Interest Rates & Fees
Loan Processing Charges (Inclusive of Insurance)
4% 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.
Will be applicable in event of default by the borrower on actuals.
Charged on actual and will be collected at the time of PF collections.
Lender need to pay Non-refundable fee of Rs.1000/- per 1 lakh.