Interest And Fees
| Risk Category | Low Risk | Moderate Risk | Moderately High Risk | High Risk |
|---|---|---|---|---|
| Interest Range | 14% - 17.9% | 18% - 21.9% | 22% - 26.9% | 27% and above |
| Processing Fees | 3.50% | 4% | 5.00% | 6.50% |
Borrower Registration Fee - We charge a one-time non-refundable fee of Rs. 500 as registration fee.
Penal Charges - If EMIs are not paid within the due date, penal charges of 40% p.a. on the overdue EMI amount are applicable over and above Rs. 500 as collection charge.
Cheque Bounce Charges - Rs. 500 is charged in case of any cheque bounce.
Legal Notice Charges - Rs. 500 on issuance of any legal notice arising out of breach of loan terms and covenants.
Loan Foreclosure Charges - After paying EMI for 3 months, loan can be fully foreclosed without any charges.
Platform Collection Charges - Rs. 500 as collection charge for any delayed EMI