Rates and Terms

Upfront Origination Fee – To be deducted from approved amount

9.72% (including GST)

Account Management fee

7% per installment

Online Secure Fee


Approval Fee

4% / 5%

Loan Foreclosure/Pre-payment Charges


Rate of Interest

36% P.A.

Collection Fee

0.1% (including GST) per day

Extension Fee

0.5% per day

Late Payment Fee

4% / INR 550 per EMI

Overdue Interest

36% P.A.

Overdue Service Fees

8.5% per missed EMI Installment


In case of payment, repayment or partial repayment, amount repaid will be adjusted as per below hierarchy:

  • Approval Fee ( deducted at time of disbursement)
  • Origination 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)
  • Account Managment Fee
  • Collection Fee