Fashion Rupee 1.0.4

For those concerned about establishing a financial safety net, Fashion Rupee presents a viable solution by offering personalized and efficient loan options, while maintaining a commitment to excellence and customer satisfaction.

Fashion Rupee collaborates with Jayachelve Financing And Leasing Private Limited, a reputable non-banking financial company (NBFC) that is registered and regulated by the Reserve Bank of India. It is important to note that Fashion Rupee serves as an intermediary, facilitating connections between NBFCs and users rather than providing loans directly. This arrangement ensures that clients receive services that are both safe and compliant with regulatory standards.

Loan Features:

• Loan amount range: ₹ 5,000 to ₹ 100,000
• Maximum annual interest rate (APR): 22%
• Handling fee: up to 1% of the loan amount, plus 18% GST
• Repayment period: 100 to 730 days

Loan Calculation Example:

For a loan amount of ₹20,000 with a term of 180 days and an APR of 20%, the calculation breakdown is as follows:

• Handling fee: ₹ 200 (1% of ₹ 20,000)
• GST: ₹ 36 (18% of handling fee)
• Interest: ₹ 1,972.6 (calculated as ₹ 20,000 * 20% * (180/365))
• Total loan cost: ₹ 2,208.6 (sum of handling fee, GST, and interest)
• Total repayment amount: ₹ 22,208.6 (principal plus loan cost)
• Monthly repayment: ₹ 3,701.4 (total repayment divided by the number of months)

Advantages of Choosing Fashion Rupee:

• Fully online application process
• Competitive funding amounts and interest rates
• Transparent and secure transaction processes
• Rigorous protection of customer information

Eligibility Criteria:

• Applicants must be Indian nationals
• Aged between 20 to 55 years old
• Must have a stable source of income

Contact Information:

If you have any inquiries or require further assistance, please reach out via email at [email protected].