Personal Loan - Rates & Charges
Empowering
Your Financial Goals: Fatafat Finance Personal Loans - Where Professionalism Meets
Possibilities.
Fatafat Finance provides personal loans with attractive interest rates and clear fee structures, ensuring a convenient borrowing experience. The personal loan interest rates are competitive and vary based on the applicant's creditworthiness. Fatafat Finance maintains transparency by outlining all associated charges upfront, including processing fees and any potential prepayment penalties. This customer-centric approach establishes Fatafat Finance as a trustworthy option for individuals in need of a personal loan, as they prioritize affordability and openness throughout the lending process.
Personal Loan: Fees & Charges
Alongside interest rates, personal loans may involve additional fees and charges that borrowers should be aware of. These costs can vary based on factors like the lender's policies, loan amount, and duration. It's essential to thoroughly review a loan offer to understand potential fees such as processing fees, prepayment penalties, late payment charges, and more. Being informed about these fees helps borrowers make financially sound decisions and compare loan options effectively."
Navigating Personal Loan Charges: Unveiling the Financial Landscape with Fatafat Finance
| Type of Fee | Aplicable Charges |
|---|---|
| Interest Rate | 15 to 18% p.a. |
| Processing Fees | Upto 2% of Sanctioned Amount + GST |
| Prepayment or Foreclosure Charges | UPTO 4% + GST* (Approval required) |
| Late Payment Fees | 2% per month |
| EMI Bounce Charges | ₹500 - ₹1000 per bounce plus applicable taxes |
| Loan Cancellation Charges | Interest will be charged for the Interim period between date of Disbursement & date of loan cancellation |
| Loan Tenure | 6 - 36 months |
Factor affecting Fee & Charges
There are multiple factors that can affect your personal loan interest rate. Lenders set interest rates based on their cost of funds and their assessment of the credit risk of their loan applicants. The following are some of the most important elements that can affect your personal loan interest rates:
Income and Repayment Capacity
Creditworthiness
Employment Type
Age and Eligibility
Relationship with the Lender
Loan Purpose