Hipocket

Total interest: 5,000*20%*91/365=249
Service fee: 5,000*10%=500
In-hand amount: loan amount – service fee=5,000-500=4,500
Total repayment amount at due date: loan amount + total interest=5,000+249= 5,249
Monthly payment is: 5,249/3 =1749.7

Representative example of cost of the loan
Loan amount: ₹5,000
Tenure: 91 days(3 months)
Annual interest rate(APR) : 20%
Service fee: 10%