Transparent and straightforward fee structure with no hidden charges
A withdrawal fee of 3% of the withdrawal amount is charged for each withdrawal due to payment processing needs.
Daily interest rate of 0.05% per day, equivalent to a maximum of 18.25% per year.
No fees are incurred if you don't withdraw or use the funds. Your credit limit remains available without charges.
A withdrawal fee of 3% of the withdrawal amount is charged for each withdrawal. This fee covers payment processing costs and is deducted from the withdrawal amount.
The daily interest rate is 0.05% per day, which is equivalent to a maximum of 18.25% per year. Interest is calculated daily and only charged when you use the credit limit.
If the loan is not repaid by the due date and you need to extend the period, extension fees of 0.05% per day apply for the extra days.
Summary: You receive 9,700 INR and repay 10,600 INR after 120 days. The total cost is 900 INR (300 withdrawal fee + 600 interest).
If you repay the amount early, the bill will be calculated based on the actual number of days the withdrawal was made. You only pay interest for the days you actually used the funds.
Interest is calculated daily. If you repay early, you save on interest costs. The withdrawal fee (3%) is a one-time charge and is not refundable.
There is no penalty for early repayment. You can repay your loan at any time before the due date without any additional charges.