1. Principles
- Interest rates are annualised and disclosed upfront.
- Pricing is risk-based and non-discriminatory.
- All costs are captured in a single all-inclusive Annual Percentage Rate (APR) shown in the KFS.
- No charge outside the KFS is ever levied.
2. Factors considered in pricing
- Cost of funds, including borrowing cost and liquidity premium.
- Operating cost of origination, underwriting and servicing.
- Credit risk of the borrower, assessed using bureau data, income stability and repayment history.
- Tenure and ticket size of the loan.
- Expected credit loss and a reasonable return on capital.
3. Taplend personal loan — current pricing
- Interest rate: 36% per annum.
- Processing fee: up to 10% of the loan amount + GST.
- Risk assessment fee: 2% of the loan amount + GST.
- Document signing fee: ₹25.
- Annual Percentage Rate (APR): up to 75.99%.
- Prepayment / foreclosure charges: Nil.
4. APR computation
APR is the annualised effective cost of credit, inclusive of interest and all fees and charges payable by the borrower, computed in the manner prescribed by RBI for Key Fact Statements. Third-party pass-through charges, if any, are disclosed separately in the KFS.
5. Penal charges
Penal charges, if applicable, are disclosed in the KFS, levied as fixed charges proportionate to the non-compliance, not capitalised and not compounded.
6. Communication of changes
Any revision in the interest rate model or schedule of charges is approved by the Board, published on this website and applied only prospectively.