Terms & Rates Overview

APR Determination

• The Annual Percentage Rate (APR) is set at a fixed rate for all applicants, structured around factors like credit score, loan amount, and income stability. A higher credit evaluation typically results in a more favorable APR.

APR Range

• The APR for loans ranges between 240% and 365% per annum, reflecting the high short-term cost of credit.

Cost Breakdown Example

• Loan amount (e.g., ₹50,000)
• APR (e.g., between 240% and 365%)
• Short repayment tenure (1-3 months)
• Processing fees and applicable GST deducted before disbursement, resulting in a lower net disbursal—around ₹45,000 to ₹46,000
• Estimated repayment schedule (e.g., ₹20,000 EMI * ~3 installments = ₹60,000 total), reflecting approximately ₹10,000 in interest advancesalary.in

Summary Table