Schedule of Charges
- Penalty Charges:
-
Penalty charges are calculated at an annualized rate of 36%
+ appropriate GST on the overdue principal amount, applied
on a daily basis without compounding.
- One-Time Overdue Charges:
-
A flat fee of 3% + appropriate GST of the overdue principal
amount is charged as a one-time overdue charge.
- Registration Charges:
-
Registration charges amount to 2.5% + appropriate GST of the
first loan principal, up to Rs. 750.
- Credit Report Charges:
-
A fixed fee of Rs. 50 + appropriate GST is charged for
obtaining a credit report.
- GST Charges:
-
Currently, all our charges will attract 18% GST as per the
Government regulations.