Loan Against Bonds
Interest Rates
At Abhiloans, our commitment is to provide transparent and competitive rates and fees to our esteemed customers. We are pleased to provide you with a comprehensive breakdown of the rates and fees associated with our loan against bonds product:
| 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) |
| Installment 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 Legal Charges | Nil As Per Actuals |
| No Due Certificate (NDC)/No Objection Certificate (NOC) Duplicate NOC Pledge Creation Fees | Nil Nil Nil |
| De-Pledge Fees | Nil |
| Commitment Charges / Non-Utilization Fee (Applicable for Overdraft Facility) Cheques/ACH swapping | Nil Nil ₹ 500 + GST |
| Non-Registration of NACH | ₹ 1500 + GST Every Month |
| e-NACH cancellation without enabling alternative e-NACH | ₹ 1500 + GST Every Month |
We place great importance on maintaining transparency regarding our rates and fees. To ensure that you have the most accurate and up-to-date information on rates and fees that cater to your specific loan requirements, we encourage you to reach out to our dedicated customer service.
FAQs on Rates & Charges
Most frequent questions and answers
When you choose to borrow against your bonds, it’s important to note that the interest on the loan is generally accumulated and billed on a monthly basis. To calculate the interest amount, the lender typically applies the interest rate to the outstanding balance of the loan, which gradually reduces as you make repayments. This method allows for a decreasing interest rate over time as the loan balance decreases.
When it comes to the processing fees for the loan amount, we offer two options at our institution. You will be charged either 2.36% of the loan or a flat fee of Rs. 1180, whichever amount is higher. Rest assured, the processing fees encompass all applicable taxes, ensuring transparency and convenience for our borrowers.
No, you can be confident that the interest rate will remain constant and unaffected throughout the entire duration of your loan. There will be no modifications or adjustments to the interest rate during the repayment period.
At Abhiloans, we prioritize customer flexibility and convenience. Therefore, we do not enforce any prepayment charges or penalties on borrowers who decide to repay their loans before the scheduled tenure. We aim to empower our customers to manage their loans without incurring any extra financial burdens or penalties.
We want to assure you that, apart from the interest rate and processing fees, there are no additional or concealed charges associated with loans against bonds at our institution. For a comprehensive understanding of our fee structure, we recommend referring to our Schedule of Charges page, where you can find detailed information about all applicable fees. We prioritize transparency and strive to provide a clear and upfront borrowing experience for our customers.