|Charge Type - Consumer Loans||Details|
|Processing Fee||Up to 2% of loan amount + applicable taxes|
|Repayment bounce charges||Rs.350/- + applicable taxes if any|
|Late payment interest||3% per month on overdue EMI|
|Part Prepayment Charges||Up to 5 % of prepaid amount + applicable taxes Upto 25% allowed twice in a year.|
|Foreclosure Charges||5% of principal outstanding + applicable taxes|
|Annual Maintenance charges||Nil|
|Legal /Recovery charges||As per actuals|
|Duplicate NOC charges (Charge is applicable for paper copy post 3 free copies per customer)||Rs 250/- + applicable taxes|
|Repayment swap charges (per swap)||Rs 500/- + applicable taxes|
|SOA/RPS /FC letter & other documents||Nil|
|Cooling-off/ look-up period during which Borrower shall not be charged any penalty on prepayment of loan||3 Days|
|Loan cancellation charges post cooling off period of 3 days||5% + GST on the outstanding loan amount|
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The process was user friendly and very smooth. Mukesh was very helpful in guiding me through the journey and gave me proper guidance.
I have upskilled myself and look forward to starting my own venture soon. Smooth process, disbursement in 15 mins of process completion. Extremely satisfied with the assistance of the Call center.
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