Chhotaria Securities Pvt. Ltd., an RBI-registered Non-Banking Financial Company (NBFC), conducts its digital lending operations in strict compliance with the Reserve Bank of India (RBI) Digital Lending Guidelines and other applicable regulatory directives. The Company is committed to ensuring transparency, fairness, and responsible lending practices across all digital loan products.
Chhotaria Securities Pvt. Ltd. offers unsecured personal and business loan products through digital channels. The sanctioning of loans is subject to internal credit assessment policies and regulatory compliance requirements.
Prior to the execution of the loan agreement, customers are provided with complete disclosure of:
Loan disbursement is made directly to the borrower’s bank account in accordance with RBI guidelines.
The Annual Percentage Rate (APR) represents the total cost of borrowing, expressed on an annualized basis, and includes interest and applicable charges.
APR Range: – Minimum 30% to Maximum 500%
The applicable APR is determined based on credit evaluation, risk assessment, loan tenure, and internal pricing policies. The exact APR applicable to each borrower is disclosed prior to loan acceptance.
Chhotaria Securities Pvt. Ltd. maintains a transparent fee structure. All charges are disclosed upfront in the Key Fact Statement (KFS) and the loan agreement.
Applicable charges may include:
No undisclosed or hidden charges are imposed.
The Company adheres to fair and ethical recovery practices in compliance with RBI guidelines and applicable regulatory standards.
The Company ensures:
The dignity, privacy, and confidentiality of customers are strictly maintained.
In compliance with RBI Digital Lending Guidelines, borrowers are provided with a cooling-off period following loan disbursement.
During this period, the borrower may exit the loan agreement by repaying:
No penalty will be charged during the cooling-off period, subject to regulatory provisions.
Chhotaria Securities Pvt. Ltd. may engage authorized Loan Service Providers (LSPs) to facilitate certain digital lending operations.
Customers are informed about:
Notwithstanding the engagement of any LSP, Chhotaria Securities Pvt. Ltd. remains fully responsible for compliance with RBI regulations and customer protection requirements.