Representative example (प्रतिनिधि उदाहरण)
A representative example is a standardised, worked illustration of a typical loan — amount, tenure, rate, fees, APR and total repayment — that platforms must show so borrowers see the real cost, not just a headline rate. Google Play requires personal-loan apps to publish one, and it should mirror what the lender's KFS later confirms.
Worked example
Illustration: loan ₹20,000, tenure 6 months, interest 24% a year (reducing), processing fee ₹590 incl GST → EMI ≈ ₹3,571, total repayment ≈ ₹21,423, total cost of credit ≈ ₹2,013, APR ≈ 36%. Any real offer's numbers come from that lender's KFS, not from the illustration.