Rates & Terms

Interest/Fee
Upfront Processing Fee – To be deducted from approved amount 999
Loan Foreclosure/Pre-payment Charges 0%
Rate of Interest 0.082% per day
Service Fee 0.918% per day
Extension Fee 0.50% per day
Late Payment Penalty 10% per week

 

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

  • Approval fee (deducted at time of disbursement)
  • Late payment fee (if in overdue status)
  • Overdue interest (if in overdue status)
  • Extension fee (if extension availed)
  • Service fee
  • Interest
  • Principal