Repay

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Repay Your Payable Loan Amount Through the Following Details:

Company Name:- R.K. Bansal Finance Limited

Bank Name :- IDBI BANK LIMITED

Account Number :– 0550102000024213

IFSC Code :- IBKL0000550

Branch Name - Karol Bagh, New Delhi

LOAN MODEL

  • Loan Amount: - 5,000 to 2,00,000
  • Interest Rate: - Up to 36% per annum
  • APR: 36% MA
  • Age: - 21 to 55 years
  • Pre-closure charges – As applicable
  • Late payment fee - as applicable (Charged only, if repayment is delayed)
  • Processing Fee: - Up to 5%
  • Loan tenure: - 90 days to 365 days

Sample Loan Calculation

  • Loan amount: ₹ 30,000 at interest rate of 30% p.a.
  • Loan Duration: 3 Months
  • Total personal loan interest = ₹ 2,250
  • Processing fees (PF) + GST = ₹ 500 + ₹ 90 = ₹ 590
  • Total Deductibles (PF + GST): ₹ 590
  • In-Hand Amount: Loan Amount - Total Deductibles = ₹ 30,000 - 590= ₹ 29,410
  • Total repayable Amount (Loan Amount + Interest): ₹ 32,250
  • Monthly EMI Repayable (Loan Amount + Interest / No of EMI's): ₹10,750
  • PF + GST are deducted upfront during the loan disbursal.
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