Who lends the money

Unicorn Fintech Private Limited is a Lending Service Provider. We do not lend. We source and service loans, and we support verification and collections, on behalf of lenders. Every loan is made by a Non-Banking Financial Company registered with the Reserve Bank of India, which takes the credit decision, disburses the money, holds the loan on its own balance sheet and remains answerable for it.

We act for more than one lender. The lender that made your loan is named on your Key Facts Statement, your sanction letter and your loan agreement. That name, not ours, is the one to use when you write to us about the account.

No fee is ever payable to Unicorn Fintech to have a loan approved. Any charge on your loan is set by the lender and is disclosed to you in the Key Facts Statement before you accept the offer.

Our lending partners

Basel Investments Limited

A non-deposit-taking Non-Banking Financial Company, registered with the Reserve Bank of India since 1998 and incorporated in 1989.

Corporate Identity Number: U65921CH1989PLC009241
RBI Certificate of Registration: B-06.00059
Registered office: SCF 80, Back Side, 2nd Floor, Sector 47-D, Chandigarh 160047
Website: baselinvestments.com

Basel publishes its own Fair Practices Code, Interest Rate Policy, schedule of charges, grievance route and digital lending disclosures at baselinvestments.com. Its digital lending disclosures page names every application through which a Basel loan is offered.

Our other lending partners

Through Loan Zap, the platform we manage at loanzap.in, we also source for:

Aman Fincap Limited
Focus Industrial Resources Limited
AGF Finlease (India) Private Limited

Each is registered with the Reserve Bank of India and publishes its own terms, charges and grievance route. Each is named to the borrower in writing before the loan agreement is signed.

Different lenders price differently. The rate, the fees and the Annual Percentage Rate on your loan are set by the lender that makes it, and are shown to you in the Key Facts Statement before you accept. Do not rely on a rate quoted for one lender's product when your loan is made by another.

If you are not sure which lender holds your loan, check your loan agreement, or ask us and we will tell you.

What we do, and what we do not do

We do: introduce you to a lender, collect and verify the information a lender needs, service the account, and act as a recovery agent where a lender names us to you in writing.

We do not: lend our own money, hold your loan, take the credit decision, set your interest rate, or decide whether your application succeeds. Those are the lender's, and only the lender's.

If something goes wrong, our grievance redressal page sets out who to contact and in what order, ending with the Reserve Bank Ombudsman.