Transparent pricing with no hidden charges
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.
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.
| Tenure | Loan Amount | Interest Rate | Admin Fees | APR | Amount Deposited | EMI | Total Interest |
|---|---|---|---|---|---|---|---|
| 12 Months | Rs. 1,00,000 | 2% | Rs. 1,000 | 24% | Rs. 99,000 | Rs. 9,456 | Rs. 13,472 |
We strictly comply with RBI guidelines and have instituted a robust Grievance Redressal Cell to address all types of complaints. Our approach to lending is responsible; we offer loans that you can easily repay and ensure our recovery practices are ethical.
We do not use any forceful or coercive recovery methods. If you have any concerns, we will handle them with utmost seriousness and resolve them within five working days.