Skip to content

Home/What a gain1 loan

What a gain1 loan costs

Every charge that can ever apply to your loan is on this page. If a number is not listed here, we do not charge it.

Last updated [DATE] · Loans issued by [LENDER NAME], RBI registration [RBI REGISTRATION NUMBER]

The rate card

Every limit, every charge.

These are the limits every gain1 loan sits inside. Your own amount and rate are set when we assess your application. Both, and the tenure options you can choose between, are shown in full on the offer before you accept anything.

  • Interest
    1%per day, at most

    Charged only for the days you hold the money — up to 36% APR.

  • Processing fee
    10%of the loan, at most

    Taken once, before the money is sent.

  • GST
    18%on the fee only

    Never on the amount you borrow.

  • Paying early
    ₹0to clear it any day

    Interest stops the day your payment clears.

  • Late payment
    [LATE FEE]if a due date is missed

    Talk to us before the due date and we will work out what can be done.

  • Loan amount
    ₹5k–₹1Lunsecured

    From ₹5,000 up to ₹1,00,000. No collateral.

  • Tenure
    180days, at most

    You choose from the tenures on your offer.

A worked example

Where ₹50,000 goes over 90 days

Take a ₹50,000 loan over 90 days at the maximum processing fee and rate — the most it can cost. Your own offer will show your own figures.

  • 01

    Deducted before it reaches you

    The 10% fee and its 18% GST come off up front, so ₹44,100 lands from a ₹50,000 loan.

  • 02

    Interest by the day

    At up to 1% a day, you pay for the days you hold the money and no more.

  • 03

    Nothing else on top

    No account fee, no service charge, no prepayment penalty. Other charges on this loan: ₹0.

Worked example

Follow ₹50,000 through a 90-day loan

  1. You borrow₹50,000
  2. Processing fee, 10%− ₹5,000
  3. GST on the fee, 18%− ₹900
  4. Lands in your bank₹44,100
  5. Interest, 1% × 90 days+ ₹45,000

You repay on day 90

₹95,000

Shown at the maximum fee and rate. Your offer states your own figures before you accept anything.

What the tenure costs

The days you choose, priced.

The tenure you pick is the single biggest lever on what a loan costs. Every option we offer, on the same ₹50,000 loan:

Total interest on a ₹50,000 loan

At up to 1% per day, interest scales straight with the number of days you hold the loan. A longer tenure makes each repayment smaller and the total larger — that is the whole trade-off.

₹15,000
30 days
₹22,500
45 days
₹30,000
60 days
₹45,000
90 days
₹90,000
180 days

Interest only. The 10% processing fee and its 18% GST are deducted up front and do not change with tenure.

Paying off early

Clear it any day.
Pay ₹0 for doing so.

Settle the whole balance at any point in the tenure and we charge nothing for it. Interest stops on the day the payment clears, so clearing early genuinely costs you less. Partial prepayments are welcome too, and the balance updates the same day.

Ways to repay

If you miss a repayment

Talk to us
before the due date.

A late payment fee of [LATE FEE] applies, and the missed payment is reported to the credit bureaus, which affects your score. If you expect to miss a payment, contact support on [PHONE NUMBER] before the due date rather than after — there is more we can do beforehand.

Contact support
RelatedInterest rate policyFair practice codeTerms & conditionsRepay a loan

See your own numbers.

An eligibility check takes two minutes and shows the amount, tenure and total cost you personally qualify for.

Apply now