Loan calculator
Short-term loan calculator
See what a loan costs before you apply: the principal, the interest and the total pay amount.
Your estimate
- Principal Amount
- ₹20,000
- Interest AmountSimple interest on the principal
- ₹334
Estimate only. GST on the processing fee and your exact figures are shown in your Key Fact Statement before you accept.
How it's calculated
- Interest = amount × daily rate × days (our rate: 1.67% per month; a monthly rate ÷ 30, a yearly rate ÷ 365)
- Processing fee = amount × fee % (ours: 1%)
- Total pay amount = amount + interest + processing fee
- The APR is shown in your Key Fact Statement
Estimate · exact figures in your Key Fact Statement
Apply for your loan
Check your offer in 2 minutes.
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Loans by Salora Capital Limited, RBI-registered NBFC (CoR N-13.01855).
Tips
How to keep your loan cheap
Choose the shortest tenure
Match the due date to your salary date. Every extra day adds interest.
Borrow only the gap
If you have part of the money saved, borrow the difference.
Repay early
There's no prepayment charge, so closing early always saves interest.
Your salary, a little early.
Check your offer in 2 minutes. It’s free and won’t affect your credit score. Once your loan is disbursed, Salora Capital Limited reports it to the credit bureaus every month.
Loans by Salora Capital Limited, RBI-registered NBFC (CoR N-13.01855).