Pricing Policy

Interest Rate Policy

Venus Barter Private Limited (V MONEY)

1. Preamble / Objective

Venus Barter Private Limited ("the Company") is committed to transparent, fair, and risk-based pricing of its loan products. This Interest Rate Policy ("Policy") is formulated in compliance with RBI Master Direction on Scale Based Regulation for NBFCs (2023, as amended), RBI guidelines on Fair Lending Practices – Penal Charges (August 18, 2023), and other applicable circulars.

The Policy outlines the model for determining interest rates ensuring reasonableness, risk gradation, and full disclosure to borrowers. Interest rates are deregulated by RBI and are determined through a Board-approved framework.

2. Scope

This Policy applies to all lending products, primarily unsecured personal loans offered through the VMoney digital platform (up to ₹2,00,000).

3. Interest Rate Model & Key Factors

The Board shall approve the interest rate model considering the following factors:

  1. Cost of Funds: Borrowings and operational costs.
  2. Operating Expenses: Admin, tech, credit, collection.
  3. Risk Premium: Credit score, income, stability.
  4. Margin: Reasonable ROE.
  5. Tenor & Terms: Loan duration and conditions.
  6. Market Conditions: Benchmarks and competition.

Interest is charged on a reducing balance basis unless specified otherwise. Penal charges are separate, non-compounding, and disclosed upfront.

4. Range of Interest Rates

The annualized rate of interest shall range between 18% to 36% per annum, depending on borrower risk profile.

Borrower Risk CategoryIndicative Interest RateTypical Factors
Low Risk (High CIBIL, Stable Income)18% – 24%Excellent credit score, low DTI
Medium Risk24% – 30%Average credit profile
High Risk30% – 36%Higher risk indicators

Note: Exact rates are determined case-by-case and communicated transparently. No rate shall exceed regulatory limits.

5. Disclosure & Transparency Commitments

  • Annualized Rate of Interest (ARI)
  • APR / Effective Annualized Rate
  • Processing fees and penal charges
  • Total cost of credit

All charges are disclosed in KFS, sanction letter, loan agreement, and VMoney app/website. No charge is levied without consent.

6. Review & Approval

This Policy shall be reviewed annually or upon material changes in costs, risk profile, or RBI guidelines.

Last reviewed/approved: 16 January 2026

7. Communication

This Policy is displayed on the Company's website, VMoney app, and communicated to customers as required.