Rates & Terms

Interest/Fee
Upfront Processing Fee – To be deducted from approved amount starting from 400 + GST
Origination Fee 9.3% + GST
Loan Foreclosure/Pre-payment Charges 0%
Rate of Interest 0.20% per day
Collection Fee 0.43% 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)
  • Collection Fee