receive complete details of interest rates, processing fees, repayment terms, and other applicable charges, enabling them to make informed financial decisions.
Interest rates are determined after evaluating multiple factors, including the cost of funds, customer credit profile, repayment capacity, loan tenure, operational expenses, and applicable business risks. Every loan application is assessed individually to ensure responsible lending.
All applicable interest rates, processing charges, repayment schedules, and loan terms are clearly disclosed in the sanction letter, loan agreement, and Key Fact Statement (KFS). Right Rupee does not impose hidden charges, and customers are informed about every applicable fee before loan disbursement.
Penal charges are applicable only in cases of delayed repayment as specified in the loan agreement. These charges are communicated transparently to borrowers and are applied strictly in accordance with regulatory guidelines.
Our interest rate framework is reviewed periodically by the management to ensure alignment with RBI regulations, market conditions, and responsible lending practices. This helps maintain affordability, competitiveness, and long-term customer trust.