Schedule of Charges (In Rs.)
| Rate of Interest (Flat or Reducing) * | 8% to 24% Per Annum |
| Loan Tenure | 12 to 36 Months (Renewal Basis) |
| Loan Processing Fee | 2% of the Sanctioned Loan Amount or ₹ 1000 + GST (whichever is higher) |
| Instalment Bouncing Charges | ₹ 500 + GST |
| Pre-closure Charges | Nil |
| Repayment Schedule | Nil |
| Pre-payment in Part or Full | Nil |
| Late payment/ Delay/Overdue interest charges | 2% Per Month on Overdue Amount |
| CIBIL Report Retrieval Fee | Nil |
| Legal Notice | Nil |
| Legal Charges | As Per Actuals |
| No Due Certificate (NDC)/No Objection Certificate (NOC) | Nil |
| Duplicate NOC | Nil |
| Pledge Creation Fees | Nil |
| De-Pledge Fees | Nil |
| Commitment Charges / Non-Utilisation Fee (Applicable for Overdraft Facility) | Nil |
| Cheques/ACH swapping | ₹ 500 + GST |
| Non-Registration of NACH | ₹ 1500 + GST Every Month |
| e-NACH cancellation without enabling alternative e-NACH | ₹ 1500 + GST Every Month |
| Annual Maintenance Charge (AMC)* | Up to 0.50% of the Sanctioned Credit Limit. Minimum ₹ 1,000/- and Maximum up to ₹ 5,000/- + GST |
| Stamp Duty and Other Statutory Charges | As per Applicable Laws of the State |
| Dormant Account | Up To ₹ 1,000/- + Taxes per Month where Limits are NIL in the Month |
*What is meant by reducing interest rate?
In reducing rate, the interest rate is accrued on the outstanding loan amount. The principal amount is reducing with each re-payment (EMI), which means that interest being paid also goes down gradually, so it is calculated against the remaining loan amount or outstanding balance, rather than the original principal amount.
For example, if you take a loan of ₹ 1, 00,000 with a reducing rate of interest of 8% p.a. for 6 months, then your principal amount would reduce with every repayment. The repayment schedule is as below:
| Repayment Number | Opening Balance | Loan Repayment | Interest Charged | Capital Repaid | Closing Balance |
| 1 | 1,00,000 | 17,058 | 667 | 16,391 | 83,609 |
| 2 | 83,609 | 17,058 | 557 | 16,500 | 67,109 |
| 3 | 67,109 | 17,058 | 447 | 16,610 | 50,498 |
| 4 | 50,498 | 17,058 | 337 | 16,721 | 33,777 |
| 5 | 33,777 | 17,058 | 225 | 16,833 | 16,945 |
| 6 | 16,945 | 17,058 | 113 | 16,945 | 0 |
| Total | – | 1,02,346 | 2,346 | 1,00,000 | – |