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 4% of the loan amount + GST
CCOD Annual Maintenance Charges 0.25% of the reduced assigned limit OR ₹1,000 (whichever is higher) payable at the end of the 13th month
Collection Charge Charges will be ‘At Actuals’
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