We believe in complete transparency. This policy explains how interest rates are determined and what you can expect when you borrow through MudraSewa.
Urgent Finvest Limited, operating under the brand name MudraSewa, is committed to maintaining fair, transparent, and responsible lending practices. This Interest Rate Policy has been formulated in accordance with applicable Reserve Bank of India (RBI) guidelines governing Non-Banking Financial Companies (NBFCs) and forms an integral part of our Fair Practices framework.
The policy outlines the principles and methodology used to determine interest rates, charges, and other lending-related costs applicable to borrowers availing financial products through MudraSewa.
MudraSewa ensures that all applicable interest rates, fees, charges, and related lending terms are disclosed in a transparent manner. Relevant information is made available on our website and communicated to borrowers during the loan application and approval process.
Borrowers are encouraged to carefully review all loan-related documents before accepting any lending offer.
Interest rates are determined using an internal risk-based pricing model approved by the Company's management and Board. The model considers multiple factors, including:
As a result, interest rates may differ between borrowers based on individual risk characteristics and loan-specific factors.
MudraSewa offers short-term financial products with loan amounts generally ranging from ₹5,000 to ₹1,00,000, subject to eligibility, underwriting criteria, and regulatory requirements.
Loan tenures may range from 7 days to 3 months depending on the product selected and the borrower's profile.
The annualized interest rate applicable to a borrower may vary based on the risk-based pricing framework and product category. All applicable rates will be clearly disclosed in the sanction letter and loan agreement before disbursement.
Loans are generally offered on a fixed-rate basis and may be repaid through Equated Monthly Installments (EMIs), scheduled repayments, or bullet repayment structures as applicable.
In addition to interest, borrowers may be required to pay applicable charges associated with loan processing and servicing.
Applicable taxes, duties, levies, or cesses will be charged in accordance with prevailing laws. Any revision to fees or charges shall be implemented prospectively and communicated through appropriate channels.
Any refund, waiver, or concession relating to fees or charges shall remain solely at the discretion of Urgent Finvest Limited and subject to internal policies.
Before loan disbursement, borrowers are informed of the applicable interest rate, repayment schedule, fees, charges, and other material terms through the sanction letter, Key Fact Statement (where applicable), and loan documentation.
Following disbursement, borrowers receive access to the executed loan agreement and relevant transaction details for future reference.
This Interest Rate Policy is reviewed periodically to ensure continued compliance with RBI regulations, evolving market conditions, and business requirements.
Urgent Finvest Limited reserves the right to modify, update, or replace any part of this Policy with the approval of the appropriate authority within the Company.
Updated versions of the Policy will be published on the Company's official website and shall become effective from the date of publication unless otherwise specified.
Our support team is here to help you understand our interest rates, fees, and repayment structure. We are committed to absolute transparency.