“Avanti Finance Private Limited wishes to draw the attention of our customers and members of the general public to the prevalence of fraudulent activities being perpetuated by fraudsters and unscrupulous people who aim to deceive the general public by using the name of Banks, NBFCs and other financial institutions.
This type of fraud may be via email, letters, text messages, facsimile or by using a website, email ids purporting to be that of Avanti. In the event of receiving any communication, We strongly cautions the public against providing personal information, sending money or disclosing bank details over email, SMS messages etc. to any person claiming to represent Avanti or to have a relationship with Avanti.
Please note that Avanti does not charge any processing fees or any other advance amounts, and does not accept loan applications via email, SMS etc. Accordingly, our customers and general public are strongly advised to seek information/clarifications by contacting our business office directly and/or online through https://avantifinance.in/ or call us directly on +91-80-41689310, in the event you receive any such communication.
All official emails from Avanti or its representatives contain the domain name @avantifinance.in and do not contain any other domain name in any other form (like gmail, yahoo etc). Our Principal Address for Correspondence is:
Avanti FinanceNo. 456, Ground 1st & 2nd Floor, 4th Block, BDA Layout, Koramangala Extension, Kormangala, Bengaluru 560034
CIN for AFPL: U65929KA2016PTC138355
CIN for AMPL: U65929KA2016PTC138292
Members of the public are hereby advised not to send/receive money to/from such scammers, as Avanti will have NO LIABILITY whatsoever for any and all losses/damages suffered by anyone who falls victim to such scams/letters from fraudsters. We hereby disclaim all such correspondence and messages and warn our customers and the general public to disregard such and to exercise extreme caution at all times.
Members of the general public and our customers are also advised to immediately report any suspicious incident and/or incident of defrauding of money as a result of these fraudulent acts and practices to the authorities in their jurisdiction, i.e. the Police and the Telecommunications regulator, including the Cyber Crime Cell. These incidents can also be referred to Avanti for appropriate action at our end.
It is our constant endeavour to provide the best and unparalleled support to our customers.”
|Within 10 working days||Customer Service contact (CSC) or Partner engagement manager (or equivalent)|
|Within 20 working days||Grievance Redressal Officer (GRO) or Head- Partnerships & Alliances (or equivalent)|
|Within 30 working days||Chief Executive Officer / Board of directors|
|Interest Rate||Individual||Not exceeding 24% per annum on daily reducing balance|
|Non-Individual||Not exceeding 18% per annum on daily reducing balance|
|Cheque bounce, cheque swapping||Up to a maximum of Rs. 250/- per instance|
|Mandate bounce||Up to a maximum of Rs. 250 /- per instance|
|Late Payment interest||Up to a maximum of 3% higher than the contracted rate for the period of delay.|
|Charges for Statement Of Account / Amortization Schedule||Nil|
|Stamping charges||Reimbursed on actual basis, subject to state laws-where fixed charges irrespective of loan amount, provided by IB-where ad-valorem charges as a function of loan amount, to be procured by borrower directly.|
Reserve Bank of India (RBI) has released the Statement of Developmental and Regulatory Policies on March 27, 2020 that directly addresses the stress in financial conditions caused by COVID-19. One of the policies relates to easing financial stress caused by COVID-19 disruptions by relaxing repayment pressures and improving access to working capital. In this area, RBI has permitted all lending institutions including NBFCs to grant a moratorium of three months on payment of all instalments falling due between March 1, 2020 and May 31, 2020. RBI has permitted to shift the repayment schedules and all subsequent due dates, as also the tenor for such loans across the board by three months. RBI has also asked all the lending institutions to put in place a Board approved policy in this regard. Our company being a Non-Banking Finance Company registered with RBI has framed the following policy after considering the policy guidelines issued by RBI vide circular no. RBI/2019-20/186 DOR. No. BP. BC. 47 / 21.04.048 /2019-20 dated March 27, 2020: Approved by the Board of Directors of Avanti Finance Private Limited on April 03, 2020 Relief measures approved by the Board for the retail loans outstanding as on March 31, 2020
Based on the recommendation from RBI to grant Moratorium on the subject of Covid -19 Regulatory package (Circular dated RBI/2019-20/186 DOR.No.BP.BC.47/21.04.048/2019-20), Avanti has decided to grant all borrowers a moratorium for EMI deferment falling due between the period March 01, 2020 to May 31, 2020(upto 92 days). Frequently Asked Questions