*Rates are subject to changes
Type of Charges | Applicable Rate* |
---|---|
Rate of interest | Starting at 11.99% |
Processing fees | Up to 5.5% of the loan amount + GST |
Default in payment of amounts | 3% per month on the amount overdue + applicable taxes |
Foreclosure charges | 4.5% on the principal amount outstanding at the time of foreclosure |
Dishonour of any cheque/payment instrument | Rs. 600 on every cheque/payment instrument dishonoured |