Rates & Charges
| Minimum Loan Amount | Rs. 5,000/- | Maximum Loan Amount | Rs. 100,000/- |
|---|---|---|---|
| Processing Fee | Up to 10% of loan amount | Pre-closure Charges | No pre-closure charges |
| Tenure | 61 to 180 Days | ROI (Rate of Interest) | Up to 1.0% |
| APR (Annual Percentage Rate) | Up to 385% Per Annum | GST on Processing Fees | 18% |
| Cheque Bounce Charges | Rs. 1,000/- per bounce |
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.
| Principal | No. of Days in Loan | PF with GST | Total Interest | Interest Rate | PF Rate | Repayment Amount | PF Inc. GST | Dis. Amount | APR in % |
|---|---|---|---|---|---|---|---|---|---|
| Rs. 1,00,000 | 31 Days | Rs. 10,000 | Rs. 31,000 | 1% | 10 | Rs. 1,31,000 | Rs. 11,800 | Rs. 88,200 | 504 |
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