Transparent Pricing
Rates & Terms
Clear, transparent loan terms with competitive rates. Know exactly what you're paying for with no hidden charges.
Loan Eligibility Criteria
Applicant should be Indian Resident
Salaried Employed
Minimum Salary should be Rs. 20,000 per month
Good CIBIL Score
Saving Bank Account
Documents Required
Proof of Identity
Proof of Address
Proof of Age
Latest 3 Months Salary Slip/ITR Copies
Latest 6 Months Bank Statement
Photo
Other Documents, if needed
Rates & Charges
Loan Amount: Rs. 1,000 to 2,00,000
Processing Fee: 2% - 7%
Rate of Interest (ROI): 2.99%
Tenure/Repayment Period: 95 Days to 365 Days
GST on Processing Fee: 18%
Annual Percentage Rate (APR): 35% - 72%
Monthly Payment Example
Loan AmountRs. 20,000
Tenure12 Months
Processing FeesRs. 400
GST On ProcessingRs. 72
Amount DisbursedRs. 19,582
EMIRs. 2,009
Total Repayment AmountRs. 24,111
InterestRs. 4,111
APR%40.72%
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 decent APR per annum.