Rao Brother's Chit Fund PVT LTD

RAO BROTHER'S CHIT FUND PVT LTD.

Rao Brother'sprovided me the additional capital – when I needed it the most – for expanding my business. Ever after, I never thought of chit funds the way I did! - K.P. Loknath, Builder.

With Rao Brother'ss the purchase of any asset (car, house, gold, etc.) becomes easier because of the breaking-up of capital cost into smaller amounts. You can build the finance for your asset according to your convenience, advance planning, and repayment capacity. - K. Muralidhar , Project Manager, TCS, Hyderabad

Rao Brother's offers the best source of finance at lower interest rates, and also provides insurance against unforeseen contingencies. Unlike financial institutions, I can draw upon my fund for any purpose – education, marriage, religious function, spiritual tour, medical expenses, or just about anything! - Sridhar, Team Lead, Infosys

I always wanted to buy a high-end digital camera to pursue photography, but did not have enough money. I was skeptical about finance from banks. Rao Brother'sprovided me the necessary finance. Rao Brother'sis not only reliable, transparent, and trustworthy, but obtaining finance when you need is hassle-free and quick, with minimum documentation. - Bharadwaj, Web Developer in TrendaSource

Rao Brother'slets your worry about car finance take a back seat, allowing you to occupy the box-seat! - S. Giridhar, Project Manager, SRAOSS

Getting a home loan is easy these days, but paying it back is a big problem. Rao Brother'sallows me great flexibility in repaying my debt in small and easy installments. - G. Manohar, HR, Pegasys

When my daughter’s marriage got fixed, I was worried about arranging finance within a short period of time. Rao Brother'scame to my rescue like a savior. I was also able to pay off the loan without any hassles. - S. Anand Swamy, Designer, OMS3

My daughter was very keen in pursuing her higher studies in medicine from abroad. Rao Brother's helped my daughter in realizing her dream. Unlike banks, I got the money I required without any documentation or delay. Rao Brother'sgave me both joy and peace of mind. - M. Santoshi, HR, APS Associates

After my retirement, I was worried about my finances. But, thanks to Rao Brother's, all my worries have now been put on the back-burner! - K. Nandu, TL, Soft Tech

My mother fell sick suddenly and had to be hospitalized. She had to undergo a major operation of the spinal cord. I fell short of money and at that time, Rao Brother'sgave my mother a new lease of life by providing the necessary finances. - M K. Mohan, Programmer, MMG

How It Works

Enrol in a Fund of your choice

Enrol in any of the Rao Brother'sschemes of different fund value. For instance, let's assume that you enrol in a scheme of Rs. 5 lakh for 25 months consisting of 25 members.

Contribute Monthly

Now, pay Rs.20000 in first month and respective contributions for 24 months. You can pay the amount by cash, cheque, or online through debit card or internet banking.

Participate in Auction

When the auction is conducted, eligible members participate in the auction either through Internet or SMS or IVRS. If a member bid for Rs. 1,50,000, which is the maximum amount, then he/she is declared as the Prized Subscriber. If two or more participants bid for Rs.1,50,000 discount, then the successful bidder is determined by draw of lots by system.

Earn Dividend

The discount amount Rs.1,50,000 available will be equally distributed to all the members of the group, after deducting Rs.25000 which is foreman’s commission. This means you earn Rs.5000 as dividend, in which case your next monthly contribution will be Rs.15000 only.

Quick Disbursement

Every month, a Successful Bidder gets his prized amount (in our illustration it is Rs.3,50,000) and it is disbursed within 30 days after submission of necessary documentation and verification, to the satisfaction of the company. The Prized Subscriber continues to pay his/her monthly contributions till the end of fund tenure.

Withdraw Your Funds

The dividend earned each month is the profit for all subscribers who take their money at the end of 25 months.

Rao Brother's SYMBOLIZES TRUSTYou can bank on our years of expertise

We strive hard to earn your trust and in the process we get evaluated by ourselves with our customers, industry bodies and other 3rd parties from time to time. Please explore the status quo on our credentials and keep a watch on this space.