About Rajouri Financial Services
RBI-registered Non-Banking Financial Company (NBFC) dedicated to making formal, regulated credit accessible to individuals, traders, and small businesses across Maharashtra.
Rooted in Latur, Serving Local Aspirations
Rajouri Hire Purchase Finance Pvt Ltd (operating as “Rajouri Financial Services”) is a Non-Banking Financial Company registered with the Reserve Bank of India. The company has held continuous RBI registration as a non-deposit-taking NBFC since 12 April 2018 — it is not a newly registered entity, though the present leadership took control and restarted active lending from 10 April 2024.
We serve a specific and persistent gap in the market: small business owners, salaried individuals, and self-employed professionals in Tier-2 and Tier-3 towns who often struggle to access fast, transparent credit from traditional banks built around metro underwriting models.
We operate out of Latur because we understand this market directly — the seasonal cash flows of local trade and agriculture-linked businesses, the documentation challenges faced by self-employed applicants, and the need for quick decisions without unnecessary paperwork.
What Drives Us Every Day
Transparency
Clear loan terms, fast approvals, and absolutely no hidden fees.
Fairness
Building products around local income patterns, not generic metro templates.
Responsibility
Maintaining strictly regulated, non-coercive recovery practices at all times.
Support
Supporting the credit needs of small business owners who form the backbone of the local economy.
Where We Operate
Rajouri Financial Services currently operates from branches in Latur and Pune, serving customers across Latur, Beed, Dharashiv (Osmanabad), and Nanded districts of Maharashtra.
Purpose & Mission
Our Purpose: To make formal, regulated credit accessible to individuals and small businesses in semi-urban and rural Maharashtra, who are often underserved by larger financial institutions.
Our Mission
- ✓ Fast & Transparent Approvals: Provide fast, transparent loan approvals with clearly disclosed terms and no hidden charges.
- ✓ Underwriting for Local Reality: Build lending products around local income patterns, not just standard salary slips or ITRs.
- ✓ RBI Fair Practices Code: Maintain responsible lending practices strictly in line with the Reserve Bank of India’s Fair Practices Code.
- ✓ Backbone of Local Commerce: Support the credit needs of small business owners, traders, and self-employed individuals who form the backbone of Latur’s economy.
What We Do Not Do
- ✕ No Coercive Recovery: We do not use coercive recovery practices under any circumstances. All communication strictly follows RBI Fair Practices standards.
- ✕ No Undisclosed Fees: We do not charge undisclosed processing fees or hidden commissions. Every fee is stated in your written Sanction Letter before signing.
- ✕ No Over-Lending: We do not lend beyond a customer’s repayment capacity. Underwriting is grounded in verifiable debt-service capacity.
Leadership
Suhas Bapurao Pachpute
DirectorChairman, Yashwant Nagarik Sahakari Bank, Latur, with over two decades in cooperative banking leadership in the Latur region. Previously Chairman of Kulswamini Nagarik Patasanstha for approximately 15 years. Holds a Master’s degree in Management and began his career as a lecturer of Commerce.
Ravi Narhire
Founder & DirectorFounder & Director of Imagene Technologies Pvt. Ltd. (Pune) and Director of Imagene Inc. (USA), with over three decades across IT, entrepreneurship, education, and rural development. Holds a B.Sc. in Electronics (Latur) and a Master of Computer Management (Pune).
Management Team
Head Office (Latur) — Executive Key Managerial Personnel
Take the Next Financial Step
Check your eligibility and speak to one of our loan advisors today.