RevFin: A Convenient Digital Lending Platform for Electric Vehicle Loans
RevFin is a digital lending platform that offers a range of loan options for electric vehicles. With their closed-ended credit products, customers can borrow a fixed sum of money and repay it in equal monthly installments over a specified term.
RevFin provides loans for electric three-wheelers, electric two-wheelers, EV ancillaries, and even offers a personal line of credit called Rev Loan. The loan amounts vary depending on the specific product, with minimum amounts ranging from ₹10,000 to ₹40,000. Interest rates can go up to 14% flat interest rate or 29% (annualized reducing rate), and the tenure ranges from 3 to 36 months.
To be eligible for a RevFin loan, customers must have a minimum monthly income of ₹12,000 and fall within the age range of 21 to 60 years. The loans are available only through approved dealerships.
RevFin makes the loan application process seamless and convenient through their mobile app. Users can apply for a loan, complete all necessary documentation, and receive a decision on their application. The platform ensures compliance with local regulations and considers customer status and affordability when approving loans.
If you have any loan queries, you can reach out to RevFin by emailing or calling.
User reviews about RevFin
Have you tried RevFin? Be the first to leave your opinion!