Personal Loan fees and charges

We advise you to read our fees and charges in detail before applying for our personal loan.

Applicable fees and charges

Type of fee

Applicable charges

Rate of interest

11% onwards.

Processing fees

Processing fee up to 3.84% of the loan amount (Inclusive of applicable taxes)

Flexi Fee Term Loan – Not applicable
Flexi variant (as applicable below)
Rs. 1,999 (Inclusive of applicable taxes) for loan amount up to Rs. 199,999/-
Rs. 3,999 (Inclusive of applicable taxes) for loan amount >=2 Lacs & < 4 Lacs
Rs. 5,999 (Inclusive of applicable taxes) foe the loan amount is >=4 Lacs & < 6 Lacs
Rs. 6,999 (Inclusive of applicable taxes) for the loan amount is >= 6 Lacs & < 10 Lacs
Rs. 7,999 (Inclusive of applicable taxes) for the loan amount is >=10 Lacs
Will be deducted upfront from loan amount

Bounce charges

Rs. 600 - Rs. 1,200 per bounce.

Penal interest

Any delay in payment of monthly instalment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly instalment/ EMI outstanding from the date of default until the receipt of the monthly instalment/ EMI.

Part-prepayment charges*

4.72% (inclusive of applicable taxes)

Stamp duty

Payable as per state laws and deducted upfront from loan amount

Mandate rejection charges

Rs. 450 (inclusive of applicable taxes) per month from the first month of the due date for the mandate rejected by customer’s bank until the registration of new mandate.

Annual maintenance charges

Flexi Term and Flexi Hybrid Loan - 0.295% (Inclusive of applicable taxes), on the total withdrawable amount irrespective of utilisation on date of levy of such charges.

Foreclosure charges

Term Loan - 4.72% (Inclusive of applicable taxes) on the principal outstanding amount as on the date of such full pre-payment.
Flexi Term and Flexi Hybrid Loan - 4.72% (Inclusive of applicable taxes) on total withdrawable amount (total loan amount that you can withdraw under Flexi Term Loan from time to time as per the repayment schedule on the date of levy of such charges).

Terms and conditions apply

Personal loan application process

Step-by-step guide to apply for a personal loan

  1. Click on ‘APPLY’ at the top of this page to open our online application form.
  2. Enter your 10-digit mobile number and verify the OTP sent to your phone.
  3. Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  4. Now, click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
  6. Choose the repayment tenure – you can select tenure options of 12 months to 84 months and click on ‘PROCEED’.
  7. Complete your KYC and submit your application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.