How is the Daily EDI calculated for my lending?

Modified on Fri, 21 Nov at 11:21 AM

The Daily EDI (Equated Daily Instalment) is calculated based on the amount lent, interest rate, and tenure. The calculation also considers applicable fees such as facilitation and collection fees.

Particulars	Details
Lending Amount (Principal)	₹2,000
Interest Rate	25.8% p.a.
Tenure	12 months
Disbursal Date	1st October 2025
No. of. days the amount is lent	365
Facilitation Fee	2% of Principal (₹40)
Collection Fee	2% of Principal (₹40)
Interest Calculation	(2000 × 25.8 ÷ 100 × 365 ÷ 360) = ₹523.17
Total Receivable Amount after fee deduction	(2523.17 - 80) ₹2,443.17
Daily Receivable Amount (EDI)	₹2,443.17 ÷ 360 = ₹6.79 per day

Note: The formula used to calculate interest is

Interest Formula: Interest = Principal × Interest Rate × Number of Days ÷ 360

Disbursal Date: The date on which the lent amount is disbursed to the borrower. Please note that the lending amount and the disbursed amount may differ.

Closure Date: The date on which the loan is expected to be fully closed.

Fees (Facilitation Fee / Collection Fee): These fees are charged only on the principal amount that has been repaid.

Please note that the fees are calculated on the principal amount but are deducted gradually as the borrower’s repayments are received.

Disclaimer: Actual returns may vary based on loan performance. The figures provided are for illustrative purposes only and should not be treated as a guarantee.