Pricing Disclosures
Lending Fees & Charges Schedule
Detailed overview of processing fees, late penalties, bounce charges, and foreclosure terms.
Standard Fees Structure
Below are the standard rates and penalties levied by lending banks and NBFC partners. AavivaCred does not directly charge or collect any of these fees:
| Fee Category | Indicative Rate | Application Terms |
|---|---|---|
| Processing Fees | 1.50% - 5.00% of loan principal | Deducted from the sanctioned loan amount prior to disbursement. |
| Foreclosure Charges | 2.00% - 6.00% on outstanding amount | Applicable if outstanding principal is prepaid early (Nil for individual floating rate loans as per RBI). |
| Late Payment Penalties | 2.00% per month on overdue EMI | Levied monthly on the unpaid installment balance until fully cleared. |
| NACH Bounce Fees | ₹295 - ₹590 per failure (incl. GST) | Charged if auto-debit fails due to insufficient bank funds. |
| Stamp Duty / Documentation | As per State Stamp Act | Mandatory legal charge for digital/physical loan agreement stamping. |
Key Consumer Disclosures
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No Foreclosure Fees on Floating Rates: In compliance with RBI directions, lenders do not levy foreclosure charges or prepayment penalties on individual borrowers for floating interest rate term loans (such as home loans and personal loans).
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Sanction Letter Review: Always review the Key Fact Statement (KFS) and Sanction Letter provided by the bank or NBFC before signing the agreement to verify the exact APR, fees, and penalties.
Last Updated: July 2026
Version 2.0
