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Fair Practice Code

Check Your Eligibility


Document Checklist:

  • Income proof document (For Salaried-last 3 months Pay Slip or 3 years Form-16, For others - Last 3 years ITR)
  • Address Proof
  • Photo Identity Proof
  • PAN Card
  • Bank Statement Last 12 months
  • Photograph - Passport size
  • Property Paper with Chain - In case of LAP.
  • Initial fee Cheque in favour of 'M/s Singh Finlease Pvt. Ltd.'

Interest Rates

For unsecured loan the interest rate ranges between 24% to 32% on monthly reducing balance.

For secure loan the interest rate ranges between 20% to 24% on monthly reducing balances.

Note:
The interest rates are subject to change anytime. This is the sole discretion of the management of M/s SFPL.

Fee & Charges

Secured

LOAN AGAINST PROPERTY (LAP):

  • Processing Fees (On disburse loan amt.): 3% of the loan amount
  • Non Refundable Initial Fee: Rs 6000/- (Adjustable in P. Fee) for Delhi Only. :Rs 10,000/- (Adjustable in P. Fee) for Other than Delhi.
  • Technical charges: Rs.3000/- (For Delhi Only) : Rs. 5000/- (For other than Delhi)
  • Legal Charges: Rs.5500/- (For Delhi Only) :Rs. 10000/- (For other than Delhi)
  • Prepayment / Foreclosure Charges: 4% on outstanding principal balance
  • Partial Prepayment Charge: NIL (Up to 25% of loan amount only in a year. If prepayment
  • amount is more than 25% then it will attract charge 4% on whole amount.)
  • Delayed EMI payment penalty: 2% per month on outstanding EMIs.
  • Cheque/SI bounces charges: Rs.1000/- per bounce.
  • Cheque swapping charge: Rs.1000/-
  • Legal charges due to non-payment of EMI/loan amount: Rs. XXX (Case to case basis)
  • Amortisation Schedule/SOA charges: Rs.1000/-
  • List of property document charges: Rs.2000/-
  • Note: Applicable Taxes are extra & Payable by Borrower

REAL ESTATE FINANCE (REF):

  • Processing Fees (On disburse loan amt.): 3%
  • Non Refundable Initial Fee: Rs 5000/- (Adjustable in P. Fee)
  • Technical charges: Rs.3000/- (For Delhi Only) : Rs. 5000/- (For other than Delhi)
  • Legal charges: Rs.5500/-(For Delhi Only) :Rs. 10000/- (For other than Delhi)
  • Partial Prepayment Charge: NIL (Up to 25% of loan amount only in a year.
    If prepayment amount is more than 25%, then it will attract charge 4%on whole amount)
  • Prepayment / Foreclosure Charges: 4% on outstanding principal balance
  • Delayed EMI payment penalty: 2% per month on outstanding EMIs.
  • Cheque/SI bounces charges: Rs.1000/- per bounce.
  • Cheque swapping charge: Rs.1000/-
  • Legal charges due to non-payment of EMI/loan amount: Rs. XXX (Case to case basis).
  • Amortisation Schedule/SOA charges: Rs 1000/-
  • List of property document charges: Rs.2000/-
  • Note: Applicable Taxes are extra & Payable by Borrower

LOAN AGAINST PLEDGING OF SHARES (LAPS):

  • Non Refundable Initial Fee: Rs. 2000/- (Adjustable in P. Fee)
  • Processing Fees (On disburse loan amt.): 3% ( If loan amount is < or = 5 lakhs)
  • :2% ( If loan amount is > 5 lakhs)
  • Pledge charges: Rs. 100/-
  • Un pledge charges: Rs.100/-
  • Invocation charge: Rs. 100/-
  • Demat/Trading a/c opening charge: Rs. 700/- (Including S.Tax) – Will be debited automatically in Demat account.
  • Partial Prepayment charge: NIL (Up to 25% of loan amount once in loan tenure). If prepayment amount is more than 25%, then it will attract charge 4% on whole amount)
  • Prepayment / Foreclosure Charges: 4%
  • Delayed EMI payment penalty: 2% per month on outstanding EMIs.
  • Cheque/SI bounces charges: Rs.1000/- per bounce.
  • Cheque swapping charge: Rs.1000/-
  • Legal charges due to non-payment of EMI/loan amount: Rs. XXX (Case to case basis).
  • Amortisation Schedule/SOA charges: Rs 1000/-
  • Note: Applicable Taxes are extra & Payable by Borrower

Unsecured

SMALL TICKET PERSONAL LOAN (STPL):

  • Non Refundable Initial Fee: Rs 500/- (Adjustable in P. Fee)
  • Processing Fees (On disburse loan amt.): 5% of loan amount or Rs.500/- whichever is higher
  • Prepayment / Foreclosure Charges: 4% on outstanding principal balance
  • Delayed EMI payment penalty: 2% per month on outstanding EMIs.
  • Cheque/SI bounces charges: Rs.1000/- per bounce
  • Cheque swapping charge: Rs.1000/-
  • Legal charges due to non-payment of EMI/loan amount: Rs. XXX(Case to case basis)
  • Amortisation Schedule/SOA charges: Rs.1000/-
  • Note: Applicable Taxes are extra & Payable by Borrower

PERSONAL LOAN (PL):

  • Non Refundable Initial Fee: Rs. 2000/- (Adjustable in P. Fee)
  • Processing Fees (On disburse loan amt.: 3% of disbursed loan amount
  • Delayed EMI payment penalty: 2% per month on outstanding EMIs
  • Prepayment / Foreclosure Charges: 4% on outstanding principal balance
  • Cheque/SI bounces charges: Rs.1000/- per bounce
  • Cheque swapping charge: Rs.1000/-
  • Legal charges due to non-payment of EMI/loan amount: Rs. XXX(Case to case basis)
  • Amortisation Schedule/SOA charges: Rs.1000/-
  • Note: Applicable Taxes are extra & Payable by Borrower

BUSINESS LOAN (BL):

  • Non Refundable Initial Fee: Rs. 3500/- (Adjustable in P. Fee)
  • Processing Fees (On disburse loan amt.): 3% of disburse amount
  • Delayed EMI payment penalty: 2% per month on outstanding EMIs
  • Cheque/SI bounces charges: Rs.1000/- per bounce
  • Cheque swapping charge: Rs.1000/-
  • Prepayment / Foreclosure Charges: 4% on outstanding principal balance
  • Legal charges due to non-payment of EMI/loan amount: Rs. XXX(Case to case basis)
  • Amortisation Schedule/SOA charges: Rs.1000/-
  • Note: Applicable Taxes are extra & Payable by Borrower

INSTANT LOAN (IL):

  • Non Refundable Initial Fee: Rs. 500/- (Adjustable in P. Fee)
  • Processing Fees (On disburse loan amt.): 4% of disburse amount or Rs.2500/- whichever is higher (In case of Medical emergency ONLY, the P. Fee will be NIL).
  • Delayed EMI payment penalty: 2% per month on outstanding EMIs
  • Cheque/SI bounces charges: Rs.1000/- per bounce
  • Cheque swapping charge: Rs.1000/-
  • Prepayment / Foreclosure Charges: 4% on outstanding principal balance
  • Legal charges due to non-payment of EMI/loan amount: Rs. XXX(Case to case basis)
  • Amortisation Schedule/SOA charges: Rs.1000/-
  • Note: Applicable Taxes are extra & Payable by Borrower

Calculator

For Assistance
9910739751 (24/7), 011 3025 0000 | info@finwaycapital.com

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