1 Loan amount Up to 15 Lacs

2 Loan term Up to 5 years

3 Interest type Fixed
Interest chargeable (In case of Fixed
4 Rate Loans) As approved/selected
5 Date of reset of interest NA
Mode of communication of changes in
6 interest rates NA
7.a Processing Fee up to 2.5% of loan amount

Foreclosure of loan can only be done after completion of 6 months

from date of disbursement.

Foreclosure Charges will be collected on the

Loan Principal outstanding + GST as
Loan Tenure applicable
7-12 months 4.50%
13-24 months 4.50%
25-36 months 2.50%
7.b Foreclosure Charges >36 months 2.00%

Partial pre-payment of loan can only be done after completion of 6

months from date of disbursement subject to maximum 2 pre-
payments in a year.

Pre-Payment Charges will be collected on

the Loan Principal outstanding + GST as
Loan Tenure applicable
7-12 months 4.50%
13-24 months 4.50%
25-36 months 2.50%
>36 months 2.00%

7.c Part pre-payment Charges

Loan cancellation can be done during the free look period of 3 days
within the disbursal of the loan. Post which cancellation is not
allowed.
There are no cancellation charges.
However, processing Fee + applicable taxes collected earlier will not
7.d Loan Cancellation Charges be refunded.
7.e Dishonor of Standing Instruction Rs. 600/- per instance + GST as applicable
3% per annum on the overdue EMI will be charged for the defaulted
period and the same is payable on Monthly basis on EMI due date.
7.f Penal Charges Overdue EMI = Principal + Interest
 Fee refundable if loan not
7.g sanctioned/disbursed Not Applicable
Conversion charges for switching from
7.h floating to fixed interest and vice-versa Not Applicable
8.a EMI payable As approved/selected
8.b Nos. of Instalments up to 60 months
9 Details of security/collateral obtained Not Applicable
Date on which annual outstanding By 30th April for each year the statements can be downloaded from
10 balance statement will be issued the Digi bank mobile application