Loan Terms & Statutory Disclosures
Published in accordance with Google Ads Financial Services Policy
1. Tenure Terms
- Minimum Tenure: 12 Months. We do NOT provide or facilitate short-term loans requiring full repayment in 60 days or fewer.
- Maximum Tenure: 60 Months (Personal & Business Loans) and up to 240 Months (Home Loans).
2. Annual Percentage Rate (APR)
The Annual Percentage Rate (APR) reflects the total yearly cost of borrowing, comprising the base interest rate plus all applicable fees, documentation charges, and upfront administration charges.
| Loan Product | Min APR | Max APR | Processing Fee |
|---|---|---|---|
| Personal Loan | 10.5% p.a. | 26.0% p.a. | 1.5% - 3.0% + GST |
| Business Loan | 12.0% p.a. | 28.0% p.a. | 2.0% - 3.5% + GST |
| Home Loan | 8.5% p.a. | 13.5% p.a. | 0.5% - 1.0% + GST |
3. Representative Cost Example
Loan Amount Borrowed: ₹1,00,000
Loan Tenure: 12 Months
Interest Rate: 14.0% p.a. on reducing balance
Processing Fee (2%): ₹2,000
GST on Processing Fee (18%): ₹360
Total Processing Cost: ₹2,360
Monthly EMI: ₹8,979
Total Interest Payable over 12 months: ₹7,745
Total Repayment Amount: ₹1,07,745 (Principal + Interest)
Effective Total Cost of Loan: ₹1,10,105 (Including fees and GST)
4. Lending Entity Disclosures
Aapka Finance is a DSA partner for authorized lenders. We do not approve or issue loans directly. Final sanction letters, loan agreements, and sanction terms are issued solely by the respective bank/NBFC.