Risk related rate of Interest

  • The interest rate charged to the customer is based on the customer profile, credit bureau score, property type, market competition offerings, etc.
  • The interest rate applicable will vary from time to time and will be mentioned against the specific operative schemes/loan products

Mode of Calculation

  • The interest rate will be quoted on an annualized basis only.
  • Compounding, if any, will be provided in specific loan schemes.

Penal Charges

  • 1.5% per month on overdue amount for actual days of due
  • Cheque bounce charges

    Rs.500/- (for first instance)
    Rs.750/- (for second instance)
    Rs.1000/- (from third instance onwards)
    Bounce charges will be added along with the next instalment. Bounce charges include GST

 

Customized Interest Rates12 to 27%
Processing Fees1.5 – 3 %
Loan Tenureup to 20 years
Pre/ Part Payment ChargesPart prepayment up to 25% of the Loan Amount can be made in a Financial Year. Part prepayment in excess of this limit will be subject to pre-payment charge of 3% of the loan amount prepaid plus Applicable Taxes
Fore-Closure Charge3% of Principal Outstanding +Applicable Taxes (only after payment of 3 EMIs)
Loan Amount₹ 50,000 – ₹ 50 lakh
InstalmentsFlexible Monthly