Instant Personal loan Example:
-> Loan Amount: Rs.20,000
-> Tenure: 3 Months
-> APR: 72.7%
-> Equivalent Monthly Interest Rate: 2.5%
-> Processing Fee: Rs.899
-> GST: Rs.161
-> Interest: Rs.1510
-> EMI: Rs.7,170
-> Amount disbursed: Rs.18,940 (Rs.20,000-Rs.899-Rs.161)
-> Total repayment amount: Rs 21,510