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Rates & Charges
Minimum loan amount
₹5,000
Maximum loan amount
₹1,00,000
Tenure
90 - 365 Days
Processing fee
5% - 8%
Interest Details
Pre-closure charges
No charges
Prepayment charges
No charges
Monthly ROI
1.5% - 2.92%
Annual APR
18% - 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 | ₹20,000 | 2% | ₹1,000 | 24% | ₹19,000 | ₹6,935 | ₹805 |