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Loan amount: from 2,000 to ₹ 30,000
Tenure: The shortest tenure is 70 days, the longest tenure is 180 days.
Interest Rate: The maximum interest rate is 35.28% per year depending on the risk profile of the customers.
Example: If the loan amount is ₹ 10,000 and the interest is 35.28% per annum with a tenure of 70 days; After deducting any other charges
Interest = 10,000 x 35.28% / 360x 70 = 686
Eligibility
1. Indian Resident.
2. 22-56 years old.
3. Source of a monthly income.
Documents requirements:
1.Adhar card
2.Pancard
3.Selfie Photo
4.6 Months bank statements
Calculation of interest:
If the loan amount is ₹ 3,000 and the interest is 35.28% per annum and tenure is 70 days; The repayment cycle is 14 days and if the loan is to be repaid in 5 installments, then the total interest payable is ₹ 41.46 only.

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