Rate and Terms
Smart Loans,
Smarter Terms
How do Our Rates and Fees Work?
The APR is the total cost of borrowing. It's the interest rate plus a small processing fee and other costs. It's usually lower than what you'd pay on a credit card. It's the actual cost of your loan that lets you compare loan offers from different lenders. We offer a fixed APR of 35% each year.
How is the annual percentage rate (APR) determined?
The Annual Percentage Rate (APR) is determined by considering factors such as credit score, loan amount, and income. A CIBIL score of good quality will lead to a lower APR, while a score of poor quality may lead to a higher APR. However, some lenders may apply a fixed APR to all their loans irrespective of credit score.
Representative Example
| Loan Amount | APR | Tenure | Processing Fee | GST on Processing Fee | Amount Disbursed | EMI | Total Repayment Amount | Total Interest |
|---|---|---|---|---|---|---|---|---|
| ₹ 50,000 | 35% | 12 Months | ₹ 1,000 | ₹ 180 | ₹ 48,820 | ₹ 4,998 | ₹ 59,978 | ₹ 9,978 |
Company Accreditation
We are registered under the name AVINASH CAPITAL MARKETS PRIVATE LIMITED, a registered NBFC (non-banking financial institution), approved by RBI.
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