Schedule of Charges for Dealer Financing
We believe in complete transparency. Here’s a clear breakdown of all applicable charges.
| Types of Fee | Applicable Charges |
|---|---|
| Onboarding Fee | Up to 1.0% of the sanctioned limit + 18% GST A one-time fee for setting up the credit line. |
| Interest on Utilized Amount | 24% per annum Calculated daily on the outstanding balance. |
| Penal Interest for Overdue | 3% per month on the overdue amount Applicable for delays in repayment. |
| Processing Fee per Tranche | 0.5% on each disbursal amount or ₹500 below ₹1 lakh A small fee for each time funds are drawn. |
Please Note: All charges mentioned are exclusive of applicable taxes. For the most accurate and personalized information, please refer to your official loan agreement.
