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What is OYE Loans interest rate?

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:

  • Interest rates ranging from 1.5% to 2.5% per month (Annual Interest Rate from 18% to 30%)
  • Tenure – 12 months (fixed) with zero pre-closure & pre-payment charges
  • Processing Fee of 3% + 0.54% (GST)

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.

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