Interest Rate and APR Calculator

Interest Rates:

 

ProductMinimumMaximumMean
Working Capital Loans Repo + 3.25% Repo + 10% Repo + 5.09%

 

Note:

  • The range of interest rates provided above is with respect to individual loans disbursed during Quarter-II FY 2022.
  • Mean rate = Sum of rate of all loan accounts / Number of all loan accounts

 

Applicable Fees and Commission:

 

Nature of ChargesDetails
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.