Rates & Terms

Upfront Processing Fee – To be deducted from approved amount10% - 15% (including GST)
Service Charges3% - 28% (including GST)
Rate of Interest24% - 36% P.A.
Loan Foreclosure/Pre-payment Charges5%
Late Payment Fee4% / INR 550 per EMI
Overdue Interest24% - 36% P.A
Overdue Service Fees8.5% per missed EMI Instalment

In case of payment, repayment or partial repayment, amount repaid will be adjusted as per below hierarchy:

  • Processing Fee (deducted at time of disbursement)
  • Extension Fee (if extension availed)
  • Interest
  • Principal
  • Overdue Interest (if in overdue status)
  • Late Payment fee (if in overdue status)
  • Service Charges