Explore the fees and charges on a Personal Loan

Type of fee

Applicable charges

Rate of interest

10% to 31% p.a.

Processing fees

Up to 3.93% (Inclusive of applicable taxes) of the loan amount.

Term Loan – Not applicable

Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)

• Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
• Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
• Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
• Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
• Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
• Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
• Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
• Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
• Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

*All the Flexi charges above are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.

Bounce charges

Up to Rs. 1,200/- 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.

Full Pre-payment:

Foreclosure can be processed post clearance of first EMIs.

• 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 Loan (Flexi Dropline): Up 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.
• Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.

Part Pre-payment:

• 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 Term Loan (Flexi Dropline) and Flexi Hybrid Term Loan.

Penal Charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty

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

Annual maintenance charges

Term Loan: Not Applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (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 0.295% (Inclusive of applicable taxes) of the Dropline limit during Initial Tenure. Up to 0.295% (Inclusive of applicable taxes) of Dropline limit during Subsequent Tenure