Lender Charges & Fees
The one-time registration fee while onboarding a lender is ₹ 500.
The fees is payable any time after onboarding but before committing funds for a loan. It is recovered from the first top-by to the lender wallet.
*Government Taxes as applicable and all Rates & Fees are subject to changes.
On every top-up of the lender wallet, a fee equivalent to 1% of the amount added to the wallet.
For the first year of operations, this fees is waived of, and instead a Loan Servicing Fee is charged on every repayment by borrower of the loan amount funded by a lender.
*Government Taxes as applicable and all Rates & Fees are subject to changes.
Out of every repayment done by a borrower towards the loan taken, a Loan Servicing Fee equivalent to 1% of the amount payable (Principal + Interest) to a lender is charged.
*Government Taxes as applicable and all Rates & Fees are subject to changes.
Bank account change – ₹ 125
Withdrawing committed funds to a loan in the marketplace – ₹ 250 (currently waived)
*Government Taxes as applicable and all Rates & Fees are subject to changes.