Right Rupee’s Interest Rate Policy specifies the way to determine the interest rate on a loan and how that rate is applied across our products. We want all of our customers to provide complete transparency about exactly how much they will be charged before they agree to a loan offer. Rates are set on the basis of responsible lending, within RBI guidelines and industry practice.
This policy has been established to keep our loan pricing fair, clear, and easy to understand for the customer across every product. Before the date of disbursement, customers will be provided with the complete summary: the interest rate, processing fees, repayment terms, and any other charges that apply. That way they can make their financial decisions with confidence.
The rate of interest on a loan is determined by evaluating several factors together: costs to raise the funds, the borrower’s credit profile, repayment capacity, tenure of the loan, our operational expenses, and the business risks involved. Each application is evaluated individually to ensure that lending stays responsible.
Interest rate, processing charge, repayment schedule, and loan term are clearly specified in the sanction letter, the loan agreement, and the Key Fact Statement (KFS). Right Rupee keeps no hidden charges, and customers are informed about each fee upfront that is applicable before the loan amount is disbursed.
A penal charge is added only if a repayment is delayed, and the details are written into the loan agreement. We make sure borrowers know about it upfront and it is imposed strictly within the limits set by regulatory guidelines.
Our management regularly reviews the interest rate framework to make sure it stays in compliance with RBI regulations, market conditions, and responsible lending practices. Executing this keeps our rates affordable and competitive and helps us uphold long-term customer trust.