Location 128, Jai Complex, Road No. 2, Alwar (Raj.)
Phone +91-9119241400
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Interest Policy

Dadhich Finserv Private Limited is a Private Limited Company registered under the Companies Act,2013. The Company was incorporated on 26.07.2017 with Certificate of Incorporation issued by the Registrar of Companies, Central Registration Centre vide CIN U65999RJ2017PTC058658. It is a Non-Banking Finance Company (NBFC) licensed by Reserve Bank of India.

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Overview

Reserve Bank of India vide its notification No. DNBS. 204 / CGM (ASR)-2009 dated January 2, 2009 and vide its Guidelines on FPC for NBFCs DNBS.CC.PD.No.320/03.10.01/2012-13 dated February 18, 2013 have directed all NBFCs to make available the rates of interest and the approach for gradation of risks on the website of the NBFCs

Accordingly, Dadhich Finserv Private Limited (“DFPL”) is publishing this Policy for Determining Interest Rates, Processing and Other Charges in order to ensure transparency to conform to the stipulations of RBI’s directives, and shall be applicable till further notice. 

This policy details the principles for determining interest for loans provided by DFPL:

  • Lending rates are calculated taking into consideration DFPL’s weighted average cost of funds, credit costs, overheads and other administrative costs.
  • The weighted average cost of funds depends on the different types of funding sources tapped by DFPL to fund its business. These are an amalgamation of equity, bank loans, and other money market instruments.
  • The interest rate for loans for different business segments and products within that business segment differ due to the nature of the segment or product.
  • The interest rate for any business segment or product would incorporate DFPL’s cost of funds, cost on account of risk and tenor for the concerned business segment / product, business / product specific operating cost and margin.

Some of the key factors / gradations of risk that impact interest rate are:

  • Business risk, industry risk, market position, market reputation, vintage of the business, competition

  • Size and nature of the business, geographic location of the borrower

  • Historical performance of similar homogenous pools of borrowers

  • Profile and incorporation of the borrower, strength and experience of group

  • Length of relationship with the borrower, repayment track record of existing borrower, credit history as revealed from available sources

  • Credit and default risk in the related business segment / product e.g. interest rate may be higher for borrowers with lower credit scores / ratings

  • Nature and value of primary collateral and additional security

  • Existing and as the case may be, future financial position of the borrower, sustainability of cash flow of the borrower

  • Financial flexibility of the borrower

  • Tenure of the loan e.g. interest rate may be higher for longer tenure loans

  • Interest rate trend prevailing in the money market

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