Rates & fees
Every charge, before you sign.
Rate card
The limits we work within.
| Loan amount | ₹30,000 – ₹2,00,000 |
|---|---|
| Tenure | 90 – 180 days |
| Repayment | Monthly instalments |
| Interest rate | 12% – 36% a year |
| Processing fee | Up to 10% of loan |
| GST on processing fee | 18% |
| Pre-closure charges | As applicable |
| Late payment fee | As applicable |
| Cooling-off period | [set by lender] |
Charges marked “as applicable” are stated in your Key Fact Statement and loan agreement before you accept.
Calculator
Try your own numbers.
Repaid in 3 monthly instalments.
Your sanctioned rate and fee depend on the credit assessment. Rates range from 12% to 36% a year, and the fee is capped at 10% of the loan, plus GST.
Where your money goes
- Credited to you
- Fee + GST
- Interest
- Loan amount
- ₹30,000
- Processing fee
- − ₹500
- GST on fee (18%)
- − ₹90
- In-hand amount
- ₹29,410
- Interest (30% a year, 90 days)
- + ₹2,250
- Total repayable
- ₹32,250
- Annual Percentage Rate
- 57.1%
First EMI due 30 days after disbursal if disbursed today. Fee and GST are deducted upfront from the amount disbursed. All figures are an illustration. Your actual terms appear in your Key Fact Statement before you accept.
AgrimLoan is a brand owned and operated by Skyrise Credit & Marketing Limited, a non-banking financial company registered with the Reserve Bank of India (registration no. B-14.02284).
Worked example
₹30,000 for 90 days.
At 30% a year with a ₹500 processing fee. Interest is simple, on a 360-day year. The fee and GST are deducted when the loan is disbursed.
- Credited to you
- Fee + GST
- Interest
- Loan amount
- ₹30,000
- Processing fee
- − ₹500
- GST on fee (18%)
- − ₹90
- In-hand amount
- ₹29,410
- Interest (30% a year × 90 days)
- + ₹2,250
- Total repayable
- ₹32,250
- Annual Percentage Rate
- 57.1%
- Monthly EMI × 3
- ₹10,750
How your rate is set
12% to 36% a year.
Rates follow the lender's Interest Rate Policy: a base rate plus a markup of 200 to 1,300 basis points, depending on your risk profile.
- Whether the loan is secured or unsecured, and its tenure
- Your profile: stability of income and employment, repayment track record and credit reports
- Credit and default risk across the loan portfolio
- The lender's cost of funds, administrative costs and margin
- Two people borrowing the same product for the same tenure may be offered different rates. Your annualised rate, EMI and all charges are confirmed at sanction.
If you pay late
What happens after a missed EMI.
Talk to us before the date if you can't pay. We would rather agree a plan than add charges.
Late payment fee
Charged as stated in your loan agreement, where any penal interest is printed in bold.
Other charges
Additional interest on delayed payments and cheque or mandate bounce charges are listed in your sanction letter and loan agreement.
Credit reporting
Missed EMIs are reported to the credit bureaus and can lower your credit score.
Recovery
Recovery follows the Fair Practices Code: no calls at odd hours, no harassment and no use of force.