| Interest rate |
14.25% onwards |
| Loan processing charges |
Up to 2.00% + Applicable taxes |
| Part Pre-payment charges |
- No part prepayment permitted until repayment of 6 EMIs
- 2% charge plus GST will be levied on amount prepaid
- Part prepayment amount in a single instance cannot exceed 25% of principal outstanding.
|
Foreclosure/Full prepayment charges |
Not allowed until repayment of 6 EMIs. Post repayment of 6 EMIs:
- 7-24months – Full prepayment @ 4% of principle outstanding at the time of prepayment
- 25-36months - Full prepayment @ 3% of principle outstanding at the time of prepayment
- >36months - Full prepayment @ 2% of principle outstanding at the time of prepayment
|
| Penal interest |
2.00% p.m. on the amount of overdue installment |
| Cheque bounce charges |
Rs. 500/- per instance + Applicable taxes |
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