Kredit Loan Guide - Kred Guide is a guide app for market leader in facilitating on-demand, instant, loans to salaried individuals & self-employed individuals in a 100% paperless and contactless environment by using this Pancard loan guide its proprietary algorithm powered by SMART (Science, Machine Intelligence, Art, Robotics & Advanced Technologies).

Kredit Loan Guide - Kred Guide app does not provide any loan

Loan amount: ₹10,000 to ₹20,00,000
Interest rates: 9.99% to 36% per annum
Tenure: 3 to 72 months
Processing fees: 2.5% to 6% (Min ₹1,499+GST and Max ₹7,499+GST)

Example
Loan Amount: ₹50,000
Tenure: 12 months
Interest Rate: 22% (on reducing principal balance interest calculation)
EMI: ₹4,680
Total Interest Payable: ₹4,680 x 12 months - ₹50,000 Principal = ₹6,160
Processing Fees (incl. GST): ₹1,475
Disbursed Amount: ₹50,000 - ₹1,475 = ₹48,525
Total Amount Payable: ₹4,680 x 12 months = ₹56,160
Total Cost of the Loan = Interest Amount + Processing Fees = ₹6,160 + ₹1,475 = ₹7,635