|
Upfront Processing Fee – To be deducted from approved amount |
10% - 15% (including GST) |
|
Service Charges |
3% - 28% (including GST) |
|
Rate of Interest |
24% - 36% P.A. |
|
Late Payment Fee |
4% / INR 550 per EMI (including GST) |
|
Prepayment or Foreclosure Charges |
5% per EMI (including GST) |
|
Overdue Interest |
24%-36% PA |
|
Overdue Service Fees |
8.5% per missed EMI Instalment (including GST) |
In case of payment, repayment or partial repayment, amount repaid will be adjusted as per below hierarchy:
- Processing Fee (deducted at time of disbursement)
- Extension Fee (if extension availed)
- Interest
- Principal
- Overdue Interest (if in overdue status)
- Late Payment fee (if in overdue status)
- Service Charges
