Sr. No. |
Parameter |
Details (Given For Illustrative Computation Purposes Only) |
(I) |
Loan Amount |
Total Amount Sanctioned |
(II) |
Total Interest Charge During The Entire Tenure Of The Loan |
Upto 1% Per Day |
(III) |
Processing Fee (Including GST) |
8-10% Of The Loan Amount |
(IV) |
Insurance Charges, If Any (In Rupees) |
Applicable If Required |
(V) |
Foreclosure Charges |
Upto 5% of Principal Outstanding + GST (Excluding Payday Loan) |
(VI) |
Net Disbursed Amount |
((I)-(III)) (In Rupees) |
(VII) |
Total Amount To Be Paid By The Borrower |
Sum Of (I), (II) And (III) (In Rupees) |
(VIII) |
Annual Percentage Rate - Effective Annualized Interest Rate (In Percentage)
(Considering The ROI Of 1% Per Day)
|
16% to 365% |
(IX) |
Tenure Of The Loan (Days) |
No. Of Days The Loan Is Availed |
(X) |
Repayment Frequency By The Borrower |
One to Three Time Only |
(XI) |
Number Of Installments Of Repayment |
1 to 3 |
(XII) |
Amount Of Each Installment Of Repayment (In Rupees) |
(VII) + Applicable Interest |
Details About Contingent Charges |
(XIII) |
Rate Of Annualized Penal Charges In Case Of Delayed Payments (If Any) |
Upto 3% Per Month |
Other Disclosures |
(XV) |
Cooling Off/Look-Up Period During Which Borrower Shall Not Be Charged Any Penalty On Prepayment Of Loan |
3 Day |
(XVI) |
Name, Designation, Address And Phone Number Of Nodal Grievance
Redressal Officer Designated Specifically To Deal With FinTech/ Digital Lending Related Complaints/ Issues
|
Nishant Kumar Ojha,
1710, 17th Floor, WTT, Sector 16, Noida 201301
Contact: 8800750038
|