Work out what your loan will cost
Move the sliders to see your monthly EMI, the total interest, every fee, and the amount that actually reaches your bank account. All figures use our fixed rate of interest of 35% per annum, a processing fee of 2% of the loan amount and 18% GST on that fee — the same terms published on our rates and terms page.
- Principal₹50,000
- Total interest₹9,978
- Processing fee (2%)₹1,000
- GST on processing fee (18%)₹180
- Amount credited to your bank₹48,820
- APR (including all fees)39.82% p.a.
- Total you repay₹59,978
This calculator is for illustration only. It assumes the fixed 35% per annum rate of interest and a processing fee of 2% of the loan amount plus 18% GST, repaid in equal monthly instalments. Your actual amount, rate, fee and eligibility are confirmed only after credit assessment, and the binding figures are the ones set out in your Key Fact Statement and loan agreement.
How the calculation works
Your EMI is the equal monthly instalment that repays the loan in full over the period you choose, using the standard reducing-balance formula:
EMI = P × r × (1+r)n ÷ ((1+r)n − 1)
- P — the loan amount (principal).
- r — the monthly rate of interest, i.e. 35% ÷ 12 = 2.9167%.
- n — the repayment period in months.
The APR shown is higher than 35% because it also accounts for the processing fee and GST, which are deducted up front: you repay interest on the full loan amount while receiving slightly less than that into your account. It is calculated as the annualised internal rate of return on the amount actually disbursed against your schedule of EMIs.
What you can borrow
We do not offer loans that require full repayment in less than 61 days.
Before you apply
- Borrow only what you can comfortably repay out of your monthly income.
- Check the total repayment figure, not just the EMI — a longer period means a smaller EMI but more interest overall.
- There are no prepayment charges, so repaying early always reduces what you pay.
- Missing a repayment will adversely affect your credit score.