Financial literacy
A loan is a tool — powerful when used right, painful when misused. This short guide is written for first-time borrowers in plain language. Read it before you sign anything, anywhere.
Borrow only for productive needs that will earn you more than they cost — new stock for your shop, a sewing machine, a milk cooler, expanding your trade. Avoid loans for festivals, weddings, gadgets or daily expenses. If the loan does not generate income or save real money, think twice.
R FinCap tip: Ask yourself: "Will this loan pay for itself within the tenure?" If you cannot answer yes with numbers, do not take it.
Your monthly EMI should not exceed 30–40% of your monthly income or business profit. Add up all existing EMIs first. If a new loan pushes you above that line, choose a smaller amount or a longer tenure to keep the EMI manageable.
R FinCap tip: Use our EMI calculator before applying. Pick an EMI you can pay even in a slow month — not just a good month.
At R FinCap, interest is 2% per month flat simple interest. Example: borrow ₹50,000 for 10 months → ₹50,000 × 2% × 10 = ₹10,000 total interest. No compounding, no floating, no surprises. The 1.5% processing fee is one-time and charged upfront on approval.
R FinCap tip: If anyone quotes a "low" rate but adds hidden charges, ask for the total amount payable in writing. Always compare the final number, not the percentage.
Talk to us before the EMI date — not after. Life happens: a slow market, a medical emergency, a delayed payment from your customer. We work with you on a short rescheduling plan. Silence makes things worse: it adds late fees and damages your credit history with future lenders.
R FinCap tip: One missed call costs nothing. Save our number — +91 88188 33331 — and reach out the moment you sense trouble.
Never take a new loan to repay an old one — that is the start of a debt spiral. Beware of unregulated lenders charging 5–10% per month, daily collection agents, or anyone asking for blank cheques and signed papers. A legitimate lender gives you everything in writing, in your language.
R FinCap tip: If a lender refuses to share a written sanction letter, EMI schedule and total payable amount — walk away. No exceptions.
Before you borrow, sit down and write your monthly income, monthly expenses, and existing EMIs. The money left over is what is available for a new EMI. Build a small cushion — keep at least one EMI in savings for emergencies. A planned borrower is rarely a stressed borrower.
R FinCap tip: Treat your EMI like rent or electricity — a fixed monthly bill that gets paid first, not last.
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