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