All about of adhar loan
This application is designed to provide information about How to take loan using your Adhar.
Fees
For ₹1,00,000 borrowed for 1 year, with interest rate @13% per annum*, a user would pay:
-> Processing fee (@ 1%) = ₹1,000 + GST = ₹1,360
-> Minimum and maximum period for repayment: 91 - 180 days
-> (Line setup fee of ₹499+GST = ₹588/- to be paid before starting the credit line)
-> Interest = ₹7,181
-> EMI = ₹8,932
Total amount to be repaid after a year = ₹1,10,129/-
*Interest Rate varies based on your risk profile
The maximum Annual Interest Rate can go up to 36% (However, only a fraction of our customers get an interest rate higher than 30% per annum)
This application is designed to provide information about How to take loan using your Adhar.