Minimum loan amount - Rs 5,000 /-
Maximum loan amount - Rs 5,00,000 /-
Rate of interest 2.83% per Month.
Tenure: 91 days to 120 days.
APR: 33.6% per annum.
Late payment charges: 3.0% per month.
Admin fee Rs.500 to Rs.9000 depending on your loan amount.
Cheque bounce charges: Rs. 1000 / cheque bounce
No pre-closure charges
No prepayment charges
Amount Borrowed- Rs.10,000 (for 4 months) at 2.8% a month.
The repayment amount post 4 months is Rs.11,120.
The processing fee would be Rs. 1,000.
Therefore, the total repayment amount would be Rs. 12,120.
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