Rates & Terms

Upfront Processing Fee – To be deducted from approved amount 5% (including GST)
Origination Fee 8% (including GST)
Account Managment Fee 3% (including GST)
Loan Foreclosure/Pre-payment Charges 0%
Rate of Interest 0.10% per day (36% annualized)
Collection Fee Starting from 0.1% (including GST) per day
Extension Fee 0.42% per day + GST
Late Payment Penalty 3.39% per week + GST


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

  • Approval Fee ( deducted at time of disbursement)
  • Origination 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)
  • Account Managment Fee
  • Collection Fee