Rate and Terms

  • Home
  • Rate and Terms

Rates & Charges

  • Minimum loan amount - Rs 5,000 /-

  • Maximum loan amount - Rs 1,00,000 /-

  • Tenure - 90 Days to 365 Days.

  • Platform fee - 5% to 8% of loan amount.

  • No pre - closure charges

  • No prepayment charges

  • ROI (Rate of interest) @ 1.5% to 2.92% Monthly

  • APR (Annual Percentage Rate) @ 18% to 35%.

  • Cheque bounce charges: Rs. 1000/-

Monthly Payment Example

Tenure : 12 Months
Loan Amount : Rs.1,00,000
Interest Rate : 2%
Admin Fees : Rs.1000
APR : 24%
Amount Deposited : Rs. 99000
EMI : Rs. 9456
Total Interest : Rs.13472

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.