Rates & Charges
Transparent loan pricing before you apply
Review loan amount, fee range, tenure, interest, APR, eligibility, and documents required for Cred Salary instant personal loan support.
Pricing details
Rates & Charges
APR explanation
How is APR determined?
APR is calculated by considering the loan amount, tenure, applicable interest, processing/admin fees, repayment schedule, and the total cost payable by the borrower over the loan period.
The APR shown to the customer is based on the final approved offer and applicable charges. Once the loan agreement is accepted, the APR remains fixed for that approved loan and does not change during the tenure unless the borrower chooses a revised loan offer or restructures the loan as per lender policy.
Customers should review APR along with EMI, total interest, fees, amount deposited, and total repayment amount before accepting any offer.
Example
Loan example table
| Tenure | 12 Months |
|---|---|
| Loan Amount | Rs. 1,00,000 |
| Interest Rate | 21.3% PA |
| Admin Fees | Rs. 4,000 |
| APR | 29.30% |
| Amount Deposited | Rs. 96,000 |
| EMI | Rs. 9,311 |
| Total Interest | Rs. 11,732 |
Eligibility Criteria
- Must be an Indian Citizen
- Age between 21-55 years
- Must be Salaried/Business Owner
- Monthly Income: Rs. 35,000+
- Credit Score: 650 or above
Required Documents
- PAN Card
- Aadhaar Card
- Salary Statement
- Recent Selfie