About Us
Cards
Features
Pay with Fi
Automate
Rewards
Borrow
Accounts
Salary Accounts
Scan QR to get the Fi app
About Us
Cards
Features
Pay with Fi
Automate
Rewards
Borrow
Accounts
Salary Accounts
Scan QR to get the Fi app
Frequently Asked Questions
Payments and EMI
What is the minimum monthly due?
The minimum monthly due is the minimum amount you need to repay every month.
It's calculated as only the interest due for the month and has no principal repayment component. If you pay only the minimum due every month, the principal component becomes due in the last month of your loan.
For example, you take a loan of ₹1,00,000 for 12 months at an interest rate of 10.5% p.a.
Your min. Monthly due will be ₹875 i.e. the monthly interest component.
Your recommended EMI will be around ₹8815 { ₹7940 (principal) + ₹875 (minimum monthly due)}
If you choose to pay only the min. monthly due of ₹875 for 11 months, you'll need to repay the entire principal of ₹1,00,000 in the 12th month.
Fi partners with the best to secure your money
ISO 27001:2013
Our partner bank hosts your Savings Account and follows all security standards per applicable regulations.
Your money is always safe with our banking partner - Federal Bank, is covered under the Deposit Insurance and Credit Guarantee Corporation Scheme. This insures your money up to ₹5 lakh.
Fi itself is not a bank and doesn’t hold or claim to have a banking license.
Scan QR to get the Fi app