Schedule of Charges

Schedule of Interest Rates, Processing Fees and other Charges: Personal Loan Product. Kaynet Financial Services Private Limited through its digital lending partners, offers attractive interest rates on short-term personal loans that can help customers to meet the immediate need of financial requirements. With Kaynet Financial Services Private Limited, you do not have to worry about any hidden fees or charges. Here are more details on the personal loan interest rates and charges:

Last updated: 31 March 2025 Kaynet Financial Services Private Limited

Official Board-Approved Document

Approved by the Board of Directors on 31 March 2025

1. Schedule of Interest Rates, Processing Fees and Other Charges

1. Annualized Rate of Interest: 24% p.a. – 36% p.a.
2. Processing Fees: 2% – 10% of the principal amount.
3. Credit Risk Assessment Fees: 2% of the principal amount.
4. Loan Document Signing Fees: Flat INR 25 for each successful disbursed loan.
5. UPI E-Mandate / NACH / ECS Dishonor Charges (INR): 100.
6. Late Payment Penalty: As per Table-A given below.
7. Stamp duty charges for loan Documentation: NIL.
8. Prepayment / Loan Foreclosure Charges: Interest on the repayment amount shall be charged for the remaining days.
9. Loan Cancellation Charges: NIL.

2. Table-A: Late Payment Penalty

Penal Interest (First Overdue Day): 2% of Principal Overdue.
Penal Interest (Second Overdue Day And Onwards): 0.2% per day of Principal Overdue.
Overdue Interest: Overdue Interest at an annualized interest rate of 24–36% p.a. will be applicable per day on principal overdue.

3. Notes & Regulatory Disclosures

1. Unless stated otherwise, all charges are exclusive of GST and other applicable taxes.
2. The above interest rates and Processing fees defines the range. Individual offer vary subject to assessment arrived as per interest gradation risk of the Company.
3. All actual rates and charges shall be informed to the customers via Sanction Letter (Key Fact Statement).
4. Zero Advance Fee Guarantee: Kaynet Financial Services does not charge any upfront fee, processing deposit, registration fee or security advance prior to loan sanction and disbursement. All legitimate fees are disclosed in the Key Fact Statement (KFS) and deducted from the sanctioned amount upon disbursement.

4. Key Fact Statement (KFS) & APR Disclosures

In compliance with RBI Guidelines on Digital Lending, every borrower receives a standardized Key Fact Statement (KFS) prior to executing the loan agreement. The KFS details the all-inclusive Annual Percentage Rate (APR), detailed breakup of fees, net disbursal amount and exact EMI repayment dates.

5. Prospective Application of Changes

Any change to interest rates, processing fees or other charges is approved by the Board of Directors, published on this website and applied only prospectively to new loan agreements.