Rates and Terms

RATES & TERMS CHARGED BY LENDER

Minimum Loan Amount

INR 500

Maximum Loan Amount

INR 30,000

Rate of Interest

1.7% per day (Annualized rate of interest 620.5%)

Processing Fee

12.5% from approved amount plus applicable GST

Auto-Debit Fee (On bank side)

Varies from bank to bank

Bounce Fee (one-time fee)

MIN (Loan amount disbursed)	MAX (Loan amount disbursed)	BOUNCE FEE	BOUNCE FEE (WITH GST)
2,500	5,000	100	118
5,001	10,000	200	236
10,001	15,000	300	354
15,001	20,000	400	472
20,001	25,000	500	590
25,001	30,000	600	708

Late Payment Fee (per day)

MIN (Principal Outstanding)	MAX (Principal Outstanding)	LATE PAYMENT FEE	LATE PAYMENT FEE (WITH GST)
1	5,000	20	24
5,001	10,000	40	47
10,001	15,000	60	71
15,001	20,000	80	94
20,001	25,000	100	118
25,001	30,000	120	142

Loan Foreclosure / Pre-Payment Charges

The borrower can foreclose the digital loan by paying the principal and the proportional interest* without any penalty, along with a one-time processing fee.

* Interest will be charged on a daily basis.
! The exact amount can be clarified by contacting the contact center. It will be up to date on the day of the request and receipt of a response.

Additionally, please NOTE,
1. Daily Interest Rate will only be charged during the term of the loan as agreed at the time of loan origination.
2. Applicable Late Payment Fee will only be charged on the Principal Outstanding as of Loan repayment date.
3. If the customer is unable to make the payment on due date, customer would be given 2 days of grace period to make the payment, post which customer would be charged Late Payment fee daily for a maximum of 30 days post the grace period expires.
4. No Late Payment Fee will be charged during the Grace period.
5. If the customer makes the payment on the dues date or does not make the payment on the due date, necessary reporting of loan status will be done to all applicable Credit Bureaus as per the True status of the loan.
6. Principal and Interest paid by the customer on the loan originated, is paid to Navin Brothers (P) Ltd (Navin Bros. Pvt. Ltd.)
7. Processing fee (plus appliable GST) paid on the loan by customer, is paid to Navin Brothers (P) Ltd (Navin Bros. Pvt. Ltd.)
8. Late Payment Fee (plus appliable GST) if applicable, paid on the loan by customer, is paid to Navin Brothers (P) Ltd (Navin Bros. Pvt. Ltd.)
9. Bounce Fee (plus appliable GST) if applicable, paid on the loan by customer, is paid to Navin Brothers (P) Ltd (Navin Bros. Pvt. Ltd.)
10. To avoid auto debit fees from the bank, you need to ensure that you have sufficient funds in your bank account on the due date, or make alternative arrangements with the bank in the event of a delay.

Repayment received (Partial or Complete) will be applied as per the below process,
1. Interest
2. Bounce Fee, Bounce Fee GST
3. Late payment fee, Late payment fee GST
4. Processing fee, Processing fee GST
5. Principal