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Loan Amount:
Loan Amount: Rs.10000 by Nidhi Company
Duration: 120 days
Repayment Frequency: Daily
EMI: 100 Daily
Nidhi Membership: 100
Processing Fees: 500
Interest: 15% per annum (reducing)
Origination Charges: 4.37% per month including GST
Bouncing Charges: 50
Late Fees: 10 per day
Foreclosure Charges: Nil
Elaboration
Loan 10000
Processing Fees 500
Borrower will get in Bank account 9500
EMI for 120 days 12000
Total of Nidhi Membership, PF, Interest & Origination charges, payable by Borrower 2600

Repayment Schedule