Interest Rates / Service Charges

Repayment Flexibility

Extension Facility: Borrowers can avail 2 extensions of 30 days each if unable to repay on or before the due date by paying the following upfront charges

Upfront charges per extension

Extension number	Charge
01	8.75% + GST on the loan amount.
02	9% + GST on the loan amount.

Product

Processing Fee: One-time upfront deduction of 8% + GST from the loan amount.
Annual Percentage Rate (APR): 113.28%
Penal Charges: Penal Charges consist of default service charges and daily late fees.
Default Service Charge: 8% + GST on loan amount added to the loan amount on DPD 1 and added every 31st DPD thereafter.

Charges applicable after due date