Minimum Loan Amount: Rs 10,000
Maximum Loan Amount: Up To Rs 2,00,000
Monthly Interest Rate: 2% Per Month
Minimum Repayment Tenure: Up to 12 Months
Maximum Repayment Tenure: Up to 10 Years
Processing Fees: 2% Of The Loan Amount
EMI Bounce Charge: Rs 590/- Bounce Charge
No Pre-Closure Charges
Annual Interest Rate: Approx.8%
Flexible terms and reliable service
Loan Amount | APR | Tenure | Processing Fee | GST on Processing Fee | Amount Disbursed | EMI | Total Repayment Amount | Total Interest |
---|---|---|---|---|---|---|---|---|
₹50,000 | 2% per month (24% APR) | 12 Months | ₹1,000 | ₹180 | ₹48,820 | ₹4,998 | ₹59,978 | ₹9,978 |
Loan Amount: ₹1,00,000 (This is the amount you are borrowing).
APR: 8% per year (This is the interest rate applied on the loan amount).
Tenure: 12 Months (The loan is to be repaid in 12 equal installments).
Processing Fee: Dependent on the loan amount (The processing fee varies based on the loan amount).
Amount Disbursed: ₹1,00,000 (This is the amount credited to your account).EMI: ₹8,868.07 (The fixed monthly installment to be paid, which includes both interest and principal).
Total Repayment Amount: ₹1,06,416.84 (The total repayment for the entire loan tenure including interest).
Total Interest: ₹6,416.84 (The interest paid above and beyond the loan amount over 12 months).