AKME Fintrade (India) Limited



The flagship company of the group, a NBFC having license from Reserve Bank of India (Registration No.10.00092) indulge in micro finance, two wheeler finance and accepting public deposits. The company whose seeds were planted to cater the needs of rural people, labour class, farmers etc has now grown into a significant brand in the state of Rajasthan. The company is among the only one of the 2 companies in Rajasthan permitted by RBI to accept Public Deposits. It is one of the most trusted and respected company as it has a large database for finance and public deposits. The company is having credit facilities from Bank of Baroda.

Loan Policy

The main aim of Akme Fintrade India Limited is to provide financial assistance for anyone who is in need and eligible. We believe in serving the society in such a manner that whosoever comes to us; we help them with our full support according to their requirement. We follow the principle of ‘A friend in need is a friend indeed’ with strict guidelines and procedures as let down by the licensing authority. A person who is taking the vehicle loan from us must be capable enough to repay the amount. We track a complete KYC of the respective people who desire to get financial aid from us. Our major customers are based in rural areas which enable us to achieve our aim and facilitate to fulfill our objectives.

Key Features

Any Individual / Group or Company can avail lot of benefits as being the customer of Akme Fintrade India Limited Some of them are:
  • Complete Transparency in our system and agreement with the customer.
  • Easily accessible and approachable
  • Fast & Quick Processing of Loan and Disbursement of amount.
  • Easy payment of installment by the customer through various modes such as ECS, NEFT, Cheque, Cash.
  • Competitive Rates and Better facilities for rural people.
  • Loan Tenure ranges from 1-5 years but can be extended depending upon the customer’s profile.
  • The company lands in the band of 70% - 80% of the agreement amount of the vehicle to the borrower.

Eligibility and Requirements

  • Any individual / Firm / Company looking to fulfill their need especially lo low income people.
  • Any individual / Group capable to support their cause of loan.
  • Irrespective of class, creed and color.
  • Capable enough to repay the loan in easy EMI.


  • Fully filled and duly signed Application Form
  • Borrower’s Address Proof
  • Borrower ’s Identity Proof
  • Photo of Borrower / Co-Borrower
  • Bank Statement of Last 6 Months
  • Post Dated Cheque of Co-Borrower
  • Income Proof/ IT Returns of Borrower
  • Quotation of Value of Vehicle
  • Guarantor Address Proof
  • Guarantor Identity Proof
  • Guarantor Photo
  • Guarantor Income Proof / IT Returns
  • Guarantor Cheque
  • MOA & AOA / Director Resolution (In case of Companies)
  • Partnership Deed / Authority Letter (In case of Partnership Firm)
  • Financial Statements If required.

Processing Period and Disbursement

We take minimal time for approval of loan and its processing. As soon as the customer hands over all of his and Co-Borrower’s / Guarantor’s relevant documents, we pursue our procedure of KYC, AML and other policies for complete verification of the documents. Subsequent to our satisfaction (as suggested by our Valuer, Lawyer and Field Staff); we disburse the loan amount in the name of borrower by A/C payee cheque only.

Interest Rate and Charges

Our interest rates are completely based on the prevailing money market situation. The administrative committee regularly reviews and updates the interest rates and various charges depending on the market scenario. Each loan account is assessed based on various specifications like KYC of customer, tenure, loan amount, repayment schedule etc. Even than our rates are very competitive.

As per the guidelines directed by Reserve Bank of India, the company follows each and every principle. The customer/borrower has been made aware regarding all the charges before signing any agreement with the company.

Recovery Policy

The recovery of loan amount is closely monitored by the recovery team and is updated on monthly basis to the higher authorities. Whenever any account becomes sticky legal action is initiated well in time and also the NPA norms are strictly followed as per RBI and Motor Vehicle Finance Guidelines.