Rate of interest

11% to 17% per annum

Processing fee

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

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loan – Up to Rs. 999/- to Rs. 16,999/- (Inclusive of applicable taxes)

will be deducted upfront from loan amount.

Prepayment charges

Full Pre-Payment

• Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) On The Outstanding Loan Amount As On The Date Of Full Pre-Payment.
• Flexi Term (Dropline) Loan: Up To 4.72% (Inclusive Of Applicable Taxes) on the outstanding loan amount,as per the repayment schedule, as on the date of full prepayment.
• Flexi Hybrid Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) on the outstanding loan amount, per the repayment schedule, as on the date of full prepayment.

Part Pre-Payment
• Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) Of Principal Loan Amount Prepaid On The Date Of Such Part Pre-Payment.
• Not Applicable For Flexi Term (Dropline) Loan And Flexi Hybrid Term Loan

Annual maintenance charges

Term Loan: Not Applicable

Flexi Term (Dropline) Loan: Up to 0.472% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Term Loan: Up To 0.59% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Loan Tenor. Up To 0.472% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Loan Tenor.

Bounce charges

Rs. 1500/- per bounce.

“Bounce charges” 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 charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum 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 the loan amount