Type of fee

Applicable charges

Rate of interest

11% - 19.50% p.a.

Processing fees

Up to 2.95% of the loan amount (inclusive of applicable taxes)

Documentation charges

Up to Rs. 2,360 (inclusive of applicable taxes)

Flexi fee

Term Loan: Not Applicable

Flexi Hybrid Term Loan:
1.Up to Rs. 7,999 for loan amount from Rs. 1,00,000 to Rs. 39,99,999.
2.Up to Rs. 9,999 for loan amount of Rs. 40,00,000 and above.

Note:
1.The above-mentioned flexi facility charge will be deducted upfront from the loan amount.

Pre-payment charges

Full Pre-payment (Foreclosure) Charges:

•Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount payable by the borrower on the date of such full pre-payment.
•Flexi Hybrid Term Loan: 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, during initial and subsequent tenure on the date of such full pre-payment.

Part Pre-payment Charges:

•Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part pre-payment.
•Not applicable for Flexi loan variants.

Annual maintenance charges

Bounce charges

Rs. 750 per bounce.

“Bounce charges” per bounce shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Penal charges

Delay in payment of instalment(s) shall attract penal charges of Rs. 40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Repossession charges

Repossession charges at actuals with a maximum capping of Rs.50,000 (inclusive of applicable taxes)

NOC for Interstate Transfer

Rs. 500 (inclusive of applicable taxes)

Duplicate NOC

Rs. 500 (inclusive of applicable taxes)

Other NOC

Rs. 1,180 (Inclusive of applicable taxes)