Interest Rates & Charges Policy

General Notice & Regulatory Policy

Interest rates, processing fees, charges, tenure and other loan terms are subject to the respective lender's policies, applicable regulations and customer eligibility.

All financial figures, interest rates, and loan charges presented during your consultation are determined as per applicable lender and government/regulatory norms. B4U Loans does not set, dictate, or guarantee fixed interest rates or waivers on behalf of lending institutions.

1. Interest Rates

Loan interest rates can be fixed or floating, benchmarked against RBI's Repo Rate or Bank Marginal Cost of Funds based Lending Rate (MCLR).

Structure: As per applicant credit score (CIBIL), loan category, income profile, and chosen bank policy.

2. Processing Charges

Lenders levy a one-time administrative fee to process loan documentation, verify records, and conduct credit checks.

Structure: Subject to bank tariff charts (usually a percentage of loan sanction amount or fixed flat fee).

3. Prepayment & Foreclosure Charges

Charges applicable if a borrower repays the loan amount fully or partially before the agreed tenure ends.

Structure: Floating rate home loans to individuals typically attract zero foreclosure fees under RBI guidelines. Commercial & fixed rate loans depend on bank terms.

4. Late Payment & Penal Charges

Penal interest charged by lending institutions on overdue monthly installments or delayed EMI payments.

Structure: As prescribed by lender loan agreements and penal rate guidelines.

5. Other Applicable Statutory Charges

Includes property legal valuation fees, stamp duty, MODT (Memorandum of Deposit of Title Deeds) charges, and CERSAI registration fees.

Structure: Payable directly to statutory state authorities or empanelled bank valuers.

Customer Guidance Recommendation

Customers are advised to thoroughly read the Most Important Terms and Conditions (MITC) document provided by the respective lender before signing final loan agreements. Verify all interest rates, processing fees, and charge schedules directly with the bank.