Types of interest rate/charges Charges
Personal loan interest rate 11.99% onwards
Penal charges for default in interest or principal amount payment 3% per month on defaulted amount (Annualized Penal Charge of 36%)
Dishonour of any check/payment instruments Rs. 600 for every cheque/payment instrument dishonour
Mandate rejection service charge Rs. 450 + GST
Processing fees Up to 4% of the loan amount + GST
CCOD annual maintenance charges 0.25% of reduced assigned limit OR Rs. 1000/-
Collection charge Charges will be ‘At Actuals’
Statement of accounts Rs. 250 + GST for hard copy
Loan cancellation charges

2% of the loan amount/facility amount OR Rs. 5750/-
Payment instrument swapping charges Rs. 550 + GST per instance
Duplicate repayment schedule Rs. 550 + GST per instance
Duplicate NOC Rs. 550 + GST
Part payment changes 4.5% on amount over and above 25% of principal outstanding, up to a maximum of 50% of principal outstanding
Foreclosure charges on term loan facility 4.5% on the principal outstanding at time of foreclosure AND additional 2% for prepayment/foreclosure made during Lock-in period
Foreclosure charges for top-up 4.5% on the principal outstanding at time of foreclosure AND 2.5% on future principal outstanding on existing loan
Foreclosure charges in CCOD cases 4.5% on the Dropped down limit amount AND additional 2% for prepayment/foreclosure made during Lock-in period
Foreclosure report Rs. 199 + GST for hard copy