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INTEREST RATES & CHARGES

Interest Rates & Charges

Charges for instant Personal Loan approval online, up to Rs. 25 lakh:

Types of Fees

Charges Applicable

Interest rate
13.99%
Processing fees
2.25% - 3% of the loan amount
EMI bounce charges
Rs. 1,000 per bounce
Penal interest
2% per month
Secure fee (only for online approvals)
Rs. 4,499

Foreclosure Charges

Borrower Type

Time Period

Foreclosure charges

All borrowers
More than 1 month from date of loan disbursal
4% plus applicable taxes on principal outstanding*

*Foreclosure charges for term loan will be applicable on the current principal outstanding.

*Foreclosure charges for Flexi loans will also be calculated on the current principal outstanding.

Part-prepayment Charges

Borrower Type

Time Period

Foreclosure charges

All borrowers
More than 1 month from date of loan disbursal
2% plus applicable taxes on part-payment amount paid*

*Part-prepayment made should be more than 1 EMI.

*These charges not applicable for Flexi Loan and Line of Credit facilities.

Annual Maintenance Charges

Line of Credit

Flexi Loan

Personal Line

0.25% on sanctioned amount*
0.25% on Flexi Dropline limit*
0.25% on Flexi Dropline limit*

*These charges will be levied annually.

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