LoanBuddha : Loan & Insurance

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Loan Repayment Details:
Loan Tenure: Minimum 1 year, Maximum 5 years
Maximum Annual Percentage Rate (APR): 24% per annum
Representative Example:
For a loan amount of ₹100,000 over a 12-month period:

Loan Amount: ₹100,000
Tenure: 12 months
Annual Interest Rate (APR): 24%
Processing Fee: 2% of loan amount (₹2,000)
EMI: ₹9,456 per month
Total Repayment Amount: ₹115,472
Total Interest Payable: ₹13,472
This example is provided to help you understand the total cost of the loan, including principal, interest, and fees, based on the representative loan terms.