Line of Credit Interest & Fee Structure
| Limit |
₹ 8,000 - ₹ 3,00,000 |
| Interest Rate |
Up to 36.5% |
| Conditional Interest on Continued Line Usage |
Up to 21% |
| Annual Percentage Rate (APR) |
49% - 65% |
| Tenure |
36 Months |
| Processing Fee |
₹ 100 - ₹ 3,000 |
| Transaction Fee |
₹ 0 - ₹ 12 |
| Late Fee |
Up to ₹ 150 |
| Auto-Debit Failure Charges |
₹ 0.00 |
| Pre - Payment Penalty |
₹ 0.00 |
Line of Credit Payment Example*
| Approved Loan Amount |
₹ 60,000 |
| Processing Fee |
₹ 3,000 |
| Tenure (Months) |
36 |
| Interest Rate |
32.0% |
| Conditional Interest on Continued Line Usage |
18% |
| Total Transaction Fee |
₹ 72 |
| Total Interest & Conditional Interest Charged |
₹ 38,501 |
| Annual Percentage Rate (APR) |
54.96% |
| Total Repayment Amount |
₹ 1,01,573 |
Instalment Loan Interest & Fee Structure
| Limit |
₹ 5,300 - ₹ 3,00,000 |
| Interest Rate |
34% - 42% |
| Annual Percentage Rate (APR) |
39% - 65% |
| Tenure |
6 - 12 Months |
| Processing Fee |
₹ 100 - ₹ 3000 |
| Transaction Fee |
₹ 0.00 |
| Late Fee |
Up to ₹ 150 |
| Auto Debit Failure Fee |
₹ 60.00 |
| Pre - Payment Penalty |
₹ 0.00 |
Instalment Loan Payment Example*
| Approved Loan Amount |
₹ 1,00,000 |
| Processing Fee |
₹ 3,000 |
| Interest Rate |
39% |
| Tenure |
9 |
| EMI Amount |
₹ 12,994 |
| Annual Percentage Rate (APR) |
46.94% |
| Total Interest Paid |
₹ 16,942 |
| Total Repayment Amount |
₹ 1,16,942 |