Indirow is a leading loan arrangement platform for individuals and businesses, allowing them to apply to over 200+ Banks and NBFCs in India basis their profile and credit history. Users can see their free credit report from Experian and can choose to apply for various loan products including Personal Loans, Business Loans, Home Loans, Supply Chain Finance Loans, etc. from NBFC RULoans Financial Services Private Limited.
We have partnered with the leading NBFC RULoans Financial Services Private Limited to provide seamless service.
1. Minimum and maximum period for repayment
Minimum period of repayment - 12 Months
Maximum period of repayment - 60 Months
2. Maximum Annual Percentage Rate (APR) - 24%
3. Representative example of the total cost of the loan, including the principal and all applicable fees (for example, sample monthly payment, sample interest calculation).
Annual Interest Rate (Sample): 15%
Loan Amount(Sample): 100,000
Installment (Tenor): 12 months
Installment Per Month: 9,026
Total Amount to Repay: 109,026
PF is 1% to 2% average
For a Principle of 1 lakh rupees total Interest cost is Rs.8310 . and Fee cost is 1 to 2%.
4. Full loan repayment period is less than 60 days. Full loan repayment is greater than 60 days. The minimum period of repayment is 12 months
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