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Ram Fincorp Review
R K Bansal Finance Pvt Ltd (own NBFC)
Personal loans up to ₹2L; LSP for RK Bansal NBFC
Also known as: Ram Fincorp app, Ram FinCorp, Ram Fincorp loan
Is Ram Fincorp real or fake?
Ram Fincorp is real — not a scam. It lends through R K Bansal Finance Pvt Ltd, an RBI-registered NBFC (CoR available on the RBI public list). The app, the NBFC and the disbursal are all legal.
That said, "legal" is not the same as "a good deal." Reported APRs on short-tenure tickets land in the 30%+ band once processing fees and 18% GST are layered in. Many users complain about steep late-fee escalation and aggressive renewal pitches.
Use Ram Fincorp only after running the offer through our True APR calculator and checking the Key Fact Statement (KFS) the lender must show pre-disbursal under RBI rules.
Red flags
- •Reported APR exceeds 100% — predatory range
- •Verify NBFC partner directly with RBI before applying
Green flags
No clear green flags noted.
Permissions demanded
Data practices
Not independently audited. Confirm permissions and data-sharing in the app before installing.
Recovery practices
Recovery practices not independently verified. If you face harassment, file an RBI Sachet complaint.
Sources & references
Grievance & support
- Grievance redressalhttps://www.ramfincorp.com/grievance-redressal
- Support / helpdeskinfo@ramfincorp.com
Contact details published by the lender. If unresolved within 30 days, escalate via RBI Sachet.
Disclaimer: Reviews are independent editorial assessments based on publicly available information and user-submitted complaints. APR ranges and fees can change — always check the lender's Key Fact Statement before borrowing. Not financial or legal advice.
Next step with Ram Fincorp
Headline rates hide fees. Run your actual offer through our free tools before you accept anything.
More reviews
Frequently asked questions about Ram Fincorp
Is Ram Fincorp RBI-registered?
Ram Fincorp is operated by R K Bansal Finance Pvt Ltd (own NBFC). Its RBI status: RBI-regulated NBFC. Always verify the parent lender directly on the RBI NBFC list before borrowing.
What is the real APR on Ram Fincorp?
Ram Fincorp does not publish a verifiable APR or fee schedule, so we do not show a rate for it. Borrower reports place short-tenure costs well above 100% once fees and GST are counted — ask for the Key Fact Statement in writing before you accept any offer.
Is Ram Fincorp safe to use?
Personal loans up to ₹2L; LSP for RK Bansal NBFC Permissions demanded: not disclosed. Recovery practices: Recovery practices not independently verified. If you face harassment, file an RBI Sachet complaint..
What loan amount and tenure does Ram Fincorp offer?
Ticket size ranges from ₹1,000 to ₹50,000, with tenure between 1 and 3 months.
How do I close my Ram Fincorp loan early?
Open the app, request a foreclosure quote in writing, and pay the principal + accrued interest. Demand the No Dues Certificate (NDC) within 7 working days — RBI mandates it. If Ram Fincorp refuses or harasses you, file a complaint on the RBI Sachet portal.
Is Ram Fincorp a scam?
No. Ram Fincorp is a real lending app operated by R K Bansal Finance Pvt Ltd, an RBI-registered NBFC. The complaints are about cost and recovery aggression, not fraud.
Is Ram Fincorp RBI-approved?
Its parent NBFC, R K Bansal Finance, holds a valid RBI Certificate of Registration (CoR). You can verify it on the RBI's public NBFC list at rbi.org.in.
What is the real APR on Ram Fincorp?
Headline APR is 18–36% but processing fees plus 18% GST on the fee push the effective APR higher on short tenures. A ₹10,000 loan for 30 days with a 5% fee works out to an effective annualised cost well above the headline number.