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Rates & Charges
Minimum loan amount - Rs 5,000 /-
Maximum loan amount - Rs 1,00,000 /-
Tenure - 90 Days to 365 Days.
Processing fee - 5% to 8% of loan amount.
Rates & Charges
No pre - closure charges
No prepayment charges
ROI (Rate of interest) @ 1.5% to 2.92% Monthly
APR (Annual Percentage Rate) @ 18% to 35%.
APR (Annual Percentage Rate) @ 18% to 35%.
How is APR determined?
Annual percentage rate (APR) is determined based on your credit score, the amount you wish to borrow and your steady income. Generally, a good CIBIL score calls for a low APR while a poor CIBIL score means high APR. But we have a fixed APR which is the same for all.
Working of Our Rates & Fees
APR reflects the true cost of borrowing money. It includes the annual interest rate, a nominal processing fee and other miscellaneous expenses. APR is usually lower than your credit card interest rate. APR is the actual annual cost of your loan that helps you compare various loan offers from different lenders. We have a fixed APR @ 33.6% per annum.
Monthly Payment Example
Tenure | Loan Amount | Monthly Interest Rate | Processing Fees | APR | Amount Disbursed | EMI | Total Interest |
---|---|---|---|---|---|---|---|
3 Months | Rs.20000 | 2% | Rs.1000 | 24% | Rs. 19000 | Rs. 6935 | Rs. 805 |