Penal Charges

Delay in interest or principal repayment incurs a daily penalty, as per the following grid
Overdue amount
(Principal + interest)
Daily penal charge
Upto 25k
₹10
50k - 1L
₹50
1L - 2.5L
₹100
2.5L - 5L
₹250
5L - 10L
₹500
10L - 25L
₹1000
25L - 50L
₹2500
50L - 1CR
₹5000
More than 1CR
₹10000
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