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

• Loan amount: ₹ 30,000 at interest rate of 30% p.a.
• Loan Duration: 3 Months
• Total personal loan interest = ₹ 2,250
• Processing 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.