EMI Calculator
Calculate your monthly EMI and plan your loan repayment with our easy-to-use calculator
Calculate Your EMI
Loan Amount: ₹1,00,000
Interest Rate: 35%
Loan Tenure: 12 months
Your Loan Summary
Monthly EMI
₹9,996
Principal Amount
₹1,00,000
Total Interest
₹19,956
Total Amount
₹1,19,956
Note: Processing fee + GST will be deducted from the loan amount at disbursal.
Important Information
Everything you need to know before taking a loan
Eligibility Criteria
- Indian resident aged 21-55 years
- Salaried employee, business owner, or self-employed
- Minimum monthly income of ₹20,000
- Active savings bank account
- Decent CIBIL score
Required Documents
- PAN Card
- Aadhaar Card or other identity proof
- Bank statements (last 3 months)
- Salary slips (last 3 months)
- Residence proof (Passport, Driving License, Voter ID, Utility bills)
- Completely filled loan application form with photograph
Loan Details
- Loan Amount: ₹10,000 to ₹10,00,000
- Interest Rate: starting from 60%
- Monthly Interest Rate: starting from 5%
- Tenure: 3 to 36 months
- Processing Fee: upto 10% of loan amount
- GST on Processing Fee: 18% (inclusive)
Quick Disbursal
- Fast approval within 24-36 hours
- Loan disbursal within 30 minutes after approval
- Complete online process
- Minimal documentation required
- No collateral needed
Security & Privacy
- Bank-level encryption for data security
- RBI registered NBFC
- No sharing of personal information with third parties
- Secure and transparent process
- Compliance with all regulatory requirements
Repayment Options
- Flexible EMI options
- Auto-debit facility available
- No prepayment charges
- Multiple payment methods accepted
Things to Know
Essential information about loans and repayment
Understanding Your EMI
EMI (Equated Monthly Instalment) is the fixed amount you pay every month towards your loan. It includes both principal and interest components. As you progress through your loan tenure, the interest component decreases while the principal component increases.
Interest Rate Calculation
Our Annual Percentage Rate (APR) is 84%. This means the interest is calculated on a reducing balance basis, ensuring you pay interest only on the outstanding principal amount.
Processing Fee
A processing fee of upto 10% of the loan amount is charged, with 18% GST included. This fee is deducted from the loan amount at the time of disbursal. For example: , on a ₹50,000 loan, the processing fee @2% is ₹1,000, and GST is ₹180, so you receive ₹48,820.
Credit Score Impact
Taking a loan and repaying it on time can help improve your credit score. However, missing payments can negatively impact your credit score. Always ensure you can afford the EMI before taking a loan.
Prepayment & Foreclosure
You can prepay or foreclose your loan any time without any charges. Prepayment helps you save on interest.
Loan Purpose
Our loans can be used for various purposes including medical emergencies, home repairs, vehicle repairs, wedding expenses, education, or any other personal financial needs except for any illegal activities.
Ready to Apply?
Calculate your EMI, understand the terms, and apply for a loan that fits your needs