Legal
Interest Rate Policy
How the price of your loan is decided and shown to you.
Who sets the rate
Interest rates and fees are set by our RBI-registered NBFC partner under its Board-approved interest rate policy. Dhanrivo does not set or change the rate.
Current ranges
Interest rates currently range from 18%–36% per annum. The processing fee is 2% of the loan amount plus GST at 18%.
| Interest rate | 18%–36% per annum |
|---|---|
| Processing fee | 2% + GST |
| Prepayment charges | Nil |
| Late payment charges | As per lender's policy, disclosed in your KFS |
| Cooling-off period | 3 days to exit without penalty |
| Hidden charges | None |
What affects your rate
The lender considers factors such as your credit history and score, income and its stability, existing repayments, loan amount and tenure.
How it's disclosed
Your rate, fees and all-inclusive APR are shown in your offer and in the Key Fact Statement before you sign. No charge that is not listed in the KFS can be applied.