Loan Products and Features

 

Product Name Primary Loan Special Loan
Loan Duration  12 Months 24 Months
Loan Amount  1000/- to 30000/- 31000/- to 60000/-
Installment Type  Weekly Fortnightly Monthly Weekly Fortnightly Monthly
Interest Rate (Decline Method P.A) 24% to 25.71% 24% to 25.71% 24% to 25.71% 24% to 25.71% 24% to 25.71% 24% to 25.71%
Processing Fee (Excluding Service Tax) 0% to 1%  0% to 1%  0% to 1% 0% to 1% 0% to 1% 0% to 1%
Insurance Charges (Excluding Service Tax) both for Borrower and Spouse per 1000/- 5/-  5/-  5/- 10/- 10/- 10/-
Total Number of Installment 46 22 11 97 47 23
Moratorium Period 1 Week 1 Fortnight 1 Month 1 Week 1 Fortnight 1 Month
Grace Period 3 Weeks 2 Fortnights Nil 6 Weeks 4 Fortnights 1 Months
Loan Tenure 50 weeks 25 Fortnights 12 Months 104 weeks 52 Fortnights 24 Months
Admission Fee Nil Nil Nil Nil Nil Nil
Security Deposit Nil Nil Nil Nil Nil Nil
Penalty for Prepayment/Late Payment Nil Nil Nil Nil Nil Nil

 

 

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