Rates & Terms

Description Interest/Fee
Upfront Processing Fee – To be deducted from approved amount 5% (including GST)
  
Online Secure Fee / Origination Fee 6% / 8% (including GST)
  
Account Managment Fee 3% / 7% (including GST) per EMI Instalment
  
Loan Foreclosure/Pre-payment Charges 5%
  
Rate of Interest (36% / 48%) P.A
  
Collection Fee Starting from 0.1% (including GST) per day
  
Extension Fee 0.42% per day + GST
  
Late Payment Fee INR 550 per EMI / 3.39% per week + GST
  
Overdue Interest (36% / 48%) P.A
  
Overdue Service Fees 8.5% per missed EMI Instalment

 

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