Rate and Terms

Home Rate and Terms

33.6% fixed APR

No Upfront Charge or Application Fees

How is APR determined?

Annual percentage rate(APR) is determined based on your credit score, the amount you wish to borrow and your steady income. Generally, a good CIBIL score calls for a low APR while a poor CIBIL score means high APR. But we have a fixed APR which is the same for all.

Working of Our Rates & Fees

APR reflects the true cost of borrowing money. It includes the annual interest rate, a nominal processing fee and other miscellaneous expenses. APR is usually lower than your credit card interest rate. APR is the actual annual cost of your loan that helps you compare various loan offers from different lenders. We have a fixed APR @ 33.6% per annum.

Monthly Payment Example

TERM LOAN AMOUNT INTEREST RATE ORIGINATION FEE APR AMOUNT DEPOSITED MONTHLY PAYMENT
12 Months Rs.1,00,000 2.83% Rs.1000 33.6% Rs.1,19,358. Rs.19,358
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