Rates & Charges
| Minimum Loan Amount | Rs. 5,000/- | Maximum Loan Amount | Rs. 100,000/- |
|---|---|---|---|
| Processing Fee | 5% to 8% of loan amount | Pre - Closure | No pre-closure charges |
| Tenure Days | 90 Days to 365 Days | ROI (Rate of interest) | 0.2% to 0.8% Daily |
| APR (Annual Percentage Rate) | @ 18% to 35% | Cheque Bounce Charges | Rs. 1000/- |
How is APR determined?
Annual percentage rate APR is based on several factors, including your credit score, the amount you wish to borrow, and your steady income. Generally, a good CIBIL score qualifies for a lower APR, while a lower CIBIL score results in a higher APR. However, in our case, we offer a fixed APR that remains the same for all borrowers, regardless of individual credit profiles.
| Tenure | Loan Amount | Interest Rate | Admin Fees | APR | Amount Depsoited | EMI | Total Interest |
|---|---|---|---|---|---|---|---|
| 12 Months | Rs. 1,00,000 | 21.3% PA | Rs. 4000 | 29.30% | Rs. 96,000 | Rs. 9311 | Rs. 11,732 |
Eligibility Criteria
Eligibility Criteria For Personal Loan
Must be an Indian Citizen
Age between 21-55 years
Must be a salaried/Business
Monthly Income 35,000
Credit score of 650 or above
Required documents
Required documents - Your path to
Required documents - Your path to
financial freedom
PAN Card
Aadhar Card
Salary statement
Recent Selfie