Business Loan - Rates & Charges
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. Here’s a glance at the charges levied upon your A Small and Medium-sized Enterprise (SME) Loan: As per your finance requirement.
Business Loan: Fees & Charges
Read the fees and charges in detail before applying for our business loan.
| Type of Fee | Aplicable Charges |
|---|---|
| Rate of Interest : | 15 to 18% p.a. |
| Loan Processing Charges : | Upto 2% of Sanctioned Amount + GST |
| Cheque / ACH Return Charges : | ₹ 500/- + GST per instance |
| Cheque / ACH Swapping Charges Duplicate No-dues Certificate : | ₹ 500/- + GST per instance |
| ForeClosure letter | ₹ 500/- + GST per instance |
| Penal Interest : | 3% p.m. on the overdue amount for the overdue period or Rs. 1000/- per day, whichever is higher |
| Prepayment / Foreclosure : | UPTO 4% + GST* (Approval required) |
| Loan Cancellation : | Interest will be charged for the Interim period between date of Disbursement & date of loan cancellation |
Factor affecting Fee & Charges
The fees and charges associated with business loans can vary based on several factors. These factors include:
Loan Amount, Term and Type
Business history
Credit score
Market conditions