Draft — not yet approved
This page is a structured draft. It has not been reviewed or approved by legal counsel and must not be relied on as a final policy. Items marked “To be confirmed” must be supplied by Enjoy the Credit and its lending partner.
Product configuration 0.1.0-illustrative (illustrative). Only charges disclosed in your Key Facts Statement can be collected.
| Charge | Amount | When |
|---|---|---|
| Interest | 30.00% p.a., simple, Actual/365 | Payable with principal on the due date |
| Processing fee | 2% of principal (min ₹500, max ₹3,000) | One-time, deducted from disbursal |
| GST on processing fee | 18% of the fee | With the processing fee |
| Penal charges | [To be confirmed: penal charges policy] | Only on default or non-compliance; never capitalised or compounded |
| Prepayment / foreclosure | [To be confirmed: prepayment terms] | — |
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