Lending that sees the whole picture
A business is more than a score and a collateral list. We read the cash flows, the buyers, the owner and the plan — and decide in Kota, in 72 hours.
EMI calculator
Your actual rate depends on business vintage, bureau score and cash flows. These bands are indicative.
- Principal
- ₹25,00,000
- Total interest
- ₹7,53,716
- Total you repay
- ₹32,53,716
- Median time from sanction to money in the account
- 72 hours
- Ticket sizes we write, across four products
- ₹5L – ₹50L
- First call from a credit manager after you apply
- Same day
- Rate, fees and tenure on paper before you commit
- In writing
Built in Kota, for the businesses that keep Kota running
Kovid Finance Private Limited is a Non-Banking Financial Company registered with the Reserve Bank of India. We started in Kota because the traders, manufacturers and service businesses here were being asked to wait weeks for answers a local lender could give in days.
We keep credit decisions in the city. The person who reads your file is the person you speak to, and the terms you are quoted are the terms you sign.
Decisions stay local
Files are read and approved in Kota by people who know the market, the seasons and the buyers you sell to.
Nothing hidden in the rate
Interest, processing fee and every other charge are disclosed separately, in writing, before commitment.
Regulated, and published
Our RBI registration, board-approved codes and grievance path are on this site, not furnished on request.
Leadership
- Name to be confirmedManaging Director
- Name to be confirmedHead of Credit
- Name to be confirmedCompliance Officer
Pick the one that matches your problem
Four products. Compare them side by side rather than reading four sales pages.
- Most common
Business Loan
Unsecured term funding for expansion, machinery, inventory or a large order you need to fund now.
- Amount
- ₹5L – ₹50L
- Tenure
- 12 – 60 months
- Collateral
- None
- Most flexible
Working Capital Loan
A sanctioned limit you draw and repay as you need it. Interest accrues only on what is outstanding.
- Amount
- ₹5L – ₹50L
- Tenure
- 12 – 60 months
- Collateral
- None
- Fastest
Invoice Discounting
Paid on day one instead of day ninety. We advance against invoices raised on creditworthy buyers.
- Amount
- Up to 90% of invoice
- Tenure
- 30 – 120 days
- Collateral
- The receivable
- For individuals
Personal Loan
For promoters and salaried applicants. Fixed EMI, assessed on income documents rather than vintage.
- Amount
- ₹1L – ₹15L
- Tenure
- 12 – 48 months
- Collateral
- None
Every charge, on one page
Most lenders bury this in a sanction letter you see after you have already committed. Ours is public, and the same numbers appear in the Key Facts Statement you sign.
| Interest rateReducing balance, product and profile dependent | 12.5% – 26% p.a. |
|---|---|
| Processing feeDeducted from the disbursed amount | 1% – 2% |
| Invoice Discounting feePer month on the advanced amount | 0.9% – 1.8% |
| Foreclosure, after 6 monthsOn the outstanding principal | Nil |
| Foreclosure, within 6 monthsOn the outstanding principal | 2% |
| Instalment bounce chargePer failed presentation | ₹500 |
| Penal charge on overdueOn the overdue amount, per month | 2% |
| Fee payable before sanctionWe never collect anything upfront | Nil |
Figures shown are the current published bands and are subject to revision. Goods and Services Tax applies where relevant.
From enquiry to money in the account
- 2 minutes
Answer four questions
No login, no document upload, no credit bureau enquiry at this stage.
- 24 hours
A credit manager calls
A real person in Kota reviews your case and tells you plainly what is feasible.
- 48 hours
Sanction and Key Facts Statement
Rate, every fee, tenure and total cost in writing before you commit to anything.
- 72 hours
Money in your account
Direct transfer to the business account. No cash, no intermediaries, no surprises.
From enquiry to money in the account
- 2 minutes
Answer four questions
No login, no document upload, no credit bureau enquiry at this stage.
- 24 hours
A credit manager calls
A real person in Kota reviews your case and tells you plainly what is feasible.
- 48 hours
Sanction and Key Facts Statement
Rate, every fee, tenure and total cost in writing before you commit to anything.
- 72 hours
Money in your account
Direct transfer to the business account. No cash, no intermediaries, no surprises.
What we need from you
- PAN and Aadhaar of promoters
- 12 months of bank statements
- GST returns, last 2 years
- ITR or audited financials, last 2 years
What we will never do
- Charge a fee before sanction
- Pull your bureau report without written consent
- Route you through a commission agent
- Use recovery agents outside our published code
One question at a time
No login, no uploads, no forty-field form. Answer four questions and a credit manager in Kota calls you back the same working day.
What are you looking for?
A lender you can check up on
Kovid Finance Private Limited holds a Certificate of Registration from the Reserve Bank of India and operates under the RBI's Scale Based Regulation framework. Our registration details, board-approved policies and grievance escalation path are all published here rather than furnished on request.
Every borrower receives a Key Facts Statement setting out the annual percentage rate, all fees, the recovery mechanism and the grievance contact before any agreement is signed.
- Legal entity
- Kovid Finance Private Limited
- RBI CoR number
- B-10.00134
- CIN
- U67120RJ1993PTC007199
- Classification
- NBFC-ND, Base Layer
- Registered office
- Kota, Rajasthan
- Statutory auditor
- To be confirmed
Common questions
Any MSME with at least 12 months of operations, a valid GST registration and annual turnover above ₹30 lakh. We lend to proprietorships, partnerships, LLPs and private limited companies. Promoters and salaried applicants can also apply for a personal loan.
A credit manager calls you the same working day. Where documents are in order, sanction typically follows within 24 hours and money reaches the account within 72. Invoice discounting against a verified buyer is usually faster.
Business vintage, credit bureau score, cash-flow stability, sector and any security offered. Our board-approved Interest Rate Policy lists every factor we weigh and the permitted range for each product. It is published on this site, not furnished on request.
A processing fee of 1–2% of the sanctioned amount, applicable stamp duty, and bounce or penal charges only if an instalment fails. Nothing is payable before sanction. Every figure appears in the Key Facts Statement you receive before signing.
Yes. Part-prepayment is allowed at any time. Full foreclosure after six months carries no charge; within six months a nominal fee applies on the outstanding principal.
Yes. Kovid Finance Private Limited holds a Certificate of Registration from the Reserve Bank of India as a Non-Banking Financial Company and is supervised under the RBI's Scale Based Regulation framework. Our CoR number is in the footer of every page.
Write to our Nodal Officer, Virendra Jain, at virendra@pandyagroup.com or 9829035223. We acknowledge within 48 hours and aim to resolve within 30 days.