Interest Rate and APR Calculator
|Working Capital Loans||Repo + 3.25%||Repo + 11.5%||Repo + 5.17%|
- The range of interest rates provided above is with respect to individual loans disbursed during Quarter-I FY 2022.
- Mean rate = Sum of rate of all loan accounts / Number of all loan accounts
Applicable Fees and Commission:
|Nature of Charges||Details|
|Processing Fees||Up to 2% (plus applicable taxes) of the facility amount|
|Stamp Duty and other statutory charges||As per applicable laws of the state|
|Commission on Letters of Credit and Bank Guarantee||Up to 2% p.a. commission shall be charged on pro-rata basis based on the tenure and the amount of non-fund based facility being availed|
|Commitment Charges||Commitment charges to be charged as per the terms and condition mentioned in the sanction letter/intimation letter|
|Foreclosure Charges||Foreclosure charges to be charged as per the terms and condition mentioned in the sanction letter/intimation letter|
Annual Percentage Rate:
The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and processing fee.
To calculate the same, please click here to download the APR calculator.
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