Category Charges on Rs. 50,000 loan
Interest Rate % 11.99%* onwards
Default in Interest or Principal payments 3% per month on defaulted amount (Annualized Penal Charge of 36%)
Dishonour of Payment Disbursements or Cheques Rs. 600 for every Cheque/Payment Instrument Dishonour
Mandate Rejection Service Charge Nominal amount of Rs. 450 + GST
Processing Fees Up to 4% of the loan amount + GST
CCOD Annual Maintenance Charges 0.25% of the reduced assigned limit OR Rs.1000/—(whichever is higher) will be payable at the end of the 13th month
Collection Charge Charges will be ‘At Actuals’
Statement of Accounts You will only be charged for a hard copy in case of a branch walk-in at Rs. 250 + GST. Downloading a statement of account on the portal is free of cost.
Loan Cancellation Charges 2% of the Loan Amount/ Facility amount OR Rs. 5750/- (whichever is higher)
Payment Instrument Swapping Charges To swap your eMandate or post-dated cheques from another account for EMI repayment purposes, you will be charged Rs. 550 + GST per instance.
Duplicate Repayment Schedule For duplicate statements of the Repayment Schedule, you will be charged Rs. 550 + GST per instance
Duplicate NOC For a duplicate NOC, you will be charged Rs. 550 plus the GST.