A sample loan calculation for ₹1,00,000 borrowed for 1 year,
with interest rate @13% per annum*, is as provided below:
Processing
fee (@ 2%) = ₹2,000 + GST = ₹2,360
Interest = ₹7,181
EMI
= ₹8,932
Total amount to be repaid after a year = ₹1,10,129/-
*Interest Rate varies based on your risk profile
The
maximum Annual Interest Rate (APR) can go up to 36%