Daily charges on late payment are as defined below or 30% of outstanding, whichever is lower (Max: Rs 3000/-)
|
Principal Outstanding Amount |
Per day charges |
|
Rs.0 to Rs.500 |
Rs.0 |
|
Rs.500 to Rs.2000 |
Rs.15 |
|
Rs.2000 to Rs.10,000 |
Rs.40 |
|
Rs.10,000 to Rs.25,000 |
Rs.100 |
|
More than Rs.25,000 |
Rs. 150 |
Extra interest: Interest charges on the overdue principal amount.
Note: All charges are inclusive of GST.