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Flexi EMI
Loan benefits
What & Why ?
Flexi EMI has been designed for them who need loan for longer tenure with the flexible amount. It is quick line of credit with hassle free application with less documentation.
Flexi Loan benefits
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Making personal budgeting Easier
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Choose EMI debit Date as per comfort i.e 07 & 10 of every month
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Foreclosure Allowed *
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Paper less Application with less Documentation
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Instant Approval & Disbursal
| All Required Fields. |
Loan Benefits
Loan Model
Loan Criteria
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Loan Amount - 40,000 to 2,00,000
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Interest Rate - Up to 36% per annum
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APR - 36% MAX
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Age - 21 to 55 years
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Late payment fee - as applicable ( Charged only, If repayment is delayed )
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Processing Fee - Up to 5%
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Loan tenure - 90 days to 180 days
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Pre-closure charges – As applicable
Sample Loan Calculation
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Loan amount - ₹ 30,000 at interest rate of 30% p.a.
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Loan Duration - 3 Months
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Total personal loan interest = ₹ 2,250
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Processing fees (PF) + GST = ₹ 500 + ₹ 90 = ₹ 590
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Total Deductibles (PF + GST) - ₹ 590
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In-Hand Amount: Loan Amount - Total Deductibles = ₹ 30,000 - 590 = ₹ 29,410
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Total repayable Amount (Loan Amount + Interest) - ₹ 32,250
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Monthly EMI Repayable (Loan Amount + Interest / No of EMI’s) - ₹ 10,750
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PF + GST are deducted upfront during the loan disbursal.
