The interest will start accumulating once the loan is disbursed. Stilt loans have fixed interest rates and calculate interest based on a simple interest formula = Principal x Interest Rate x Time.
Articles in this section
- How do I apply for a loan with Stilt?
- Why does Stilt asks me to connect bank account as a part of the application?
- Should I wait to change my visa status before I apply for a loan with Stilt?
- Is it safe to connect my bank account when I am apply for a loan?
- How is the EMI amount decided?
- How will I receive my loan?
- How long does it take to receive the loan in my bank account after approval?
- What is considered verifiable income?
- What is the maximum loan amount?
- When does the interest start accumulating?