CrediFiable uses its data driven proprietary credit model to issue loans to borrowers who are financially responsible, highly motivated and capable individuals.
|Interest Rate||Processing Fee||Tenure|
|10.99% - 17.50% per annum||2% of loan amount and applicable service tax||6-18 months|
|> 17.50% per annum||3% of loan amount and applicable service tax||6-18 months|
Mr A applies for a 2 Lakhs loan @ 12% per annum with a repayment period of 18 months. His processing fee will be INR 4,000 + Service Tax and his EMI will be INR 12,196.
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