Your instalment
- Principal amount₹0
- Total interest₹0
- Total payable₹0
Figures are indicative and calculated on a reducing-balance basis. Processing fees, insurance or other applicable charges are not included. Your actual rate, instalment and schedule are confirmed in the sanction letter after approval.
Please read: This calculator is provided for your convenience only. The interest rate slider is not a rate offer — your actual rate, processing fee, instalment amount and repayment schedule are determined after assessment and are stated in your sanction letter. Nothing on this page is a commitment to lend.
How the instalment is worked out
The calculator uses the standard reducing-balance formula. Each instalment you pay covers the interest for that period first, and the rest goes towards reducing your principal. As the principal falls, so does the interest portion — which is why paying regularly, and paying early where possible, saves you money.
Weekly vs monthly — which is better for you?
| Point to compare | Weekly repayment | Monthly repayment |
|---|---|---|
| Best suited to | Daily earners — shops, vendors, service workers | Salaried or monthly-income households |
| Instalment size | Small — easier to arrange from daily cash | Larger single payment each month |
| Collection | Fixed day every week, usually at your shop | Fixed date every month |
| Discipline needed | Frequent but light | Less frequent but heavier |
| Typical tenure | 25–50 weeks | 12–24 months |
Three things worth checking before you borrow
- Can your business really pay this instalment? A good rule of thumb is to keep total loan instalments below half of your regular surplus income.
- Are you counting all the costs? Ask for the processing fee, insurance charge (if any) and the total amount payable — not just the instalment.
- Is the loan going into income-generating use? Borrowing for stock, tools or equipment pays for itself. Borrowing for consumption rarely does.