DSP Finance Private LimitedLoan Product Details
Products
Loan against Mutual Funds
Borrower age eligibility
18 to 70 (digital)
Minimum loan amount
₹10,000
Maximum loan amount
₹2 cr
Tenure
6 years
Upfront charges (paid by everyone, at the time of applying)
Charge
Amount
Applies to
Interest Rate (ROI)
Starting at 10.3% per annum
Processing Fee
Starting at ₹1,099 + GST
Contingent charges (apply only if the situation occurs)
During the loan
Charge
Amount
Applies to
Annual maintenance charge (AMC)
₹650 + GST
Bank mandate swap
₹499 + GST
Legal charges
As applicable
Repaying early
Charge
Amount
Applies to
Full prepayment
Nil
Part prepayment
Nil
If you miss a payment
Charge
Amount
Applies to
Charges on default (interest or principal)
₹500
Penal charges
Daily penalty on the overdue amount, as per the penal charge grid
Managing your pledge
Charge
Amount
Applies to
Additional security pledging
₹499 + GST
Security unpledging
Nil
Security sell-off
0.25% of proceeds received + 18% GST
Closing the loan
Charge
Amount
Applies to
Foreclosure charge
Nil
DSP Finance
Loan Product Details
Products
Loan against Mutual Funds
Borrower age eligibility
18 to 70 (digital)
Minimum loan amount
₹10,000
Maximum loan amount
₹2 cr
Tenure
6 years
Upfront charges (paid by everyone, at the time of applying)
Interest Rate (ROI)
Amount
Starting at 10.3% per annum
Processing Fee
Amount
Starting at ₹1,099 + GST
Contingent charges (apply only if the situation occurs)
During the loan
Annual maintenance charge (AMC)
Amount
₹650 + GST
Bank mandate swap
Amount
₹499 + GST
Legal charges
Amount
As applicable
Repaying early
Full prepayment
Amount
Nil
Part prepayment
Amount
Nil
If you miss a payment
Charges on default (interest or principal)
Amount
₹500
Penal charges
Amount
Daily penalty on the overdue amount, as per the penal charge grid
Managing your pledge
Additional security pledging
Amount
₹499 + GST
Security unpledging
Amount
Nil
Security sell-off
Amount
0.25% of proceeds received + 18% GST
Closing the loan
Foreclosure charge
Amount
Nil