Rates & charges
Loan rates & conditions
Every charge we levy is listed below and repeated in your Key Fact Statement (KFS). There is nothing else to pay.
| Particulars | Details |
|---|---|
| Loan amount | ₹5,000 – ₹5,00,000 |
| Tenure | 3 – 6 months |
| Rate of interest | 0.5% – 1% per day, based on your CIBIL score and existing liabilities |
| Processing fee | 5% – 10% of the loan amount (administrative charges) + applicable GST |
| Annual Percentage Rate (APR) | Annual Percentage Rate (APR) is disclosed in the Key Fact Statement before you accept the loan |
| Cooling-off / look-up period | 3 days from disbursement — exit by repaying principal and proportionate APR, with no penalty |
| Foreclosure / prepayment charges | Nil — no prepayment or early closure charges |
| Late payment (penal) charges | As specified in your Key Fact Statement |
| Cheque / NACH bounce charges | ₹1,000 per bounced cheque / NACH |
| Fees before disbursal | None — we never collect any amount before disbursement |
Representative example
For a loan of ₹50,000 for 6 months at 0.5% per day (15% per month on a reducing balance) with administrative charges of 5% + 18% GST (₹2,950), the monthly EMI is ₹13,212, total interest is ₹29,271, the net amount disbursed is ₹47,050 and the APR is approximately 207.6%. Actual figures depend on your credit profile and are disclosed in your KFS before you accept. View a sample Key Fact Statement →
Key conditions
- Interest is charged only on the outstanding principal for the actual days the loan is used.
- The loan amount is disbursed directly to your bank account; repayments go directly to Peristyle's account.
- No charge that is not mentioned in the KFS will be levied at any stage of the loan.
- Penal charges are not compounded and are not added to the rate of interest.
- Recovery is carried out by our in-house team or authorised agents who follow RBI's Fair Practices Code.
Documents required
- PAN and Aadhaar
- Bank statements for the last 3 months
- Latest 2 salary slips (for salaried applicants)
- Credit bureau report, pulled with your consent
Important: Submitting forged or falsified documents is a criminal offence under the Bharatiya Nyaya Sanhita, 2023 and may lead to prosecution.