You invest ₹1,000 in a 2-month loan at 1% platform fee.
● EMI 1
EMI Received : ₹525
Principal Received : ₹500
Fee (1% of ₹500) : -₹5
● EMI 2
EMI Received: ₹525
Principal Received: ₹500
Fee (1% of ₹500): -₹5
Total Repayment: ₹1,050
Total Fee: -₹10
You get: ₹1,040
Fee % varies by tenure. Illustrative only.