Every charge, listed up front.
These are the only charges on a Shree Rana Finance loan. Your exact rate and total cost appear in the Key Fact Statement before you sign. Charges include GST where shown.
At a glance
0%
interest on selected brand EMI schemes
₹0
part-payment charge
Free
NOC and statements in the app
₹0
charges not listed on this page
Charges
Interest and fees by product
| Charge | Shop on EMI | Personal loan | Credit line |
|---|---|---|---|
| Rate of interest (per annum) | 0% on selected brand schemes; otherwise shown in your offer | Reducing balance, shown in your offer | Only on the amount you use, shown in your offer |
| Processing fee | Shown in your offer, plus GST | Shown in your offer, plus GST | Shown for each draw, plus GST |
| Documentation charges | As shown in your Key Fact Statement, plus GST | ||
| Stamping charges | At actuals, as per state stamp duty | ||
| Penal charges | On the overdue instalment only. Never added to the interest rate or compounded | ||
| Bank charges (cheque / NACH bounce) | Per instance, only if a cheque, AutoPay or e-NACH debit fails, as shown in your Key Fact Statement | ||
| Mandate rejection charges | Only if your AutoPay or e-NACH mandate is rejected by your bank | ||
| Cheque and NACH swap charges | On request to change your repayment bank account or mandate | ||
| Foreclosure charges | As shown in your Key Fact Statement | ||
| Part-prepayment charges | Nil | ||
| Cancellation of loan charges | No penalty within the cooling-off period. Pay the principal and proportionate APR; the processing fee may be retained | ||
| NOC related charges | Free in the app | ||
| Statement & other document retrieval charges | Free in the app | ||
| GST | Applied on fees and charges at the rate set by law | ||
| Any other charge | None. A charge not shown here or in your Key Fact Statement will never be collected. | ||
Swipe sideways to see all three products.
Example
What a loan really costs
- Loan amount
- ₹50,000
- Tenure
- 12 months
- Interest rate (illustrative)
- 18% a year
- Monthly EMI
- ₹4,584
- Total interest
- ₹5,008
- Total payable
- ₹55,008
Illustrative only, before processing fee. Your actual rate, fees and APR are in your Key Fact Statement.
Try the EMI calculatorKey Fact Statement
Before you sign, the app shows a Key Fact Statement with your rate, APR, every fee, the EMI schedule and the grievance officer's details. A copy is sent to your email and SMS.
Cooling-off period
You can exit a loan within the cooling-off period stated in your Key Fact Statement by repaying the principal and interest for the days used. No penalty applies.
How interest is charged
Interest is on a reducing balance, so each EMI pays some principal and you pay less interest as the loan goes on.
Get the app
Your next purchase, made easy.
Get the Shree Rana Finance app on Android and log in with your mobile number.
- Free to download
- Log in with your mobile number
- Every cost shown before you sign
