Category Charges on ₹70,000 Personal Loan
Interest Rate % 11.99%* onwards
Default in Interest or Principal payments 3% per month on the defaulted amount (Annualised penal charge of 36%)
Dishonour of Payment Disbursements or Cheques ₹600 for every cheque/payment instrument dishonour
Mandate Rejection Service Charge ₹450 + GST
Processing Fees Up to 5% of the amount + GST
Annual Maintenance Charges

AMC shall be levied at 0.25% of the Dropline Amount or INR 1,000, whichever is higher, and shall be computed on the opening balance in the month in which the charge is to be levied.

For Loans booked prior to or on the 15th of a month:

AMC shall be charged in the 13th month, 25th month, 37th month, 49th month, and every 12 months thereafter during the tenure.

For Loans booked after the 15th of the month:

AMC shall be charged in the 12th month, 24th month, 36th month, 48th month, and every 12 months thereafter during the tenure.

Such AMC shall be collected along with the EPI of the respective month, except for the final EMI month, wherein no AMC shall be levied.
Statement of Accounts ₹250 + GST for a hard copy (branch walk-in). Free if downloaded from the online portal.
Loan Cancellation Charges 2% of the facility amount/loan amount OR ₹5,750 (whichever is higher)
Payment Instrument Swapping Charges ₹550 + GST per instance (for swapping eMandate or post-dated cheques)
Duplicate Repayment Schedule ₹550 + GST per instance
Duplicate NOC ₹550 + GST