Type of Fee Applicable Charges*
Rate of interest Starting at 11.50%
Processing fee Up to 4% of the loan amount + GST
Default in payment of amounts as per the facility documents 3% per month on overdue amount + applicable taxes
Dishonour of any cheque/payment instrument Rs. 600 per every cheque/payment instrument dishonour
Loan cancellation charges 2% of the loan amount or Rs. 5750 (whichever is higher)
Foreclosure charges on term loan facility 4.5% on the principal outstanding at the time of foreclosure