Briezi Partner

Name: Briezi Partner
Availability: InStock
Author: Briezi Insuretech Private Limited

Briezi Insuretech Private Limited

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About this app

* Manage all your customers and policies digitally
* Retain customers by providing premium finance, policy assignment
* Help customers to get loans on insurance
* Earn extra income and get processed leads to meet your monthly sales target
* Automated renewal reminders and CRM features for managing your customers

Here’s an example of how a loan against insurance work
• Minimum Tenure - 6 Months
• Maximum Tenure - 36 Months
• Loan amount: ₹ 50,000
• Processing fee (2% of loan amount * 18% GST) : ₹ 590
• Total Loan amount: ₹ 50,590
• Interest: 12% p.a. (on reducing principal balance interest calculation)
• Tenure: 12 months
• Your EMI: ₹ 4,495
• Total Amount to be paid: ₹ 4,495 x 12 = ₹ 53,940
• Total interest paid: ₹ 53,940 - ₹ 50,590 = ₹ 3,350
• Total cost of loan: ₹ 3,350 + ₹ 590 = ₹ 3,940
• APR (Annual Percentage Rate): 14.2%

Our Partner NBFCs
• Radiant Equity Management Pvt Ltd

Updated on

Aug 31, 2024

Data safety

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