- Interest rates: 22%-33% p.a.
- Loan amount: Depends on the applicant’s credit profile
- Tenure: Up to 5 years
- Processing: Fees 2% of the loan amount
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About slice small Finance Personal Loan
slice Small Finance Bank Personal Loan Interest Rates
The interest rates of slice Small Finance Bank personal loan range between 22%-33% p.a. The final interest rates offered to their applicants depend upon monthly income, job profile, age, employer’s income, credit scores, loan repayment history, etc.
Fees and Charges for Availing slice Small Finance Bank Personal Loan
| Particulars | Charges |
|---|---|
| Processing fees | 2% of the loan amount |
| Bounce charges | Rs 500 |
| Late repayment | 2% per month of unpaid EMIs |
| Swapping charges | NIL |
| Foreclosure Statement | NA |
| Foreclosure/Prepayment Charges | 2% on the outstanding loan amount |
| Document Retrival Charges | Rs 500 |
| Amortization Schedule Charges | NA |
| Statement of account | Free once a year, Rs 100 for additional statement |
| Duplicate NOC | Rs 500 |
| All other NOC | Rs 500 |
| Stamp Duty | Actuals as per state law |
| Loan Cancellation | NIL (processing fee, if any, would be retained) |
| Legal/Repossession & Incidental Charges | NA |
| Valuation Charges | NA |
| Duplicate List of Documents | Rs 500 |
| Duplicate Statement Issuance Charges | Rs 100 |
| Documentation Charges | Rs 100 + GST for loans Rs 50,000 to Rs 2 lakhs Rs 200 + GST for loans above Rs 5 lakhs |
slice Small Finance Bank Personal Loan Eligibility Criteria
slice Small Finance Bank offers personal loan to salaried individuals only. As the bank has not stated the eligibility criteria based on credit score, income, etc, prospective borrowers can check personal loan eligibility criteria set by top lenders to get a fair understanding of the eligibility conditions.
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slice Small Finance Bank Personal Loan Documents Required
The bank has not disclosed the list of personal loan documents required for its application. Most lenders usually ask their applicants to submit KYC-related documents such as proof of address, identity, income, etc.
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Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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