CredRight Finance, a RBI registered NBFC, provides loans to small businesses and self employed. We offer the below loan facility via our app: Loan Amount: Rs 1,00,000 to Rs 15,00,000 Minimum Annual Percentage Rate (APR): 18%, Maximum Annual Percentage Rate: 30% (reducing balance) Minimum repayment period: 12 months, Maximum repayment period: 120 months . Processing Fees: Max Up to 3% of loan amount exclusive of GST Prepayment Fees: Up to 6% on the outstanding principal. GST Extra. Late fee: In case of ECS/NACH/Cheque Bounce, you'll be charged Rs.500/- for each instance of ECS/NACH/Cheque Bounce. In addition, your bank may also levy charges in case of a ECS/NACH/Cheque Bounce. Sample Loan Calculation: Loan Amount: ₹4,00,000 Tenure: 36 months Interest Rate: 27% (on reducing principal balance interest calculation) Processing fees (PF) + GST = ₹ 12,000 + ₹ 2,160 = ₹ 14,160 Total Deductibles (PF + GST): ₹ 14,160 In-Hand Amount: Loan Amount - Total Deductibles = ₹ 4,00,000 – 14,160 = ₹ 3,85,840 Monthly EMI Repayable: ₹16,330 Total Amount Payable: ₹16,330 x 36 months = ₹5,87,880 Total Principal Payable = ₹4,00,000 Total Interest Payable: ₹1,87,880 Total Cost of the Loan = Interest Amount + Processing Fees = ₹1,87,880 + ₹14,160 = ₹2,02,040 CredRight Finance collects data to process loans, which shall include personal information, geo location,business data and financial data. We,at no time store or share your contacts, credentials, access or share your pictures apart from selfies and house & business pictures you share for verification.