NORTHERN ARC CAPITAL LIMITED 0.1.46

Northern Arc Capital Limited operates as a comprehensive financial services platform with a diverse business model aimed at providing credit to Micro, Small, and Medium Enterprises (MSMEs), households, financial institutions, and emerging businesses. The company has successfully disbursed over six million loans to a range of retail customers, including individuals and small businesses, covering business loans, personal loans, and Buy Now Pay Later (BNPL) facilities through a fully digital process. Its reach spans 657 districts across 28 states and 7 Union Territories in India.

Recently, Northern Arc Capital Limited has introduced education loans designed to enhance access to quality financing for students seeking superior educational opportunities within the country. The Education Loans application allows parents to secure funding for their children's education conveniently with just a click. These loans cover school fees, coaching classes, online career enhancement courses, and skill development programs.

Benefits for Institutions:

• Upfront annual fee payment
• Reduced follow-up efforts for fee collection
• Customized dashboard for tracking fee receipts
• End-to-end digital loan process

Benefits for Parents:

• Instant loan disbursement
• Flexible monthly payment options
• No collateral or security required

The annual percentage rate (APR) ranges from 8% to 10% for qualified consumers, with repayment terms available from 3 to 60 months, which will be determined by the lender prior to finalizing the loan agreement.

For instance, if one borrows ₹1,00,000 over a 12-month period with an interest rate of 8%, the monthly equated monthly installment (EMI) would be ₹8,699, resulting in a total repayment cost of ₹1,04,388.