|Type of Charge||Charge % / INR|
|Processing fee||Upto Rs.3000 as per loan amount|
|Loan foreclosure/pre-payment charges||Rs. 0 per request|
|Rate of Interest||Not exceed 33% p.a|
|Bounce charges||Rs. 0 per request|
|Late Payment penalty||0% per day(Moratorium period)|
|Stamp duty charges for loan documentation||As per applicable laws|
|Boost Protect Fee||Upto 3% per request but will be waived-off as our offer policy|
|Duplicate NOC||Rs. 0 per request|
|Repayment mandate/instrument swapping charges||Rs. 0 per request|
|Loan Cancellation Charges||Rs. 0 per request|
|Loan Re booking charges||Rs. 0 per request|
|Statement of account charges||Rs. 0 per request|
|Duplicate Repayment Schedule||Rs. 0 per request|
|Bounce Charges (For Self Employed)||Rs. 0 per request|
|Membership Fee||For Primary Membership:
1 month: Rs.120
3 month: Rs.250
For senior Membership:
3 month: Rs.300
6 month: Rs.600
1. What are the types of rate of interests offered?
Fixed rate of interest is the only type of rate of interest that will be offered for all CashBean applications.
2. How is the interest charged/ calculated?
Interest is calculated at annual rates using a reducing balance method. We consider a 360 day year for interest calculations.