Loan calculator
Short-term loan calculator
See exactly what a loan costs before you apply: interest, processing fee, GST, the amount you'll receive, total repayment and APR.
How it's calculated
- Interest = amount × 1% × days
- Fee = amount × 10%, plus 18% GST on the fee
- You receive = amount − fee − GST
- You repay = amount + interest, in one payment
- APR = total cost ÷ amount received × 365 ÷ days
Same formula as your Key Fact Statement
Calculate your loan
Move the sliders. Every cost updates live.
₹10,000₹1,00,000
7 days40 days
- Interest (1%/day)
- ₹7,500
- Processing fee + GST
- ₹2,950
- You receive in bank
- ₹22,050
- Due date
- in 30 days
Total repayment₹32,500
APR 576.6% · Illustrative. Your Key Fact Statement is final.
Tips
How to keep your loan cheap
Choose the shortest tenure
Match the due date to your salary date. Every extra day adds interest.
Borrow only the gap
If you have part of the money saved, borrow the difference.
Repay early
There's no prepayment charge, so closing early always saves interest.
Your salary, a little early.
Check your offer in 2 minutes. Free, and no impact on your credit score.