Interest Rate Policy

(A brand of SURYA-SHAKTI VYAPAAR PRIVATE LIMITED, RBI-Registered NBFC)

Transparency – All applicable rates and charges are communicated clearly to customers before loan disbursement.
Non-Discrimination – Loan pricing is based on objective parameters; no customer is charged differently for reasons unrelated to credit assessment.
Compliance – Our policy fully complies with RBI’s Fair Practices Code and relevant NBFC regulations.

Cost of Funds – Based on prevailing market rates and borrowing costs.
Loan Product Type – Rates may vary for payday loans, personal loans, or other credit products.
Borrower Profile – Includes credit score, repayment history, and income stability.
Loan Tenure & Amount – Short-term and small-ticket loans may carry different rates compared to longer-term products.
Risk Assessment – Higher-risk customers may have higher interest rates to balance credit risk.

Processing Fees – Charged at the time of loan sanction and disclosed in the sanction letter.
Penal Charges – Applicable for delayed payments, in line with RBI’s latest guidelines.
Prepayment Charges – If applicable, disclosed upfront.

Interest rates are reviewed periodically by the Board of Directors to reflect changes in market conditions and business strategy.
Any change in rates will be updated on our website and communicated to customers.