iVayonline is an app that provides online personal credit loans, with loan amounts ranging from ₹ 2000 to ₹ 20000; Users can apply online through the APP, fill in basic information, select the loan amount and loan term you need, and apply for a loan. The funds can be received within 15 minutes at the earliest;
loan product:
Loan amount: ₹2,000 to ₹20,000
Loan term: 91 days to 365 days
Maximum Annual Interest Rate (APR): 24% per year
GST: 18%
Example:
Loan amount: ₹8,000
Loan term: 6 months
Loan interest rate: 18%
Interest payable: ₹720
GST: ₹129.6
Payment amount: ₹ 8,000- ₹ 129.6=₹ 7,870.4
Repayment amount: ₹8,720;