| Criteria | Details |
|---|---|
| Loan Amount | ₹1,000 to ₹50,000 |
| Interest Rate | Up to 26% per annum |
| APR | 26% Max |
| Age | 21 to 55 years |
| Late payment fee | as applicable |
| Processing Fee | Up to 5% |
| Loan tenure | 90 days to 180 days |
| Pre-closure charges | As per Agreement |
| Loan Amount : | ₹20,000/- @ 26% p.a. |
|---|---|
| Loan Duration : | 90 Days |
| Total loan interest : | ₹ 1,300/- |
| Processing fees (PF) + GST : | ₹ 500 + ₹ 90 = ₹ 590/- |
| Deduction from Loan : | (PF + GST) - ₹ 590/- |
| Amount to be Credited: | ₹20,000 - ₹590 = ₹19,410/- |
| Total Repayable Amount : | ₹ 21,300/- |
| Monthly EMI Repayable : | ₹ 7,100/- |
| PF + GST are deducted in advance | At the Time of disbursal. |
