Interest Rate and APR Calculator

Interest Rates:

 

ProductMinimumMaximumMean
Working Capital Loans I-MCLR + 0.00% I-MCLR + 6.75% I-MCLR + 2.11%

 

Note:

  • The range of interest rates provided above is with respect to individual loans disbursed during Quarter-I FY 2020.
  • Mean rate = Sum of rate of all loan accounts / Number of all loan accounts

 

Annual Percentage Rate:

 

The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and processing fee.

To calculate the same, please click here to download the APR calculator.