Borrower Assistance Fees
| Sl. | Particulars | Fees and Charges | ||
|---|---|---|---|---|
| Personal Loan | Business Loan | Consumer Loan | ||
| 1 | Borrower Registration | RS. 500 plus GST | RS. 500 plus GST | RS. 500 plus GST |
| 2 | Loan processing charges | 4% of Loan Amount plus GST or Rs. 1000 whichever is higher. | 4% of Loan Amount plus GST or Rs. 1000 whichever is higher. | 4% of Loan Amount plus GST or Rs. 1000 whichever is higher. |
| 3 | Usage Service Charge in case of Prepayment/ Foreclosure | Rs. 500/- per Loan Prepaid | Rs. 500/- per Loan Prepaid | Rs. 500/- per Loan Prepaid |
| 4 | Payment delay charges | Rs. 500/- for every instance of failure to pay EMI on due date. | Rs. 500/- for every instance of failure to pay EMI on due date. | Rs. 500/- for every instance of failure to pay EMI on due date. |
Lender Assistance Fees
| Sl. | Particulars | Fees and Charges | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lender Enrolment | Rs. 500 plus GST | |||||||||||
| 2 | Loan Administration Charges | Loan Administration Charges (calculated for each loan separately) is payable by the Lender on an annual basis as a percentage of the principal loan amount (subject to a minimum of Rs. 1000/- per annum per Lender) according to the following schedule. Loan Administration Charges is payable before disbursement of the Loan and at annual interval (in advance) thereafter. Loan Administration Charge is payable for the full year even if the Loan is fully repaid mid of the year. | |||||||||||
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| 3 | Loan Recovery Charges | Reimbursement of expenses and other charges as communicated by Antworks P2P Financing and 5.0% of the Recovery Amount | |||||||||||