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Omozing Answers › Loans and EMIs
Written by the Omozing Credit Team · Figures calculated with the standard reducing-balance EMI formula · Updated October 2026
| Interest rate (a year) | 6 months | 12 months | 24 months |
|---|---|---|---|
| 11% | ₹17,205 | ₹8,838 | ₹4,661 |
| 14% | ₹17,354 | ₹8,979 | ₹4,801 |
| 18% | ₹17,553 | ₹9,168 | ₹4,992 |
| 22% | ₹17,752 | ₹9,359 | ₹5,188 |
Rates shown are examples to show how rate and tenure change your EMI. They are not an offer. Omozing’s rates start from 11% a year; your rate depends on your credit assessment.
| Interest rate | 6 months | 12 months | 24 months |
|---|---|---|---|
| 11% | ₹3,233 | ₹6,058 | ₹11,859 |
| 14% | ₹4,123 | ₹7,745 | ₹15,231 |
| 18% | ₹5,315 | ₹10,016 | ₹19,818 |
| 22% | ₹6,514 | ₹12,313 | ₹24,508 |
On a small loan the rate matters less than you might expect: at 12 months, the gap between 11% and 14% is about ₹141 a month. The tenure matters more. Moving from 24 months to 12 at 11% saves ₹5,801 in interest; moving from 12 to 6 saves another ₹2,825.
The processing fee is charged once, whatever the tenure. At Omozing it is 3%–7% plus GST. On ₹1 lakh, a 3% fee is ₹3,000 plus ₹540 GST, so about ₹96,460 reaches your account; at 7% the fee is ₹7,000 plus ₹1,260 GST and you would receive about ₹91,740. Over 6 months, ₹3,540 in fees is more than the ₹3,233 of interest, which is why the APR, the yearly cost including fees, can be far above the headline rate on a short loan.
Illustrative: assumes an 11% rate, a 3% fee plus 18% GST deducted at disbursal and no other charges. APR is approximate, worked out from the amount received and the EMIs paid. Your actual APR is in the Key Fact Statement.
Many lenders cap FOIR, the share of take-home going on all EMIs, at around 50%. With no other loans, all three tenures fit a ₹40,000 salary. Add ₹8,000 of existing EMIs and the 6-month option takes you to about 63%, while 12 months stays near 42%. How FOIR works. If ₹1 lakh is meant to clear several app loans, our SmartSwitch page explains how one EMI can replace them; for a bigger amount, see the ₹2 lakh EMI grid.
Salaried with a take-home of ₹40,000 or more and a score from 600? Rates start from 11% a year, with 3–36 month tenures and two documents.
Borrow or save first?: Compare borrowing now, saving first, or saving a few months and borrowing only the gap.
At 11% a year it is about ₹8,838 a month; at 14% about ₹8,979; at 18% about ₹9,168.
At 11% a year it is about ₹4,661 a month for 24 months; at 14% about ₹4,801.
At 11% a year it is about ₹17,205 a month, with total interest of about ₹3,233.
The processing fee and GST are usually deducted first. With a 3% fee plus GST you would receive about ₹96,460; with 7% plus GST, about ₹91,740.
At Omozing the minimum take-home is ₹40,000 a month. On that salary with no other EMIs, a 12-month EMI of about ₹8,838 uses around 22% of your income.
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Omozing is the digital lending brand of Aparampaar Finance Private Limited, an RBI-registered non-deposit-taking NBFC. Loans are subject to credit assessment. See our regulatory disclosures and grievance redressal process.