Our loans
Loan products and charges
All loans are offered through Omozing, with Aparampaar Finance as the lender. You receive a Key Fact Statement showing the APR, all charges and the repayment schedule before you sign.
Personal loans
For salaried individuals. Unsecured, with simple documentation and fixed EMIs.
Business loans
Unsecured working capital for small businesses, assessed on GST records, performance and cash flow.
Debt consolidation
One loan and one EMI in place of several outstanding loans.
Key terms (personal loans)
| Term | Range |
|---|---|
| Loan amount | ₹10,000 – ₹25,00,000 |
| Tenure | 3 – 36 months |
| Interest rate | 15% – 39% a year, fixed, reducing balance |
| Processing fee | 3% – 7% of the loan amount + GST |
| Foreclosure charge | 4% – 6% + GST, decided case by case |
| Minimum credit score | 600+ |
The exact rate depends on your risk profile under our Interest Rate Policy. Charges for late payment and bounced mandates are in the Schedule of Charges.