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Rural Personal Loan Fees & Charges

Schedule of Charges

Loan Processing Fees	Up to 2% of the Sanctioned Amount + GST
EMI Bounce Charges per presentation	12% of the EMI outstanding (minimum - Rs 400; maximum - Rs. 1000) + GST
Penal Charges for delay of Payment	12% p.a. (1% p.m.) of the unpaid EMI or Rs. 300 whichever is higher, No GST will be applicable
Foreclosure/ Prepayment Charges	5% of the principal outstanding amount + GST
Rate of interest	13.50% - 24%
Average TAT	2-5 Working Days
EMI Pick-up/collection charges	₹500/- + GST
Collection Legal Charges	As per Actuals
Part Payment Charges	Part Payment shall be permitted only after payment of 9 EMIs. Part payment charges shall be applicable on the part payment amount as follows: 5% for payments made between 10th to 24th EMI, 4% between 25th to 36th EMI, and 3% from 37th EMI onwards. Part payment shall be allowed up to a maximum of 25% of the Principal Outstanding (POS) at the time of such payment. Such part payment shall be permitted only once in a period of 12 months and not more than twice during the entire loan tenure. Part payment shall be made solely from the borrower's own funds.
Loan Cancellation Charges	Loan can be cancelled within first 15 days from disbursal date at no charges. Post 15 days of freelook period – Loan is locked for 6 months, after which foreclosure norms/charges will apply.
Technical bounce charges*	Charge rates would be same as applicable under EMI bounce charges.

*Mandate Rejection technical Bounce Charges (for mandate rejected by your bank, to be charged for each month from 3rd consecutive bounce month onwards until the mandate is registered).

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