Loan Products and Features

 

Product Name Primary Loan Special Loan
Loan Tenure
11 to 13 Months 26-29 Months
Loan Amount  1000/- to 30000/- 31000/- to 60000/-
Installment Type (As per Borrowers’ choice)
 Weekly Fortnightly Monthly Weekly Fortnightly Monthly
Rate of Interest
24.90% Reducing 24.90% Reducing
Processing Fees
1% on loan amount plus applicable GST 1% on loan amount plus applicable GST
Insurance Fees ( both for Borrower and Spouse per 1000/-) INR 4.75 in every Rs. 1000 of loan for 1 year plus applicable GST INR 9.50 in every Rs. 1000 of loan for 2 years plus applicable GST
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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