Introduction
| Gold Loan | ||||||||
|---|---|---|---|---|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
Mark to Market (MTM) Charge |
Stamp Duty & other Statutory Charges*** |
Auction Charges$ |
Overdue Notice Charges$ (once in 90 days) |
SMS Charges |
Part-Payment Charges |
Fore-Closure Charges |
| Upto 2 % | 0.5% p.m. (6% p.a.) (inclusive of GST) |
₹ 500 (inclusive of GST) |
As per applicable laws of the State |
₹ 1500 (inclusive of GST) |
₹ 200 per Notice (inclusive of GST) |
5.9 per Quarter (inclusive of GST) |
NIL | NIL (Minimum of 7 days interest will be charged if loan is closed within 7 days) |
| BUSINESS LOAN | ||||||||
|---|---|---|---|---|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
NACH / E-Mandate Bounce Charges (per instance) |
Documentation Charges |
Bank Swapping Charges |
NeSL Reporting** |
Stamp Duty & other Statutory Charges*** |
Foreclosure charges* |
Cooling off period**** |
| Upto 5% | 2% p.m. (24% p.a.) | Up to ₹ 2500 | Up to ₹ 4500 | ₹ 500 | As Applicable | As per applicable laws of the State |
0-6 Months- 7%, 7-24 Months- 5%, >24 Months-4% |
7 Days |
| PERSONAL LOAN | ||||||
|---|---|---|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
NACH / E-Mandate Bounce Charges (per instance ) |
NeSL Reporting** |
Stamp Duty & other Statutory Charges*** |
Foreclosure Charges* |
Cooling off period**** |
| Upto 5% | 2% p.m. (24% p.a.) | ₹ 500 | As Applicable | As per applicable laws of the State |
Maximum – 7% | 7 Days |
Note: Personal Loan has been discontinued w.e.f. Feb 16, 2024. However, Employee Loan sourcing under the Personal Loan category is still allowed.
| DIGITAL FINANCE | ||||||||
|---|---|---|---|---|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
NACH / E-Mandate Bounce Charges (per instance) |
Documentation Charges |
Bank Swapping Charges |
NeSL Reporting** |
Stamp Duty & other Statutory Charges*** |
Foreclosure Charges* |
Cooling off period**** |
| Upto 5 % | 2% p.m. (24% p.a.) | ₹ 500 | Nil | ₹ 500 | As per applicable |
As per applicable laws of the State |
Nil | 7 Days |
Note: Digital Finance arrangement has been discontinued w.e.f. Sep 30, 2024 Currently, the arrangement with Xtracap continues to remains active as per existing terms.
| SUPPLY CHAIN FINANCE | ||||
|---|---|---|---|---|
| Processing Charges |
Stamp Duty & other Statutory Charges*** |
Penal / Default Charges # |
Cooling off period **** | NeSL Reporting ** |
| Upto 2% | As per applicable laws of the State |
2% p.m. (24% p.a.) | 7 Days | As Applicable |
| COMMERCIAL REAL ESTATE | |||
|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
Collateral Evaluation Charges |
Pre-Payment/ Foreclosure charges* |
| Upto 2% of the loan amount approved | 0.5% p.m. (6% p.a.) | As Actuals | Upto 4% |
| LOAN AGAINST SECURITIES | ||||
|---|---|---|---|---|
| Processing Charges |
Penal / Default Charges # |
NACH / E-Mandate Bounce Charges |
Stamp Duty & other Statutory Charges*** |
NeSL Reporting** |
| 0.25% to 1% | 2% p.m. (24% p.a.) |
As per actuals | As per applicable laws of the State |
As Applicable |
| LOAN AGAINST SECURITIES (DIGITAL) | |
|---|---|
| Fees / Charges | Fees / Charges (% / ₹) |
| Processing Fees | Upto 2% |
| Bounce Charges | Up to ₹ 2000/- (Per instance) |
| Foreclosure charges* | 5% of the amount paid by the customer towards foreclosure / part payment |
| Part-Payment charges | Nil |
| Annual Maintenance Charge | ₹ 999/- or 0.50% of the Limit whichever is higher |
| Pledge Creation Charges | ₹ 500/- |
| Pledge Revocation Charges | Up to ₹ 500/ |
| Pledge Revocation charges (without availing loan) | As per Actuals |
| Pledge Invocation Charges | Up to ₹ 2000/- |
| Legal Charges | As per Actuals |
| Collection Charges | Up to ₹ 5000/- |
| Penal / Default Charges | 2% p.m. (24% p.a.) |
| Cooling off Period**** | 7 days - No prepayment penalties apply during this period. If the loan is closed within the cooling‑off window, the processing fee remains non‑refundable. |
| NeSL Reporting** | As Applicable |
| Stamp Duty & other Statutory Charges*** | As per applicable laws of the state |
| SECURED BUSINESS LOAN | |
|---|---|
| Fees / Charges | Fees / Charges (% / ₹) |
| Processing Fees | up to 5% of the loan amount |
| IMD Charges1 (Initial Money Deposit) |
₹ 3,000 (non-refundable) |
| Nach / e-mandate bounce Charges (Header updated) |
₹ 2,500 |
| Penal / Default Charges2# | 2% p.m. (24% p.a) |
| Cancellation charges | ₹ 5,000 |
| Legal Charges | As per Actual |
| Stamp Duty | As per Actual |
| Foreclosure Charges |
|
| Part Payment Charges | Nil |
| Switch over facility (from Floating to Fixed and Fixed to Floating) |
Switch over not allowed (w.e.f October 01, 2025)5 |
| NeSL Reporting** | As Applicable |
| Cooling off period**** | 7 days |
- In case of disbursement, this charge will be adjusted towards Processing Fees
- Levied on principal outstanding. Penal charges will not be levied on the outstanding penal due amount.
- Provisions apply irrespective of the source of pre-payment/foreclosure and without any minimum lock-in period.
- Where pre-payment is effected at the instance of the Company, pre-payment charges shall not be levied.
- In accordance with para 2 (ii) of RBI Circular on ‘Reset of Floating Interest Rate on EMI based Personal Loans’ dated August 18, 2023 amended on September 29, 2025.
# levied on outstanding due amount. Outstanding due amount for this purpose includes the principal outstanding and Interest accrued. Penal charges will not be levied on the outstanding penal due amount
$ The combined levy of overdue notice charges and Auction charges will be capped at ₹ 1500 per customer loan account
*Subject to cooling Period. Charged on outstanding principal
** These charges shall be levied annually in accordance with the fee schedule provided by NESL and are subject to change by NESL.
*** Stamp Duty as per applicable laws of the state
****The borrower shall have the explicit option to exit the digital loan during the initial “cooling-off period” by repaying the principal along with the proportionate APR, without any penalty. In case the customer exits the loan during the cooling-off period, the Company may retain a reasonable one-time processing fee.
Note :- GST and other government taxes, levies, etc. applicable as per the prevailing rates will be charged in addition to these charges. (if applicable)