CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Is your Credit Score >750?
APR (Annual Percentage Rate) is the genuine expense of the loan.
Responded by:Responded on25th May 2015
On the off chance that you take a loan of let’s say INR 1 lac and the bank includes a mandatory protection of 10K INR and handling charge of 2.5K INR, then your APR will be ascertained as the premium paid on 1.125 lac INR and not 1 lac INR. This figure is not typically promoted but rather needs to be looked at when you take a loan. If the credit is for 12%, yet APR is 17%, then the hidden costs add to 5% yearly! Only mandatory charges are added in evaluating APR.
Get loans starting from 11.25% interest rate
Know how to improve credit score
FREE credit analysis for 1 year
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.