Rates & Charges - Business Loan

Fatafatfinance Business Loans ensure that your finance needs are met promptly and that your can focus on business growth without worrying for day-to-day business expense needs. Fatafatfinance Business Loans are available at attractive rates and the documentation requirement is minimum. Here’s a glance at the charges levied upon your SME Loan: As per your finance requirement.

• Rate of Interest : 16 to 30% p.a.
• Loan Processing Charges : Upto 3% of Sanctioned Amount + GST
• Cheque / ACH Return Charges : ₹ 500/- + GST per instance
• Cheque / ACH Swapping Charges Duplicate No-dues Certificate : ₹ 500/- + GST per instance
• Duplicate Statement / Amortisation / Repayment Schedule/ Agreement/ Sanction Letter ₹ 200/- + GST per instance
• Penal Interest : 24% p.a.
• Prepayment / Foreclosure (01-06 months of EMI Repayment) : 7% + GST* (Approval required)
• Prepayment / Foreclosure (07-24 months of EMI Repayment) : 5% + GST*
• Prepayment / Foreclosure (more than 24 months of EMI Repayment) : 4% + GST*
• Loan Cancellation : Interest will be charged for the Interim period between date of Disbursement & date of loan cancellation