Rate and Terms

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

A representative example

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.