Schedule of Charges
- Preclosure Charges:
- Refer to the preclosure policy for detailed information.
- Prepayment Charges:
- Refer to the prepayment policy for detailed information.
- Penalty Charges:
- Penalty charges are calculated at an annualized rate of 36% + appropriate GST on the overdue principal amount, applied on a daily basis without compounding.
- One-Time Overdue Charges:
- A flat fee of 3% + appropriate GST of the overdue principal amount is charged as a one-time overdue charge.
- Registration Charges:
- Registration charges amount to 2.5% + appropriate GST of the first loan principal, up to Rs. 750.
- Credit Report Charges:
- A fixed fee of Rs. 50 + appropriate GST is charged for obtaining a credit report.
- Insurance Charges:
- NA
- GST Charges:
- Currently, all our fees will attract 18% GST as per the Government regulations.
Member Of
Fintech Association for Consumer Empowerment
and
Digital Lenders Association of India
