OYE LOANS is a daily interest personal loan product, which means you only pay the interest for the number of days you hold the loan.
You can close the loan anytime with ZERO pre-closure charges.
Interest, Fee & Loan Example:
Loan example – Borrowing a short-term loan of Rs. 10,000 for a 12-month period at a 1.5% monthly interest rate will cost Rs. 1,002 in total interest & Rs. 354 as processing fee which is payable in Equated Monthly Instalments (EMI) of about INR 917.
Note: Total Interest amount will vary slightly based on your loan application ‘date’ since it’s a daily interest rate product.« Back to FAQs