I. Interest Rate and Processing Fees Disclosure:
| Product | Rate of Interest Per Annum | Processing Fee Range (on Loan Amount) |
|---|---|---|
| Business loans/ Loan Against Property for Business Purpose | 16% p.a. to 20% p.a. | Upto 5% |
| Unsecured Personal loan | 26% p.a. | Upto 5% |
| Short Term Personal loans (Unsecured) | Upto 66% p.a. | 8% to 15% depending on loan amount |
| Special Rate of Interest Loans to HNI customers with the Board Approval in exceptional cases | 8% to 15% p.a. | Upto 3% |
Risk Gradation Approach:
The applicable rate of interest and processing fee may vary depending upon the borrower’s risk profile and overall credit assessment carried out by the Company. The Company follows a risk-based pricing approach considering various factors such as income level, employment stability, business standing, repayment capacity, past repayment track record, credit score, existing financial obligations, loan tenure, nature/value of security or collateral and other relevant risk parameters.
Accordingly, borrowers with higher perceived risk may attract higher rate of interest and processing fees, while borrowers with strong financial and credit profile may be offered comparatively lower rates and charges, subject to internal policies and approvals of the Company.