Most lenders show you a rate range and pick a number from inside it. KrimKar does something different — the KrimKar Rate Index computes your personalised indicative rate from five real-time signals, and shows you exactly what's moving it. Here's how it works.
The Formula
Your Rate = BaseRate × DemandMultiplier × ProfileMultiplier × TimeMultiplier − AssetDiscount
All rates are indicative. Your actual rate is set by our NBFC lending partner at sanction.
What it is
Your on-time EMI payment record across all KrimKar loans.
How it's measured
A normalised score from 0–1 based on payment propensity (50% weight), inverted risk (30% weight), and borrower engagement (20% weight).
What it drives — your borrower tier
| Tier | Score Range | Max Discount |
|---|---|---|
| Bronze | 0.00 – 0.39 | 0% |
| Silver | 0.40 – 0.59 | 0.5% p.a. |
| Gold | 0.60 – 0.79 | 1.0% p.a. |
| Platinum | 0.80 – 1.00 | 1.5% p.a. |
First-loan borrowers start at Bronze (default score 0.3) and can reach Silver after 3 on-time EMIs.
What it is
Your CIBIL or Experian bureau score, reflecting your overall credit history across all lenders.
How it's used
Weighted at 25% of your combined borrower score — it matters, but it is not the sole determinant of your rate.
Soft vs Hard pull
A rate check uses a soft pull — no CIBIL impact. Only when you submit a full application (with your consent) is a hard inquiry made.
What it is
Fixed deposits, gold, property, mutual funds, vehicles, LIC policies, PPF/EPF — assets you declare during application.
Verification
Unverified assets earn 25% credit (treated as an intent signal). Verified assets receive 100% credit toward your discount.
| Asset Type | Rate Reduction |
|---|---|
| Fixed Deposit / RD | up to 1% p.a. per ₹1L |
| Mutual Fund / Stocks | up to 0.8% p.a. per ₹1L |
| Gold | up to 0.6% p.a. per ₹50K |
| Property (verified) | flat 0.8% p.a. |
| Vehicle (verified) | flat 0.16% p.a. |
| LIC / Insurance | flat 0.1% p.a. |
| PPF / EPF | up to 0.48% p.a. per ₹1L |
Maximum additional discount from assets: 2% p.a.
What it is
The real-time count of loan applications on the platform in the last hour.
How it works
High demand → slight rate increase (up to +5% on base rate). Low demand → rate reduction (up to −5%). Similar to how flight prices move with booking demand — apply when the platform is quiet.
| Applications / Hour | Demand Index | Effect |
|---|---|---|
| < 5 | 0.1 | Rate reduction |
| 5 – 19 | 0.4 | Slight reduction |
| 20 – 49 | 0.6 | Near neutral |
| 50+ | 0.9 | Slight premium |
| Time (IST) | Window | Multiplier |
|---|---|---|
| 11 PM – 6 AM | Off-peak | 0.95 (5% discount) |
| 9 AM – 12 PM | Peak | 1.05 (5% premium) |
| All other hours | Standard | 1.00 |
Applying after 11 PM or before 6 AM IST qualifies for our off-peak rate.
As you repay on time, your borrower tier improves — and your rate automatically decreases on every subsequent loan. The full rate journey visualisation is available on the KrimKar homepage.
View rate journey on homepage →Is my rate guaranteed once I see it?
No. The rate shown during a check is indicative only. Your actual interest rate is set by our NBFC lending partner at the time of loan sanction, and may differ based on final credit assessment, policy changes, or market conditions.
Can I check my rate daily to find the lowest?
Yes. Soft checks don't affect your CIBIL score, so you can check your indicative rate as often as you like. Time your application during off-peak hours (11 PM – 6 AM IST) and low-demand windows for the best rate.
What's the fastest way to get a better rate?
Pay your first 3 EMIs on time to reach Silver tier — this is the single biggest lever available to first-time borrowers. Declaring and verifying assets (especially FDs) provides the next largest discount.
Soft check only — no CIBIL impact. Takes 2 minutes.
Check My Rate Now →