Type of Charges Amount
Rate of interest Starting at 10.99%
Processing fees Up to 3.5% of the loan amount + GST
Penal Charges, if any, in case of delayed payments For default in payment of interest and/ or principal amounts 3% per month on defaulted amount (Annualized Penal Charge of 36%)
Foreclosure charges

Within 12 months of the date of first disbursement- 6.5% of the principal outstanding at the time of foreclosure 

After 12 months of the date of first disbursement- 4.5% of the principal outstanding at the time of foreclosure
Dishonour of any cheque/payment instrument Rs. 600 per instrument per instance