Faq
General Questions
What is RMDC Fin Serv?
RMDC Fin Serv is an ex-army enterprise providing transparent and hassle-free loan solutions, including personal loans, home loans, business loans, and more.
How do I apply for a loan?
The loan amount depends on the type of loan, your eligibility, and income. For example:
- Personal loans: Up to ₹10 lakhs.
- Home loans: Up to 80% of property value.
Can I prepay my loan? Are there any penalties?
Yes, you can prepay your loan. Prepayment charges, if any, will depend on the loan agreement terms.
What is the minimum credit score required for a loan?
A credit score of 700 or above is generally preferred. However, eligibility may vary based on the loan type and applicant’s profile.
Can I get a loan if I’m self-employed?
Yes, we offer tailored loan solutions for self-employed individuals, including business loans and loans against property.
Loan-Specific Questions
What documents are required for a loan application?
Typically, the following documents are required:
- ID Proof: Aadhaar, PAN, Passport, or Driving License.
- Address Proof: Utility bill, Aadhaar, or rental agreement.
- Income Proof: Salary slips, bank statements, or ITR.
- Additional documents as per the loan type.
What is the maximum loan amount I can avail?
The loan amount depends on the type of loan, your eligibility, and income. For example:
- Personal loans: Up to ₹10 lakhs.
- Home loans: Up to 80% of property value.
Can I prepay my loan? Are there any penalties?
Yes, you can prepay your loan. Prepayment charges, if any, will depend on the loan agreement terms.
What is the minimum credit score required for a loan?
A credit score of 700 or above is generally preferred. However, eligibility may vary based on the loan type and applicant’s profile.
Can I get a loan if I’m self-employed?
Yes, we offer tailored loan solutions for self-employed individuals, including business loans and loans against property.
DSA (Direct Selling Agent) Questions
What is a DSA?
A Direct Selling Agent (DSA) is an individual or entity that refers potential customers to RMDC Fin Serv in exchange for a commission.
How do I become a DSA?
Follow these simple steps:
- Fill out the online DSA registration form on our website.
- Submit the required KYC documents.
- Undergo verification and training.
- Start referring clients and earning commissions.
What documents are required to register as a DSA?
You’ll need:
- PAN Card
- Aadhaar Card
- Bank Details
- Passport-sized photograph
How much can I earn as a DSA?
Your earnings depend on the number and type of successful loan referrals you make. Commissions are paid as a percentage of the loan amount disbursed.
Repayment and Interest Questions
How are EMI amounts calculated?
EMIs are calculated based on the loan amount, interest rate, and tenure. Use our EMI Calculator on the website for an accurate estimate.
What happens if I miss an EMI payment?
Missing an EMI payment may result in:
- Late payment charges.
- Negative impact on your credit score.
- Possible legal actions for repeated defaults.
Can I change my EMI due date?
In some cases, yes. Contact our support team to check if rescheduling is possible.
Technical Support Questions
In some cases, yes. Contact our support team to check if rescheduling is possible.
Please refresh the page or try accessing the form using a different browser. If the issue persists, contact our support team via email or phone.
What happens if I miss an EMI payment?
Missing an EMI payment may result in:
- Late payment charges.
- Negative impact on your credit score.
- Possible legal actions for repeated defaults.
Can I change my EMI due date?
In some cases, yes. Contact our support team to check if rescheduling is possible.