Fees & Interest Rates

Types of Fees Charges Applicable
Interest Rates 8.65%* onwards
Processing Fees Up to 6% of the Loan amount
Loan Statement Charges Nil
Interest and Principal Statement Charges Nil
Penal Interest 2% pm
Part-Prepayment Charges* Nil
EMI Bounce Charges* 3000 per bounce

*Applicable following 1st EMI clearance. 

FORECLOSURE CHARGES & PRE-PAYMENT CHARGES 

 

Floating Rate Loans: If all Borrowers and Co-Borrowers are Individuals 

Borrower Type: Interest Type Term Loan Flexi Term Loan Flexi Hybrid Loan
Time Period (Months) >1 >1 >1
Foreclosure Charges Nil Nil Nil
Part Payment Charges Nil Nil Nil

 

Floating Rate Loans: If any Borrower or Co-Borrower is a Non-Individual

Fixed Rate Loans: All Borrowers (including individuals)

Term Loan Flexi Term Loan Flexi Hybrid Loan
Time Period (Months) >1 >1 >1
Foreclosure Charges 4% * on Principal Outstanding 4%* on the available Flexi Loan Limit 4% * on Sanctioned Amount during Flexi Interest Only
Loan Repayment Tenure;
and
4%* on the available Flexi Loan Limit during Flexi Term Loan Tenure
Part Payment Charges 2% * on the Part- Payment Amount NA NA

* GST as applicable will be payable by the Borrower in addition to the Prepayment Charges.