FlexPay Interest Rate and Tenure

Instalment Loan Interest & Fee Structure
Limit Upto ₹3,00,000
Interest Rate 18% - 42%
Conditional Interest on Continued Line Usage NA
Annual Percentage Rate (APR) 23% - 53%
Tenure 6 - 12 Months
Processing Fee Upto ₹3,000
Transaction Fee NA
Late Fee Upto ₹150 per instance
Auto Debit Failure Fee ₹60 per instance
Pre - Payment Penalty ₹0.00
Instalment Loan Payment Example
Approved Loan Amount ₹ 1,00,000
Processing Fee ₹ 3,000
Interest Rate 39%
Tenure 9
EMI Amount ₹ 12,994
Annual Percentage Rate (APR) 46.94%
Total Interest Paid ₹ 16,942
Total Repayment Amount ₹ 1,16,942
Flexible Term Loan Interest & Fee Structure
Limit Upto ₹3,00,000
Interest Rate 18% - 36.5%
Conditional Interest on Continued Line Usage 0% - 15%
Annual Percentage Rate (APR) 30% - 60%
Tenure Upto 36 Months
Processing Fee Upto ₹3,000
Transaction Fee Upto ₹12
Late Fee ₹0.00
Auto-Debit Failure Charges ₹0.00
Pre - Payment Penalty ₹0.00
Flexible Term Loan Payment Example
Approved Loan Amount ₹ 61,900
Processing Fee ₹ 3,000
Tenure (Months) 36
Interest Rate 35.0%
Conditional Interest on Continued Line Usage 15%
Total Transaction Fee ₹ 72
Total Interest & Conditional Interest Charged ₹ 40,069
Annual Percentage Rate (APR) 54.82%
Total Repayment Amount ₹ 1,05,041