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Calculation:
A sample loan calculation for ₹1,00,000 borrowed for 1 year, with interest rate @13% per annum*, is as provided below:
Processing fee (@ 2%) = ₹2,000 + GST = ₹2,360
Interest = ₹7,181
EMI = ₹8,932
Total amount to be repaid after a year = ₹1,10,129/-
*Interest Rate varies based on your risk profile The maximum Annual Interest Rate (APR) can go up to 36%

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