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Loan processing fees and charges
Loan processing fees and charges

Loan fees and charges in details

Paramita avatar
Written by Paramita
Updated this week

Here are the processing fees and charges in details

Type of fee

Applicable charges

Interest rate

10.5% p.a.

Processing fee

Rs. 999 or 1% of loan amount whichever is higher upto a maximum of Rs. 4999

Late Payment Interest

Penal Interest is charged @ 2% per month

Bounce charges (for failed interest payment)

Rs 1200 per bounce

Annual Renewal Charges


Part-prepayment charges


Foreclosure charges


Mandate inactive charges


Mandate verification (charged by your bank)

As charged by your bank (typically between Rs. 0 to Rs. 150)

Lien removal charges (if requested after taking loan)


Lien removal charges (if requested before taking loan)

Rs 500

Collection/legal Charges (in case of default)

At actuals

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