Type of Charges Applicable Rate*
Rate of interest Starting at 11.99%
Processing fees Up to 5.5% of the loan amount + GST
Default in payment of amounts 3% per month on the amount overdue + applicable taxes
Foreclosure charges 4.5% on the principal amount outstanding at the time of foreclosure
Dishonour of any cheque/payment instrument Rs. 600 on every cheque/payment instrument dishonoured