RBI-registered NBFC · CoR B-10.00243 · CIN U65993RJ2015PTC048754
Non-deposit taking. Not valid for accepting public deposits.
Board-approved
Under the Fair Practices Code and Scale Based Regulation, the Board has adopted an interest-rate model that considers cost of funds, operating cost, risk premium and a reasonable margin. Rates are annualised. Changes apply only prospectively.
| Product | Ticket | Tenure | Rate p.a. | Processing | Notes |
|---|---|---|---|---|---|
| Loan Against Property | ₹10,00,000 – ₹5,00,00,000 | 24–60 mo | 24% | 1% | fixed |
| Personal Loan | ₹1,00,000 – ₹25,00,000 | 12–60 mo | 24%* | 1% | fixed |
| Business Loan | ₹5,00,000 – ₹2,00,00,000 | 12–60 mo | 24%* | 1% | fixed |
* Personal and business rates are illustrative. Final rate follows risk gradation (bureau, leverage, security, vintage) and is stated on the sanctioned KFS. Mortgage is presently originated at 24% p.a. as a board-approved product rate.
Borrowers in the same product may be charged different rates where credit history, income stability, LTV, collateral enforceability or geography justify a premium or a concession. The rationale is recorded on the credit paper and disclosed to the borrower in the sanction letter.
The Key Fact Statement states Annual Percentage Rate, which includes interest and known up-front fees (processing) on the net amount disbursed. GST on fees, if applicable, is extra and shown separately. Interest is charged only from the date of actual credit to the borrower’s account. Valuation, legal, stamp and CERSAI are at actuals and appear on the sanctioned KFS.
Related: Penal charges policy · Fair practices code · Digital lending · Sample KFS · GRO Anil Kumar Agarwal