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| Description | Minimum | Maximum |
|---|---|---|
| Loan Amount | Rs 10,000 | Rs 10,000,000 |
| Loan Tenure | 6 months | 12 months |
Interest rate range: (July 2021 to Sept 2021 Q2(FY21-22))
| Minimum | Maximum | Mean | Penal Interest |
|---|---|---|---|
| 10.00%* | 19.76% | 15.15% | 6% |
*Terms and Conditions applied
Penal Interest is not applicable for agricultural loans up to Rs 25,000 per customer.
NOTE:
- It includes various categories like loan amount, customer relationships etc.
- Mean rate = Sum of rate of all loan accounts / Number of all loan accounts.
Charges:
| Particulars | Twelve months product | Six months product |
|---|---|---|
| Processing Fees | 1.0% of loan amount | 1.0% of loan amount |
| Foreclosure charges | 1%, If a/c is closed within 11 months | 1%, If a/c is closed within 5 months |
| NIL, If a/c is closed after 11 months | NIL, If a/c is closed after 5 months | |
| Gold OD - 1% of the facility amount, if the facility is prepaid within 11 months or post 30 days of auto-renewal. | NA | |
| Valuation Charges | For loans:
|
|
| Top Up Charges | 1% of Top Up amount* *Subject to minimum of Rs. 250 |
|
| Documentation Charges* | Rs 199 | |
| Renewal Fees | For loans:
|
|
| Stamp Duty and other statutory charges | As per Applicable laws of the State | |
| Overdue Handling Charges (delinquent accounts) |
|
|
Notes:
GST, TDS, other government taxes, stamp duty, levies, etc. as per prevailing rate will be charged over and above these charges. The above fees will not be applicable for agricultural loans upto ? 25,000 per customer.
*Applicable for flexi Gold Loan product.
Annual Percentage Rate:
The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and processing fee.
The APR calculator does not include charges like stamp duty, Prepayment charges etc.
To calculate the same, please click here to download the APR calculator.
* Terms and Condition apply
Personal Loan
Attractive Rate of Interest starting from 11.25% p.a
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