Interest Rates & Fees

Borrower
Registration Fees ₹ 500/- (Non-Refundable).
Loan Processing Charges (Inclusive of Insurance) 3.5% of Loan Amount (Chargeable at The Time of Disbursement).
Prepayment Charges i-NIL Subject to following conditions and on % on principal outstanding amount as given in the table 2% - if 1 yr. loan tenure is pre-paid in 3months.
3% - if 2yr. loan tenure is pre-paid in 6 months.
3% - if 3yr. loan tenure is pre-paid in 6 months.
Late Payment Charges 24% of overdue amount subject to minimum amount of ₹ 100/-.
Repayment Instruction Swap Charges Change in Mode of payment ₹ 500/- for every such instance.
Charges for Cheque/ECS/SI/NACH Bounces ₹ 250/- charges will be levied on each bounce.
Documentation Charges NIL
Legal/Collection Charges Will be applicable in event of default by the borrower on actuals.
Stamp Duty Charged on actual and will be collected at the time of PF collections.


Lender
Registration Fee Lender need to pay Non-refundable fee of Rs.1000/- per 1 lakh.