Representative example of the total cost of the loan, including all applicable fees

Here is an illustration of the total cost of the loan:

• Total amount borrowed: Rs. 100,000
• Time period: 12 months to 60 months
• Interest Rate: 10.99% to 22%
• Processing Fee payable to: Upto Rs. 2,000
• Fee payable to MyLoanCare: NIL
• Total Monthly Cost – From Rs. 2,174 for a months Rs. 100,000 loan at 10.99% (lowest rate, longest time period) to Rs. 9,359 for a 12 months Rs. 100,000 loan at 22% (highest rate, shortest time period). This is inclusive of principal repayment.
• Annual Percentage Rate (APR) of charge including all applicable fees: 11.39% to 22.4%
• Total cost payable over loan tenure: Rs. 14,313 for 12 months loan to Rs. 32,424 for 60 months loan