Processing Fee & Interest FAQs

What does processing fee mean?
Processing fee is the fee charged for verification of your basic information and documents and getting the same approved by our credit team. The company inc...
Thu, 6 Jun, 2024 at 1:13 PM
Is the processing fee same for all types of products?
We charge processing fee of up to 6% of the loan amount depending upon the tenure of the loan (plus applicable taxes). The processing fee differs based on t...
Thu, 6 Jun, 2024 at 1:13 PM
There are many loan companies and everyone has a different processing fee. What is the reason for this difference?
Every company has a different cost attached to servicing customers based on the underwriting process they follow and the economies of scale available to the...
Thu, 6 Jun, 2024 at 1:14 PM
What is the rate of interest charged?
We offer loans to our customers at a fixed interest rate. The rate of interest applicable to the customer depends on several factors, including their credit...
Thu, 6 Jun, 2024 at 1:14 PM