Processing Fee

3% of the loan amount + GST as applicable

Foreclosure Charges

Foreclosure of loan can only be done after completion of 6 months from date of disbursement.

Loan Tenure	Foreclosure Charges will be collected on the Loan Principal outstanding + GST as applicable
7-12 months	4.50%
13-24 months	4.50%
25-36 months	2.50%
>36 months	2.00%

Partial pre-payment of loan can only be done after completion of 6 months from date of disbursement subject to maximum 2 pre-payments in a year.

Loan Tenure	Pre-payment Charges will be collected on the Loan Principal paid+ GST as applicable
7-12 months	4.50%
13-24 months	4.50%
25-36 months	2.50%
>36 months	2.00%

Loan cancellation can be done during the free look period of 3 days within the disbursal of the loan. Post which cancellation is not allowed

There are no cancellation charges.

However, processing Fee + applicable taxes collected earlier will not be refunded.

Rs. 600/- per instance + GST as applicable

3% per annum on the overdue EMI will be charged for the defaulted period and the same is payable on Monthly basis on EMI due date.

Overdue EMI = Principal + Interest

For all loans disbursed between 1st to 19th of the month the EMI repayment will start from 6th of the next month

For all loans disbursed between 20th to end of the month the EMI repayment will start from 10th of the next month

Annual percentage rate offered to customers on personal loans from Jan 2024 – Mar 2024.

*Mean Rate of Interest is calculated as weighted average of Rate of Interest.