LAP Rates & Charges

Interest Rates: Interest rates start from 13% per annum and vary based on credit score, property type, loan amount, and tenure. Final rates are determined after credit assessment.

Processing Fee: A processing fee of 1% to 2% of the loan amount is applicable, subject to a minimum of ₹25,000.

Foreclosure / Part payment Charges: Foreclosure/Part payment Charges are 4% of principal outstanding plus GST as applicable

Late Payment Charges: Late payment penalty of 2% per month on overdue amount.

Legal & Technical Charges: Actual charges as applicable for legal opinion and technical evaluation.

Stamp Duty & Registration: As per state government regulations. To be borne by the borrower.

Cheque Bounce Charges: ₹1000 per instance or as per bank charges, whichever is higher.

Statement Charges: Email statement: Free of charge.

Documentation / Legal Fees / Cersai Charges: Actual charges as applicable.

Insurance Charges: 1% of loan amount towards life and accidental policy of the borrower.

*All charges are subject to applicable taxes (GST). Charges may vary and are subject to change without prior notice. The final charges will be communicated at the time of sanction.