How is APR determined?
Annual percentage rate (APR) is determined based on your credit score, the amount you wish to borrow and
your steady income. Generally, a good CIBIL score calls for a low APR while a poor CIBIL score means high
APR. But we have a fixed APR which is the same for all.
Working of Our Rates & Fees
APR reflects the true cost of borrowing money. It includes the annual interest rate, a nominal processing
fee and other miscellaneous expenses. APR is usually lower than your credit card interest rate. APR is the
actual annual cost of your loan that helps you compare various loan offers from different lenders. We have
a fixed APR @ 33.6% per annum.