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Schedule of Charges for Personal Loans

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Effective from 1^st April 2025Processing FeeAmounts up to three percent of the loan value + relevant GSTApply for Personal Loan

Foreclosure ChargesLoan foreclosure is only permissible six months after the disbursement date.

Loan Tenure

Foreclosure Charges will be collected on the Loan Principal outstanding + GST as applicable

7-12 months

4.50%

13-24 months

4.50%

25-36 months

2.50%

>36 months

2.00%

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Partial Prepayment ChargesWith a maximum of two prepayments yearly, partial loan prepayment can only be made six months following the loan distribution date.

Loan Tenure

Pre-payment Charges will be collected on the Loan Principal paid+ GST as applicable

7-12 months

4.50%

13-24 months

4.50%

25-36 months

2.50%

>36 months

2.00%

Apply for Personal Loan

Loan Cancellation ChargesLoan cancellation is allowed three days following loan disbursement under a free look period.Cancellation requests cannot be fulfilled beyond this period.There are no related cancellation charges, but the processing fee and relevant taxes paid earlier will not be reimbursed.Apply for Personal Loan

Non-payment of Standing InstructionThe fee for each instance is Rs. 600/-, in addition to the applicable GST.Apply for Personal Loan

Penal ChargesOverdue EMIs for the defaulting period will be subjected to a 3% annual interest rate. This amount is required to be paid monthly, on the EMI due date.EMI overdue amount = Principal + InterestApply for Personal Loan

EMI Start DateFor loans disbursed between the 1st and 19th of the month, EMI repayment will commence on the 6th of the following month.For loans disbursed between the 20th and the end of the month, EMI repayment will commence on the 10th of the following month.Apply for Personal Loan

Annual Percentage RateThe annual percentage rate provided to customers for personal loans from JAN2026 – MAR2026

Minimum Interest Rate

10.99%

Maximum Interest Rate

28.00%

Mean Rate

17.12%

*Mean Rate of Interest is calculated as weighted average of Rate of Interest.Apply for Personal Loan

Schedule of Charges for Personal Loans

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