The yearly cost of a loan including fees, not just the interest rate.
APR adds the processing fee and other charges to the interest, and expresses the total as a yearly rate. Two loans at the same interest rate can have quite different APRs.
RBI rules require lenders to show the APR in the Key Fact Statement before you sign, so you can compare loans on one number.
Short reads that explain how it works before you decide.
Personal LoansPersonal Loan True Cost: Flat vs Reducing Rate, Fees and APRTwo personal loans can quote rates that look close and cost very different amounts. Here is how flat and reducing rates differ, what the processing fee adds, and how to read the APR on the Key Fact Statement.Read the guide →
LoansWhat Is a Good CIBIL Score, and How to Raise ItYour CIBIL score runs from 300 to 900, and 750 or more opens most doors. Here is what moves it, what does not, and how to raise it step by step.Read the guide →Automatically organise your spending, track expenses and understand where your money goes.
