Interest rates charged by the Company depends on a variety of factors affecting the Company including cost of borrowed funds, matching tenor cost, market liquidity, RBI policies on credit flow, offerings by competition, market reputation, cost of operations, disbursements, cost of capital required, inherent credit and default risk in the counterparty and products, industry trends, etc. Identical products with identical tenor and availed during the same period may attract different interest rates for different customers. Interest rates could vary depending upon consideration of all or combination of multiple factors including but not limited to the following:
- Credit and default risk in the related business segment;
- Profile of the applicant;
- Industry segment;
- Repayment track record of the applicant;
- Nature and value of collateral security;
- Secured vs unsecured loan;
- Seniority of the loan;
- Loan ticket size;
- Credit rating of the applicant and corporate guarantor, if any;
- Loan tenor;
- Location delinquency and collection performance (applicable for retail);
- Other indebtedness of the applicant.
