Details about Additional Contingent Charges payable as Given below:
[These Charges arise only in the event of Default committed in Repayment, otherwise does not arise at all- regular repayment made will relieve the borrower from paying all these charges-ALSO SEE KFS ANNEXURE A and B]

A] Fixed Penalty for default in repayment of any EMI on its due date shown in annexure 1 [Not to be capitalized for charging interest on it]:10% of the defaulted EMI amount in each case of EMI defaults plus applicable GST on it. [We, in our sole discretion offer a concession in the form of a grace period of 3 days for repayment of EMI -for the last 3 EMIs] This is exclusive of actual ENACH bounce charges applicable on bounces

B] interest for delayed payments: No overdue or penal interest is charged by us in strict compliance with extant RBI revised guidelines. Permitted penalty only is charged as shown in [A] above. The fixed penalty in [A] is a penal charge, not penal interest. It is not added to the loan principal, and no interest is charged on it. If an EMI is not paid on its due date, the unpaid EMI amount continues to carry interest at your contracted loan rate only for the actual number of days it remains unpaid, until it is paid. All such charges are disclosed in the KFS and are in line with RBI guidelines (RBI circulars dated 18 August 2023 and 29 December 2023, and the clarifications of 15 January 2024).

C] If loan is not closed on the expiry of loan tenure, thereafter contracted rate of interest is no longer applicable, any loan outstanding [total defaulted balance] will attract interest @3% per month, as disclosed in the KFS and in line with RBI guidelines, till the loan is fully closed but without prejudices for initiating recovery action deemed fit by us.

D] Bounce charges on ENACH mandate / Cheque: per instance of ENACH bounce Rupees. 900/- and Rupees. 1000/- cheque bounce plus 18% GST on it.

E] Regd. Notice charges [a] Issued demanding of defaulted amounts [b] ENACH/ /cheque Bounce notice under Section 138 of N.I.Act .
Each demand notice Rupees. 500/-plus applicable GST, ENACH or CHEQUE bounce notice issued under Section 138 of N.I. Act. Rupees. 1500/-plus applicable GST. [Notice to co borrowers if sent, charges extra]