Digital Subsequent Personal Loan

• Minimum: (at the time of application)
• Maximum age at the end of tenor: 58 Years

• Minimum: Rs. 50,000/-
• Maximum: Rs. 20,00,000/-

• Minimum: 21 years (at the time of application)
• Maximum age at the end of tenor: 58 Years

• NIL for loan accounts with floating rate option.
• For accounts with fixed rate of interest the same guidelines/conditions as applicable for regular personal loans for Gold category will be applicable.
• (@3.00% + GST on amount pre-paid during the first 3 years of loan period).

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.