Schedule of Charges
Schedule of Charges (NRB FINANCE)
Effective Date: 29/08/2024
Company: NRB FINANCE, Rajkot – Gujarat
Email: coustmercare@nrbfinance.in
Schedule of Charges
| Particulars | Amount / % | Remarks |
|---|---|---|
| Loan Application Fee | 500 (Non-refundable) | Payable at the time of loan application |
| Minimum Loan Amount | 300 | As per Money Lender License |
| Maximum Loan Amount | 50,000 | As per Money Lender License |
| Interest Rate | 15% per annum (fixed) | Calculated on reducing balance |
| Loan Tenure | 1 month – 24 months | Fixed as per agreement |
| Collateral Charges | NIL (except actual expenses) | Vehicle, Gold, or Documents accepted as collateral |
| Processing Fees | As per loan type (if any) | Will be informed at sanction |
| Repayment Mode Charges | NIL | Cash / Bank Transfer / Cheque / UPI accepted |
| Cheque Bounce Charges | 750 per bounce | Payable immediately |
| Late Payment Penalty | ?500 per instance | Charged after due date |
| Prepayment / Foreclosure Charges | NIL | No penalty on early closure |
| Settlement Processing Fee | ?500 | Applicable on special settlement offers |
| Wallet Transaction Charges | NIL | ( Wallet T&C) |
| Coupon Usage | NIL | ( Coupon T&C) |
| Refer & Earn Reward Credit | NIL | (Refer & Earn Offer T&C) |
| Data Retrieval Charges | 200 per request | For duplicate statement / loan history |
| KYC Re-verification Charges | NIL | (Refer Page 06 – KYC T&C) |
Important Notes
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All charges are exclusive of applicable taxes (if any).
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NRB FINANCE reserves the right to revise the charges at any time, with prior notice to borrowers.
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Any Government/Statutory charges (Stamp duty, Court fees, etc.) will be charged at actuals.
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All disputes subject to Rajkot, Gujarat jurisdiction only.
The Applicant/Customer confirms that he/she has read and understood the terms and conditions of this Policy/Agreement. In case of any difficulty in understanding the contents, the Applicant/Customer shall immediately contact NRB FINANCE during the loan application process for necessary clarification. NRB FINANCE shall not be held liable for any misunderstanding if the Applicant/Customer fails to seek clarification before proceeding with the loan process.