- Processing Fee:
Processing fees, inclusive of GST, are based on the applicable loan amount and scheme:
Loan amount Processing fee (including GST) Up to Rs. 99,999 Rs.30 Rs. 1 lakh–Rs. 1.99 Lakh Rs.50 Rs. 2 lakh–Rs. 2.99 Lakh Rs.100 Rs. 3 lakh–Rs. 3.99 Lakh Rs.150 Rs. 4 lakh–Rs. 4.99 Lakh Rs.200 Above Rs. 5 Lakh Rs.300 - APR (Annual Percentage Rate)
The Annual Percentage Rate (APR) ranges up to 28.00% per annum.
- Auction charges :
The auction charges are:
Particulars Charge Printing and stationery Rs. 6 Advertisement Charges Rs. 170 Transportation Rs. 50 Insurance Rs. 30 Auctioneer charges Rs. 45 Postage Rs. 80 Sorting and other auction-related work Rs. 160 Total (inclusive of tax) Rs. 541 - Income Generating Loans & EMI Gold Loans
Type of Charge Scheme Details Processing Charge Quarterly Interest (QII) 0.05% to 0.25% of the loan amount (including GST) CGL-EMI 0.10% of the loan amount with a minimum of Rs. 25 and maximum of Rs. 500 (including GST) IGL-EMI 0.10% of the loan amount with a minimum of Rs. 25 and maximum of Rs. 500 (including GST) Penal Charges (on overdue amount) Quarterly Interest (QII) 3% p.a. including GST CGL-EMI 18% p.a. including GST IGL-EMI 18% p.a. including GST EMI Bounce Charge Quarterly Interest (QII) No Bounce Charge CGL-EMI Rs. 150/- per Instance IGL-EMI Rs. 150/- per Instance Pre-Closure Charge Quarterly Interest (QII) Pre-closure charge will be 0.1% on the outstanding loan balance plus applicable GST. CGL-EMI No Pre-closure Charges IGL-EMI Pre-closure charge will be 0.1% on the outstanding loan balance plus applicable GST.
The maximum processing fee may be capped at Rs. 300.