Example-1:Let’s assume you made a vendor payment of ₹1,00,000 on 7th January, 2023 using Kodo Pay on Credit. You will be charged an interest rate of 1.45% on your principal amount of ₹1,00,000 and your total amount due will be ₹1,01,546.67 in the next billing cycle i.e. on 8th February, 2023.

**Example-2:Let’s assume you made a vendor payment of ₹1,00,000 on 10th January, 2023 using Kodo Pay on Credit. You will be charged an interest rate of 1.7% p.m. on your principal amount of ₹1,00,000 and you can repay as per the following repayment schedule:Repayment ScheduleBPI (Broken period interest) = ₹1,643.33 due on February 8th 2023EMI #1 = ₹34,473.03 due on March 8th 2023EMI #2 = ₹34,473.03 due on April 8th 2023EMI #3 = ₹34,473.03 due on May 8th  2023

Details of Nodal Grievance Officer:Name: Deepti Sanghi Designation: DirectorAddress: 1108, 11th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra – 400013Phone Number: +91-9321024013Email ID: support@eightfinance.com