For Two-wheeler loans, there is only one type of interest rate that is applied which is fixed interest rates. Let's look at it in-depth now.
Type of Fee | Applicable Charges |
---|---|
Processing Fee | Up to 4% + GST on total loan amount |
Additional Processing fee/Admin fee | Up to ₹ 2500 wherever applicable |
Penal Interest | 3% on overdue amount per month* |
Post Disbursement Documentation Charge | Up to ₹ 650 + GST |