Digital Personal Loan Balance Transfer

The following pricing will be offered for both Transfer & Transfer + Top-up option.

• Minimum: Rs. 51,000/-
• Maximum: Rs. 20,00,000/-

• Minimum: 21 Years
• Maximum: 58 Years (at the end of tenor).

NOTE: Penal charges are to be applied solely to overdue payments (instalments and/or interest/service charges etc.), for the period they remain unpaid beyond their due date. Penal charges will be calculated based on the actual number of days of default but will be debited on a monthly basis.

a. Penal Charges @ 2% p.a. will be charged on the outstanding balance of credit facipties of borrower for the default period for following nature of non-comppance:

b. Non-Submission of documents as per sanction terms

c. Non-comppance in security perfection as per sanction terms.

d. Any other breaches/ non-comppance in material terms of sanction.

• Penal charges will be applied on a monthly basis and calculated for the actual period of non-compliance.
• If penal charges remain uncollected in respect of Non-Performing Asset (NPA) accounts, penal charges shall be reversed to the extent it remains uncollected for the specific purpose of non-recognition of income. However, the same shall be part of the total liability of the borrower to the Bank.
• Penal charges shall not exceed 4% of the outstanding balance of credit facilities of borrower, irrespective of the number of non-compliance instances. Additional penal charges will not be levied on the earlier outstanding amount of penal charges.

• Any prepayment of EMIs in full or part and closure of the account before the end of the term will attract the prepayment charges of 3%+GST on the prepaid amount after paying one EMI. No prepayment charges after 36 months or the account is closed from the proceeds of a new loan account (under personal loan scheme) availed from our Bank or the demise of the borrower.