• Personal Loan

    Interest

    Effective for loan sanctioned w.e.f 01-04-2024

    Interest:

    We give loans to our customers through a fixed rate loan. The products offered by us and the interest rate charged on different products are as follows:

    Loans with tenure of 6 months and higher – Up to 36%

    Loans with tenure of less than 6 months – Up to 45%

    Schedule of Charges

    Effective for loan sanctioned w.e.f 01-04-2024

    Processing Fees:

    We charge processing fee of up to 6% of the loan amount depending upon the tenure of the loan (plus applicable taxes). We do not charge any other fees/charges on processing of the loan. All fees and charges recovered are expressly stated in the loan documents.

    Penal Charges:

    The late payment charges are as follows:

    Bounce Charges (One-time fee) of Rs. 750 + Applicable Taxes per EMI per instance of default and the same is payable apart from payment of applicable Daily Penal charges

    Daily Penal Charges for continuing default in repayment of EMI @ 0.2% + Applicable Taxes of the overdue principal amount

    Important Note:

    Bounce Charges & Daily Penal Charges will be applied if the EMI repayment is done after the scheduled due date or if otherwise applicable as per the terms of the Financing Document (collectively referred to as “Overdue Penalty Charges”).

    Other Contingent charges:

    Foreclosure Charges

    If the loan is closed within cooling off period, then no foreclosure charges will be levied. If the loan is closed after cooling off period, then the borrower shall be levied foreclosure charges as per the foreclosure charges levied by the loan financier. If your loan is financed by our NBFC “SiCreva Capital Services Private Limited.” then foreclosure charges @ 4% + Applicable Taxes on the amount foreclosed will be levied.

  • Loan Against Property

    • INTEREST

      We extend fixed-rate loans to our customers. The interest rates for loans against property range from 18% to 36% per annum (p.a.).

    • SCHEDULE OF CHARGES
      • Processing Fees: A processing fee of 2% to 5% (plus applicable taxes) of the loan amount shall be charged. All fees and charges related to the loan processing will be explicitly outlined in the loan documentation.
      • Part Prepayment Charges: Part prepayment prior to the servicing of six (6) EMIs is prohibited. Following the servicing of six (6) EMIs, a fee of up to 3% (plus applicable taxes) will apply to the principal amount prepaid.
      • Foreclosure Charges: Foreclosure prior to the servicing of twelve (12) EMIs is prohibited. After servicing twelve (12) EMIs, a charge of up to 7% (plus applicable taxes) will be levied on the amount prepaid for full repayment of the loan.
      • Application Fees (Initial Money Deposit): A fee of up to INR 3,000 plus applicable taxes will apply.
      • Legal and Technical Charges: Charges up to INR 4,000 plus applicable taxes.
    • PENAL CHARGES
      • Bounce Charges (One-Time Penalty): A penalty of up to INR 1,500 shall be applied for each instance of a bounced payment.
      • Per Day Penalty: A daily penalty of up to 0.2% of the overdue principal (plus applicable taxes) will apply, with a maximum cap of 50% of the overdue principal amount on the loan.

At Si Creva, we care deeply about the safety and well-being of our customers. Our collection processes follow RBI guidelines and reflect our values of empathy and courtesy.

These are our 7 rules of Customer Care:

1. We do not contact customers via any private or personal 10-digit mobile number on WhatsApp or SMS.

2. We do not contact customers for payment collection reminders from personal mobile numbers, foreign numbers or Internet Based VOIP calls. Our team always calls you from registered landline numbers.

3. We never ask customers to make payments into personal or private bank accounts. Payments are only collected on our website or the app.

4. All our calls are monitored and recorded. Our agents never use threats or abusive language.

5. We never ask for commission or cutbacks on payments of dues.

6. Our App does not seek permission to access your Contacts List or any other private data.

7. We never call your friends or relatives for repayment of your loan as we do not store your personal information.

In case you have faced any of the above-mentioned situations, do this:

1. Report and Block the number. It could be fraudulent.

2. Write to care@kissht.com / care@paywithring.com OR call our customer care number on 02241434302 / 02068135496.

3. Share with us a screenshot or recording of the message or call.

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