Loan app · What the documents disclose
Salary Champion: What the Documents Disclose
Salary Champion is a brand of Richman Fincap Ltd. Every figure on this page is taken from the lender’s own sanction letter, Key Facts Statement or recovery e-mail, and is republished from our investigation of ten short-tenure lenders. No figure is estimated, and no allegation of intent is made anywhere on this page.
The company’s own figures
| Operated by | Richman Fincap Ltd |
|---|---|
| RBI register | Sl. 6551 |
| Sanctioned | Rs 44,000 |
| Deducted at source | Rs 6,956 |
| Actually received | Rs 37,044 |
| Its own disclosed APR | 503.94% |
Dated events
12 August 2026
A recovery e-mail was sent from a personal Gmail account with 120-plus borrower addresses visible in the open “To” field.
Where to complain — official channels only
- cybercrime.gov.in — the National Cyber Crime Reporting Portal
- cms.rbi.org.in — RBI Complaint Management System (grievance to the lender first, then RBI)
- sachet.rbi.org.in — RBI's Sachet portal
- incident@cert-in.org.in — CERT-In, for the data-exposure element
Preserve the original e-mail with full headers before you complain, and take the recipient list as a screenshot.
Questions
Salary Champion loan — is the disclosed APR what it costs?
Richman Fincap Ltd disclosed 503.94% on a Rs 44,000 sanction, of which Rs 6,956 was deducted, leaving Rs 37,044. Any figure that excludes deductions at source is not the cost on the money you received.
My address appeared in someone else’s recovery e-mail. What do I do?
Preserve the original e-mail with full headers before you complain, and take the recipient list as a screenshot. If your address appeared in someone else’s recovery e-mail, that e-mail is evidence in your own hands.
How do I file an RBI complaint against a loan app?
Raise it with the lender’s grievance officer, wait for the prescribed period or a rejection, then file on cms.rbi.org.in. sachet.rbi.org.in is the parallel channel for unregulated-entity reports.
This page summarises one lender from a wider investigation.
The full piece covers nine companies and ten documented recovery e-mails: More Than 1,250 Borrowers Exposed, 701% a Year.
Right of reply
Every company named on this page is invited to respond. If any figure, date, count or description here is inaccurate, write to us with the correcting document and we will publish the correction, or the response in full, alongside this article without charge and without editing its substance.
No adjudication
No court, tribunal, ombudsman or regulator has adjudicated any of the conduct described on this page. Nothing here asserts that any company acted unlawfully, or asserts any intent, motive, knowledge or state of mind. The registration status of any lender is a matter for the Reserve Bank of India alone. Each described act is stated with its date and sourced to the company's own document.