Unsecured funding for weddings, medical costs, home repair, travel or consolidating existing dues.

Age

21 years at application, up to 60 years at loan maturity

Employment

Salaried, self-employed professional or business owner

Minimum income

₹20,000 net monthly (₹15,000 in tier-3 locations)

Work stability

6 months in current job, or 2 years in business

Credit score

685 and above preferred; thin-file options available

Residency

Resident Indian with a verifiable current address

• Interest is charged as a flat rate on the full sanctioned amount for the entire tenure, so your total interest is fixed and known before you sign.
• The total repayable amount is divided into equal monthly instalments. The instalment does not change during the tenure.
• Instalments are collected by NACH e-mandate or standing instruction from your bank account on a fixed date each month.
• The first instalment date, the full repayment schedule and the total amount payable are stated in the loan agreement before you accept it.
• Because interest is charged upfront on the full amount, prepaying early does not reduce the interest already levied unless the lender explicitly offers a rebate. Check the rebate terms in your agreement before prepaying.
• Missing an instalment attracts penal charges and is reported to credit bureaus, which lowers your credit score.

Loan amount

₹3,00,000

Interest rate

9.5% p.a.

Tenure

24 months

Monthly instalment

₹13,688

Total interest

₹28,500

Processing fee + GST

₹7,080

Net amount credited

₹2,92,920

Total repayable

₹3,28,500

Equivalent APR

≈ 8.9% p.a.

APR including fees

≈ 11.3% p.a.

The applicable interest rate, APR, processing fees, total repayment amount and other applicable charges will be clearly disclosed to you before acceptance of the loan agreement. Final approval and pricing are subject to eligibility and the applicable lender's policies.