Ram Fincorp Personal Loan Repayment

You can complete your Ram Fincorp loan payment using both online and offline methods. The process is simple and takes only a few steps.

Ram Fincorp Personal Loan repayment online options include:

1. Visit the official website of Ram Fincorp and click on ‘Repay Now’

2. Enter the registered mobile number or loan account details

3. Verify the details displayed on the payment screen

4. Choose a transaction method, such as UPI, net banking, or card

5. Authorise the transaction to finish the Ram Fincorp Personal Loan payment online
   

This method offers instant confirmation and better accessibility. It prevents delays and lets you track your payment history anytime.

Offline repayment involves:

1. Visiting the nearest branch or authorised collection centre

2. Provide your loan account number and identity proof

3. Selecting a preferred payment mode, such as cheque or cash, for your loan repayment

4. Collecting a stamped acknowledgement slip for reference

5. You may also set up an automated deduction from your bank account for EMI payment
   

Offline repayment may suit you if you prefer manual handling or do not have consistent digital access.

To estimate your Ram Fincorp loan repayment, you need the loan amount, personal loan interest rate, and repayment tenure. These factors help determine your EMI (Equated Monthly Instalment), which remains constant throughout the loan period.

Details required to calculate an EMI:

• Loan Amount (Principal): The total amount borrowed from Ram Fincorp.

• Interest Rate: The monthly or annual rate charged on the loan.

• Repayment Period: The loan tenure, expressed in days, months, or years, depending on the terms.

EMI Formula:

EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n – 1]

Where:

• P = Principal loan amount

• r = Monthly interest rate (Annual Rate ÷ 12 ÷ 100 when applicable)

• n = Loan tenure in months

Example:

If you take a Ram Fincorp Personal Loan of ₹1,00,000 at 6% monthly interest for 90 days (3 months):

• P = ₹1,00,000

• r = 6% ÷ 100 = 0.06 (monthly interest rate already provided)

• n = 90 days = 3 months

Applying the EMI formula:

• EMI ≈ ₹36,652

This EMI amount includes both the principal and interest, keeping repayment structured and predictable throughout the 90-day period.

Repayment may involve additional charges depending on usage and behaviour. These charges may vary based on the repayment terms of your instant personal loan and customer profile.

• Late Payment Fee: Charged if you miss your repayment date

• Foreclosure Charges: Applicable if you decide to close the loan before the scheduled tenure

• Part-Payment Charges: May apply if you pay a portion of the outstanding loan early

• Cheque Bounce Penalty: Charged if a payment made via cheque fails

• Document/Statement Fee: Fee may apply for duplicate statements or official letters

Disclaimer: All fees and charges mentioned are indicative and may vary based on the payment method, loan type, and transaction amount. It’s advisable to check with the lender for the latest updates on loan repayment fees.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time, amongst other conditions.