| Minimum loan amount - Rs 5,000 /- | No pre - closure charges |
| Maximum loan amount - Rs 1,00,000 /- | No prepayment charges |
| Tenure - 61 Days to 365 Days. | ROI (Rate of interest) Upto @ 1% Per Day |
| Processing fee - Upto 10% of loan amount. | APR (Annual Percentage Rate) Upto @49%. |
| Bounce Charges: Rs. 1000/- |
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.
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.
| Loan Amount : | Rs.100000/- |
| APR : | 49% per annum |
| Tenure : | 90 Days |
| Processing Fees : | 8% of loan Amount |
| Gst on Processing Fees : | 18% |
| Amount Disbursed : | Rs. 90560/- |
| Total Repayment Amount : | Rs. 124000/- |
| Total Interest : | Rs. 24000/- |
