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Rates and Terms

These are the rates and terms charged by the lender for loans issued through our platform.

Loan Amount
1 000 – 4 000 INR
Loan Term
15 – 30 days
Interest Rate
2% per day (Annualized rate of interest 730%)
Processing Fee
20% of approved amount plus applicable GST

Late Payment Fee

A late payment fee may be charged for each day of default for a maximum of 30 calendar days after the due date.

Minimum Principal Outstanding
Maximum Principal Outstanding
Late Fee per Day
1 INR
5 000 INR
20 INR
5 001 INR
10 000 INR
40 INR
10 001 INR
15 000 INR
60 INR
15 001 INR
20 000 INR
80 INR
20 001 INR
25 000 INR
100 INR
25 001 INR
30 000 INR
120 INR

Additionally, please NOTE,

  1. Daily Interest Rate will only be charged during the term of the loan as agreed at the time of loan origination.
  2. Applicable Late Payment Fee will only be charged on the Principal Outstanding as of Loan repayment date.
  3. If the customer makes the payment on the due date or does not make the payment on the due date, necessary reporting of loan status will be done to all applicable Credit Bureaus as per the True status of the loan.
  4. Principal and Interest paid by the customer on the loan originated, is paid to Logix Corporate Solutions Private Limited
  5. Processing fee (plus applicable GST) paid on the loan by customer, is paid to Logix Corporate Solutions Private Limited
  6. Late Payment Fee (plus applicable GST) if applicable, paid on the loan by customer, is paid to Logix Corporate Solutions Private Limited