Last Updated On : 2019-09-07
Interest Rate | Min | Max | Gst | Terms | Example |
---|---|---|---|---|---|
Activation fees (Card) | 0 | 3,000 | Additional | Based on customer profile | Rs 300 + GST as applicable on Rs 10,000 credit limit |
Processing Fees (Card) | 0% | 8% | Additional | Based on customer repayment behaviour & profile | Rs 60 + GST as applicable on every Rs 2000 of credit amount available on card at 3%. |
Cash/Cheque Collection Fees | 0 | 1000 | Additional | Based on customer preference & logistics | Rs 100 + GST as applicable in case cash collection requested by customer |
Payment Bounce fees | 0 | 1000 | Additional | Based on customer profile | Rs 100 + GST as applicable in case customer is late more than 2 days |
Overdue Recovery Fees | 0 | 1000 | Additional | Based on customer promise to pay | Rs 500 + GST as applicable in case customer for repeated delinquencies |
ATM Cash Withdrawal Fees | 2% | 2% | Additional | Minimum transaction - Rs 1000 | Rs 20 + GST as applicable in case customer withdraws Rs 1000 |
Interest Rate | 0% | 10% | Additional | Based on customer profile | Rs 360 interest per month on Rs 10000 utilized at 3% per month |