Repay Loan

About

Please Repay Your Payable Loan Amount

Company Name - Sawalsha Leasing & Finance Private Limited
Bank Name - RBL Bank
Account Number - 409001757348
IFSC Code - RATN0000421 (for RTGS, IMPS and NEFT )
Account Type - CURRENT

LOAN MODEL

Loan Amount: - 5,000 to 2,00,000
Interest Rate: - Up to 36% per annum
APR: 36% MAX
Age: - 21 to 55 years
APR 36 % Max.
Late payment fee - as applicable (Charged only, if repayment is delayed)
Processing Fee: - Up to 5%
Loan tenure: - 90 days to 365 days
Pre-closure charges – As applicable

Sample Loan Calculation

Example


Loan amount: ₹ 30,000 at interest rate of 30% p.a.
Loan Duration: 3 Months
Total personal loan interest = ₹ 2,250
Platform fees (PF) + GST = ₹ 500 + ₹ 90 = ₹ 590
Total Deductibles (PF + GST): ₹ 590
In-Hand Amount: Loan Amount - Total Deductibles = ₹ 30,000 - 590 = ₹ 29,410
Total repayable Amount (Loan Amount + Interest): ₹ 32,250
Monthly EMI Repayable (Loan Amount + Interest / No of EMI's): ₹ 10,750
PF + GST are deducted upfront during the loan disbursal.