Interest Rate and Schedule of Charges
*w.e.f 1st April 2024
| Description | Amount/ Percentage of charges | |
|---|---|---|
| Profectus Prime Lending Rate (PPLR) | The Board approved prime lending rate for Profectus Capital Private Limited is 15.85% with effect from July 1, 2023.The rate of interest for all the loans offered by PCPL will be PPLR +/- spread. Profectus Capital follows Risk Based Pricing approach that entails pricing each loan after weighing-in all risks and their corresponding mitigants. | |
| Stamp duty | Actuals | |
| Technical Valuation Charges (to be collected upfront) | Actuals | |
| Legal search charges (to be collected upfront) | Actuals | |
| Cheque / NACH Bounce Charges | Rs. 1,050.00 for each bounce | |
| Penal Charges for default of Instalments/Dues | @ 10% per annum (Exclusive of Tax) on unpaid dues/instalments for the period said amount remains overdue | |
| Penal Charges for Breach Material Covenants | @ 2 % per annum (Exclusive of Tax) on principal outstanding till the fulfilment/compliance of sanctioned / disbursement condition. | |
| Cheque Swapping Charges | Rs 750.00 per swap (Exclusive of Tax) | |
| Prepayment Charges | As per loan contract terms with customer | |
| Loan cancellation charges | Rs 10,000.00 (Exclusive of Tax) | |
| Certified Loan Statement (per loan) | No charge for first time in a financial year, for second time onwards Rs 500.00 (Exclusive of Tax) | |
| Duplicate NDC / NOC Issuance charges | Rs 500.00 (Exclusive of Tax) | |
| Legal / Collection/ Repossession & Incidental charges | Actuals | |
| Copy of Loan Documents | Rs 500.00 (Exclusive of Tax) | |
| FC Statement Issuance Charges | Rs. 500.00 (Exclusive of Tax) | |
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