Rate & Fee

Loan Interest Rates & Charges

Enclosed below are Two Wheeler Loan Interest Rates & Charges. Here is the list of all the charges applicable to your Two Wheeler Loans.

Description of Charges	Two Wheeler Loans
Loan Processing Charges	Maximum – 3% of Loan Amount
Documentation Charges	Maximum – 3% of Loan Amount
Pre-payment charges	Within 4 months to 6 months from the 1st EMI – 10% of principal outstanding Within 7 months to 12 months from the 1st EMI – 6% of principal outstanding 13-24 months from 1st EMI – 5% of principal outstanding Post 24 months from 1st EMI – 3% of principal outstanding Prepayment is not allowed within three months of EMI repayment
No Due Certificate / No Objection Certificate (NOC)	Nil
Overdue EMI Interest	2.5% Per Month on the Unpaid Installment