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 |