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Rate Of Interest & Other Charges

Section A - Rate of Interest, Processing Fees, Other Fees & Charges

Loan Product Name Rate of Interest Processing Fees Mandate Management Fees Stamp Duty Pre-Payment / Foreclosure Charges Delay Charges (Penal Charges) Bounce Charge (Per Instance) Duplicate NOC (Per Instance)
Unsecured Personal Loans Upto 30% Up to 5% Upto 500 Rs As per State law Up to 4% of Principal Outstanding Rs 25/- per day till delay continues Rs. 350/- INR 200/-
B2B2C Education Loans Program Upto 36% Up to 5% Upto 500 Rs As per State law Up to 4% of Principal Outstanding Rs 25/- per day till delay continues Rs. 350/- INR 200/-
Higher Education - Domestic Upto 25% Up to 5% Upto 500 Rs As per State law Up to 4% of Principal Outstanding Rs 25/- per day till delay continues Rs. 350/- INR 200/-
Higher Education – Abroad Upto 20% Up to 5% Upto 500 Rs As per State law Up to 4% of Principal Outstanding Rs 25/- per day till delay continues Rs. 350/- INR 200/-

Section B - Other Charges

S. No Type of Charge Edgro
1Application FeesNil
2Mandate Management FeesUpto Rs. 500
3Processing FeesUp to 5%
4Stamp DutyAs per State law
5NACH Mandate ChargeNil
6Mandate Rejection ChargesNil
7Pre-Payment ChargesUp to 4% of Principal Outstanding
8Delay Charges(Penal Charges)INR 25/- per day till delay continues
9Late Payment InterestSame as IRR (w.e.f 11-11-2025)
10Bounce Charge (Per Instance)INR 350/- (w.e.f. 01/10/2024)
11Cooling off Period15 Days
12Duplicate NOCINR 200/- per instance
13Cersai Fees (Per collateral)NA
14Document Retrieval / Maintenance ChargesINR 1000 (plus applicable taxes)
15Demand Draft / Pay order issuance chargesOn Actual basis (plus applicable taxes)
16Demand Draft Cancellation chargesINR 500 (plus applicable taxes)
17 Conversion Charges (Floating ↔ Fixed) Outstanding Balance:
> INR 25 Lakhs – INR 25,000 plus applicable taxes
> INR 10 Lakhs and ≤ INR 25 Lakhs – INR 15,000 plus applicable taxes
≤ INR 10 Lakhs – INR 7,500 plus applicable taxes
18Visiting Charges for Collection of Dues and Pre/Post disbursement documentsOn Actual basis
19Collection Pickup ChargesOn Actual basis
20Loan Recovery & Legal ChargesOn Actual basis
21Issuance of Loan Foreclosure letter / Statement of Account (More than once within three months)INR 300 for every individual request
22Cheque/ECS Swap ChargesNil
23Repayment Mandate Pickup Charges (per visit)Nil

Note: In Karnataka, the minimum amount of stamp duty that a buyer has to pay is ₹500. This is in accordance with Article 6 of the Karnataka Stamp Act, which states that a stamp duty of 0.1% is charged for a loan agreement.

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Edgro Finance Private Limited, No.1613 and 1614, 7th Cross, 19th Main, 1st Sector, HSR Layout, Bangalore – 560 102

Email Address: info@edgrofin.com
Corporate Identity Number (CIN). – U65929KA2022PTC160962
Phone Number: 7412812312
Weekly holiday and working hours: 2nd Saturday and all Sundays and 48 hours per week

EDGRO Finance Private Limited (“Company”) is a Non-Banking Financial Company (“NBFC”) registered with the Reserve Bank of India under the Section 45-IA of the Reserve Bank of India Act, 1934. (Registration number: N - 02.00357). In this regard, we request you to please note the following disclosure/ disclaimer:
A. Reserve Bank of India neither accepts any responsibility nor guarantees the present position as to the financial soundness of the Company or for the correctness of any of the statements or representations made or opinions expressed by the Company and for discharge of any liability by the Company.
B. Neither there is any provision in law to keep, nor does the Company keep any part of the deposits with the Reserve Bank of India and by issuing a Certificate of Registration to the Company, the Reserve Bank of India, neither accepts any responsibility nor guarantees the payment of deposits to any depositor or any person who has lent any sum to the Company.