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Age from 18 years; The citizenship of India; Any credit history

• The minimum and maximum period for repayment is from 3 to 365 days.
• The maximum term is 365 days;
• The maximum annual percentage rate (APR), including interest rate plus fees and other costs for a year) is 31%, and the minimum is 3%.
• Annual percentage for using the loan - min 1%, max 31%.

If the creditor does not pay the loan amount and interest for the use of the loan to the credit organization within the stipulated period, the credit organization charges a penalty for late payment of the loan. Usually, credit organizations provide an additional 3 working days so that the creditor can make the next payment, or pay the loan amount in full, in case of an unforeseen delay related to the non-cash transfer of funds. If the credit organization does not receive the payment specified in the contract on time, it contacts the creditor and reminds of the consequences of non-payment. If it is not possible to contact the creditor for a long time and loan payments are not received, the credit organization will charge a monetary penalty, the amount of which is usually equal to 0.1% of the loan amount,

If you took a loan in the amount of 1,000 ₹ for 90 days with an interest rate of 0.01% per day, then the fee for using the facilities will be 0.01% per day, i.e. 0.1 ₹ per day. It turns out that you return the amount of interest equal to ₹ 9, that is, ₹ 0.1 * 90 days. As well as the loan amount equal to ₹ 1,000. Thus, the total refund consists of the loan amount of 1,000 and the amount of accrued interest for 90 days. 9 ₹ and is equal to 1090 ₹. The minimum and maximum debt repayment period is from 65 days to 365 days. The maximum annual interest rate, which includes the loan interest, as well as all other commissions and costs for the year, or a similar rate calculated in accordance with local legislation, is 31% per annum.