Personal Loan Processing Fees and Interest Rates

Type of fee

Applicable charges

Rate of interest per annum

Processing fees

Up to 3.93% (Inclusive of applicable taxes) of the loan amount.

Flexi Facility Charge

Term Loan – Not applicable

Flexi variant – A fee will be deducted upfront from the loan amount (as applicable below)

• Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
• Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
• Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
• Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
• Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
• Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
• Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
• Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
• Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

*All the Flexi facility charges above are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.

Principal Holiday Facility Fees

• Up to Rs.1999/- for loan amount less than Rs.2,00,000
• Up to Rs.3999/- for loan amount from Rs. 200000 to Rs.399999
• Up to Rs.5999/- for loan amount from Rs. 400000 to Rs.599999
• Up to Rs.7,999/- for loan amount from Rs. 600000 to Rs.999999
• Up to Rs.8,999/- for loan amount from Rs.10,00,000 to Rs. 1499999
• Up to Rs. 9999/- for loan amount from Rs. 15,00,000 to Rs.19,99999
• Up to Rs.10,999/- for loan amount from RS. 20,00,000 to RS.2499999
• Up to Rs.11,999/- for loan amount from RS.25,00,000 to RS. 29,99999
• Up to Rs. 12,999/- for loan amount of Rs.30,00,000 and above

Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount

*(Loan amount includes approved loan amount, Insurance Premium & VAS Charges)

Bounce charges

Up to Rs. 1,200/- per bounce
“Bounce charges” shall mean charges for (i) Dishonor of any payment instrument; or (ii) Non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Pre-payment charges

Full Pre-payment:

Foreclosure can be processed post clearance of first EMIs.

• Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.
• Flexi Term Loan (Flexi Dropline): Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.
• Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.

Part Pre-payment:

• Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.
• Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term Loan.

Penal charge

Stamp duty (as per respective state)

Annual maintenance charges

Term Loan: Not Applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges

Flexi Hybrid Term Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit during Initial Tenure. Up to 0.295% (Inclusive of applicable taxes) of Dropline limit during Subsequent Tenure