• 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. 500 + GST 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% + GST 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 @ 2% + GST on the amount foreclosed will be levied.

  • Loan Against Property

    • Interest

      We give loans to our customers through a fixed rate loan. The Interest rates for Loan against Property offered by us is upto 24%”.

    • SCHEDULE OF CHARGES
      • Processing Fees: We charge processing fees of up to 3% of the loan amount depending on the tenure of the loan and the credit profile of the customer (plus applicable taxes). All the fees/charges on processing of the loan are expressly stated in loan documents.
      • Part prepayment charges: Up to 3% on the amount prepaid (plus applicable taxes).
      • Full prepayment charges: Up to 5% on the amount prepaid towards full repayment of the loan during the last one year from the final repayment date (plus applicable taxes).
      • Application fees (Initial money deposit): Up to 1,000 Rs plus applicable taxes
      • All fees and charges are explicitly stated in the loan documents.