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What are the late fee charges if my repayment gets delayed?`

The below charges are applicable:

  1. Late interest: it's charged on the total principal outstanding from the due date.
  2. Late Fee: it's charged on the total principal outstanding amount on a daily basis

    Principal Outstanding Amount

    Per day charges

    Rs.0 to Rs.500

    Rs.0

    Rs.501 to Rs.2000

    Rs.15

    Rs.2001 to Rs.10,000

    Rs.40

    Rs.10,001 to Rs.25,000

    Rs.100

    More than Rs.25,000 

    Rs. 150

Note: The late fee will be capped at 30% of the total outstanding principal amount or ₹ 3000/- (whichever is lower). All charges are inclusive of GST.

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