Example:- Borrow ₹1000 for 4 months, repay with 4 EMI - EMI Amount ₹280. Processing fee of INR50 will be taken from loan capital before disbursement. Total repayable ₹1120 (based on loan tenure of 4 months). Rate of interest - 36% per annum of outstanding capital. Representative 48% APR. Maximum APR - 48%.