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Instant Personal Loan Sample Calculation

This is an example calculation for a loan

Loan Amount : ₹50,000 at Interest rate of 30% p.a
Loan Duration : 3 months
Total personal loan interest : ₹37,50
Processing fees (PF) + GST : ₹ 850 + ₹ 153 = ₹ 1,003
Total Deductibles : (PF + GST) - ₹ 1,003
In-Hand Amt : Loan Amt. - Total Deductibles = ₹ 50,000 – ₹ 1,003 = ₹ 48,997
Total repayable Amount : (Loan Amount + Interest) - ₹ 53,750
Monthly EMI Repayable : (Loan Amount + Interest / No of EMI’s) - ₹ 17,917
PF + GST are deducted upfront during the loan disbursal.
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Personal Loan Eligibility Crietria

The following criteria are followed by us for our instant loans online

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Loan Amount : ₹25,000 to ₹2,00,000
Interest Rate : Up to 36% per annum
APR : 36% Max
Age : 21 to 55 years
Late payment fee : as applicable ( Charged only, If repayment is delayed )
Processing Fee : Up to 10%
Loan tenure : 90 days to 365 days
Pre-closure charges : As applicable
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