Saarathi

Saarathi app helps our partners to hunt for leads, find the right lender match for the lead, view lender commissions, log in file with the Lender, track the file status in real-time, get the best payouts and manage their business end-to-end.

About Saarathi App -

Built to connect Saarathi's Channel Partners with Lenders digitally, Saarathi app aims to help our partners with their entire business with a unified application that will transform loan distribution in India. Saarathi is not directly engaged in money lending activities and is only providing a platform to facilitate money lending by registered Non-Banking Financial Companies (NBFCs) or banks to users. We work alongside our Channel partners to facilitate the disbursement of Home Loans, Loan Against Property, and Business Loans from the most suitable lenders.

We are working with following partners for digital Lending :

Lender Name Website Link
DMI Finance https://www.dmifinance.in/about-us/about-company/#sourcing-partners

Key Features:

With the Saarathi app, our partners can hunt for leads, find the right lender match for the lead, view lender commissions, log in file with the Lender, track the file status in real-time, get the best payouts and manage their business – all in one app.

· Sourcing: Use Saarathi's QR code facility to hunt leads from anywhere.

· Saarathi Match: Find the right match for your customer from our partnered Lenders.

· Lender Corner: View the payout commissions for partnered Lenders.

· Digital Logins: Log in the file directly to the Lender's system through API integrations.

· Real-time Status: See the file status with the Lender instantly.

· Commission Invoicing: Check and generate invoices digitally and automatically.

· Business Management: Maintain a Ledger of your leads and your business using our Business Management Features

Example of Loan

- Loans usually have a repayment tenure, ranging from 6 months to 30 years depending on the lender and product category.

- Depending upon the applicant's profile, product and the lender, the APR (Annual Percentage Rate) of a loan may vary from 7% to 35%

- For example, on a personal loan of Rs. 4.5 lakh at an interest rate of 15.5% with repayment tenure of 3 years, the EMI will be Rs. 15,710. The total payout here would be:

Principal Amount: Rs 4,50,000
Interest Charges (@15.5% per year): Rs 1,15,560 per year
Loan Processing Fees (@2%): Rs 9000
Documentation charges: Rs 500
Amortization Schedule charges: Rs 200

Total cost of the loan: Rs 5,75,260

- However, in case of change of payment mode or any delay or non-payment of EMIs, additional charges / penal charges may also be applicable, depending on the lender's policy.

- Also depending upon the lender, prepayment options may or may not be available and applicable charges for the same may vary.

Feedback and Support:

We love hearing from our Partners! If you have any feedback or need support, please get in touch with us at care@saarathi.ai.

We are excited to onboard you as our partner. Download the Saarathi app today to grow your business!