Broken Period Interest (BPI) is an interest amount applied from the day you open a loan account to its first interest demand date. This amount — deducted upfront during loan disbursal — changes based on the date your loan gets processed.

For the math geeks, here's an explainer:
Loan amount: ₹1,00,000
Interest rate: 14.5%
Loan availed on: 3rd Nov, 2023
First interest demand date: 5th Nov, 2023
Days applicable for Broken Period Interest: 5th Nov - 3rd Nov = 2 days
BPI: 100000 x 14.5 x (2/36500) = ₹79.45

related faq’s

How is my EMI date established?

What is the Cooling-off or Look-up period?

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