|Type of Credit facility||Interest Rate and charges applicable|
|Cardless EMI Interest Rate||10% to 22%|
|Prepayment Charges||5% on the Principal Outstanding plus Goods and Services Tax (GST)|
|Additional Interest on late payment||Charges for late payment/additional interest: applicable rate + 24% per annum, plus applicable taxes, if any|
|Repayment Mode Swap Charges||Rs 500 per transaction plus GST|
|Loan Cancellation Charges||Rs 3,000 plus GST|
|EMI Bounce Charges||Rs 400 per bounce plus GST|
|Amortization schedule charges||Rs 200 per transaction plus GST|
|Statement of Account Charges||Rs 200 per transaction plus GST|
|Prepayment or foreclosure statement charges||Rs 100 per transaction plus GST|
|Duplicate No Objection Certificate / No Due||Rs 100 per schedule plus GST|
Interest Rate Range for July 2021 to September 2021:
|Type of Credit facility||Minimum||Maximum||Mean|
Note: Mean rate = Sum of rate of all Loan Accounts/Number of all loan amounts.
Annual Percentage Rate
The Annual Percentage Rate (APR) is a method to compute the annualised credit cost, which includes the interest rate and the processing fee.
The APR calculator does not include charges such as prepayment charges, etc.
To calculate the same, please click here to download the APR calculator.
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