Interest Rate, Fees & Charges

Pursuant to RBI Notification No. RBI/2019-20/30 DNBR (PD) CC.No.101/03.10.001/2019-20 dated August 2, 2019, Nil foreclosure/pre-payment charges will be applicable for floating term loans sanctioned for loan purposes other than business to individuals borrowers. This will be applicable for all disbursed cases w.e.f August 5,2019. For More information, Click here :
Schedule of Interest Rate Fees ChargesDownload
Pursuant to loans granted under emergency credit line guarantee scheme (hereinafter referred as the “ECLGS Scheme”) of the National Credit Guarantee Trustee Company (hereinafter referred to as “NCGTC”) (A Government of India Undertaking)
Processing Fees Nil
Part Prepayment / Foreclosure Charges Nil pre-payment charges in case of early repayment.
Penal Interest 24 % per annum
Cheque Swap Charge Up to Rs. 500 plus applicable taxes per Swap
Document Retrieval Charge Up to Rs. 500 plus applicable taxes
Cheque Bounce Charge Up to Rs.500 plus applicable charges per bounce
Duplicate Statement Issuance Charge Up to Rs. 500 plus applicable taxes per document
Cheque Pick up Charge Up to Rs. 150 plus applicable taxes per pick up
CERSAI Registry / Modification charges (Only for SME Secured & Equipment Loans)
  • Rs.100 plus applicable taxes (for Loans above Rs. 5 Lacs)
  • Rs. 50 plus applicable taxes (for Loans up to Rs. 5 Lacs)
  • You may visit the website of CERSAI ( for details of such charges.
NeSL Data Submission Charges (plus applicable taxes) (Only for SME Secured Loans, Business Loan to Companies, SME Equipment Loan); For more information, kindly visit ( for details of charges.
Applicant Companies Other Commercial entities Individuals
Data submission per loan record of a borrower for each year 1st loan record – Rs. 300/- 2-10 loan record – Rs. 100/- each 11th onwards – Rs. 50/- each Annual Renewal fee- Rs.250/- 1st loan record – Rs. 150/- 2nd onwards – Rs. 50/- each Annual Renewal fee- Rs.125/- Unsecured- All loan records Rs. 25/- each Secured- All loan records Rs.50/-each. (one-time fee) (Rs.10 for annual updation after completion of period of 5 years from the date of 1st submission)
Stamp Duty & other statutory Charges As per applicable laws of the State
**Non individual borrower means and includes Sole Proprietorship Concern, Partnership Firm, Company, Limited Liability Partnership (LLP). Borrower to submit a Prepayment Request Letter along with copies of your Bank Statement or any other document that the Company deems necessary to ascertain the source of funds used for the prepayment. All charges, taxes and other taxes, levies etc. applicable as per the prevailing rate will be charged over and above these charges. This statement of charges is as on date of disbursement and are subject to changes / revision from time to time and the same will be updated on the website.
Edelweiss Financial Services Limited 2016

Edelweiss Retail Finance Limited (ERFL) | CIN: U67120MH1997PLC285490

The Company is having valid Certificate of Registration (CoR) No. B-13.02149 dated January 4,2017 issued by Reserve Bank of India (RBI) under Reserve Bank of India Act, 1934. However, RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of Company or correctness of any of the statements or representation made or opinion expressed by the Company.

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