Interest Rate Policy
Integrofinserve P Ltd would lend money to its customers through Fixed rate loans. Few broad categories of customer segments are as follows.
The interest rate structure will be broadly based on the following
| Sr. No. | Factor | Description |
| 1 | Weighted Average cost of borrowing | The Company proposes to raise funds through equity and NCDs.The weighted average cost of funds will be the cost of these funds |
| 2 | Fund raising Cost | This will include fee and other related cost for raising the equity and NCDs |
| 3 | Operating cost | Employee and other operational costs |
| 4 | Default Premium | The premium for the risk attached to the borrower |
| 5 | Base ROA | The base return expected by the company on its asset. |
.
The spread will a combination of the following
- Ticket size ofloan
- BureauScore
- Tenure ofLoan
- Location delinquency and collectionperformance
- Customer Indebtedness (other existing loans)
Therateofinterestforthesameproductandtenoravailedduringsameperiodbydifferentcustomersneed not be the same-. It could vary for different customers depending upon consideration of all or combination of abovefactors.
Other Charges
Besides interest, other financial charges like processing fees, origination fees, cheque bouncing charges, late payment charges, re-scheduling charges, pre-payment / foreclosure charges, part disbursement charges,chequeswapcharges,securityswapcharges,chargesforissueofstatementaccountetc.,would beleviedbythecompanywhereverconsiderednecessary.Besidesthesecharges,stampduty,servicetax
/GSTandother taxes wouldbecollectedatapplicableratesfromtimetotime.Anyrevisioninthesecharges would be implemented prospective basis with due communication to customers.
Communication Framework
Integrofinservewill communicate the effective rate of interest to customers at the time of sanction / availing of the loan through the acceptable mode of communication.
Any change in Interest Rate Policy and charges would be uploaded on the web site of the Company.
Changes in the rates and charges for existing customers would also be communicated to them through various modes communication such as website updating, email, letters, SMS, etc.