Interest Rate Policy (As per RBI Directions)

Objective The Interest Rate Policy defines the methodology for determining interest rates and charges in a transparent and non-discriminatory manner, in compliance with RBI guidelines.

Interest Rate Determination

• Interest rates shall be decided based on:
• • Cost of funds
• • Credit risk profile of the borrower
• • Loan amount and tenure
• • Operating costs
• • Market conditions

Transparency & Disclosure

• Interest rate, processing fees, penal charges, and other applicable charges shall be disclosed to the borrower prior to loan sanction.
• Any change in interest rate or charges shall be communicated as per applicable terms.

Penal Charges

Penal charges, if any, shall be reasonable, transparent, and in accordance with RBI instructions.