These Terms & Conditions (“T&Cs”) govern the access and use of the Reba Cash mobile application (“App”), which is owned and operated by Reba Realtors Private Limited (“Service Provider”). By using this App, you agree to the terms outlined below.
Service Provider: The App and related services are operated and facilitated by Reba Realtors Private Limited, a company that provides the platform and manages its operations. Reba Realtors Private Limited is not a direct lender but acts as an intermediary for financial services.
Lender: All loan products accessible through the Reba Cash platform are provided by Samsara Finance Private Limited, a third-party non-banking financial company (NBFC). Samsara Finance Private Limited is responsible for the assessment, approval, and disbursement of loans to users in accordance with applicable laws and regulations.
By continuing to use the App, you acknowledge that Reba Realtors Private Limited solely facilitates the connection between users and the lender, Samsara Finance Private Limited, and is not responsible for any financial arrangements directly between the lender and the user.
To use Reba Cash, you must be at least 18 years old, a legal resident of India with a valid government-issued ID, and have a regular source of income, which will be verified through our proprietary credit assessment process. Additionally, you must have an active bank account in your name with a recognized Indian bank, as well as a valid PAN card and Aadhaar number.
Loan Amount: ₹2000 to ₹50000
Interest Rate: 0.05% per day
Term: 91-120 days(Flexible terms)
Maximum Annual Percentage Rate (APR): 25.02%
Service Charge: 5%(including GST18%)
For Example:
Loan Amount: ₹10000
Interest= ₹10000*0.05%/day*91=₹455
Service Charge(including GST18%)=₹10000*5%=₹500
Received Amount= ₹10000-₹500(Service Charge)=₹9500
Repayment Amount: ₹10000+₹455(Interest)=₹10455
You must provide accurate and up-to-date personal information during the registration process, which we reserve the right to verify, and submitting an application does not guarantee loan approval.
We use a proprietary algorithm to assess your creditworthiness, which may include evaluation of your credit score, income, existing debts, and repayment history, and may involve third-party services for verification, with your credit limit potentially increasing based on your repayment history with Reba Cash.
Approved loans will be disbursed directly to your linked bank account, typically within several hours of approval, and repayments must be made on or before the due date specified in your loan agreement. We offer multiple repayment methods, including UPI, net banking, and auto-debit; if a late payment occurs, additional fees will apply, and the due date will be extended by 7 days.
You are responsible for maintaining the confidentiality of your account credentials.
You will not use the App for any illegal or unauthorized purpose.
You agree to provide accurate and up-to-date information at all times.
We collect and process your personal data in accordance with our Privacy Policy.
By using Reba Cash, you consent to the collection and processing of your data as described in our Privacy Policy.
We reserve the right to terminate or suspend your account for any violation of these Terms.
You may close your account at any time, provided you have no outstanding loans.
We may modify these Terms at any time, and changes will be effective upon posting to the App, with notice provided via SMS/Email, and your continued use of Reba Cash after changes are posted constitutes acceptance of the modified Terms.
We do not guarantee loan approval and are not responsible for any errors in information provided by you, and we reserve the right to change our services or fees at any time with prior notice.
You agree to indemnify and hold Reba Cash harmless from any claims, losses, or damages arising from your use of the App or violation of these Terms.
If any provision of these Terms is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that these Terms will otherwise remain in full force and effect.
By using Reba Cash, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions. If you have any questions, please contact our customer support at support@rebarealtors.com.