Interest Rate Policy

Rate ranges and weighting factors below are placeholders. This policy must be board-approved and filled in with Silver Finance and Leasing Ltd's actual rates before publishing.

1. Objective

This policy sets out the approach followed by Silver Finance and Leasing Ltd for determining the interest rates, processing fees, and other charges applicable to its loan products, in line with RBI guidelines applicable to NBFCs.

2. Factors Considered

  • Cost of funds
  • Risk premium based on borrower profile and product type
  • Tenure of the loan
  • Operating costs and margin

3. Range of Interest Rates

TODO: publish the current minimum and maximum rates by product.

4. Processing Fees and Other Charges

TODO: publish processing fee, prepayment charge, late payment charge, and any other applicable charges, per product.

5. Review

This policy is reviewed periodically by the Board and updated to reflect changes in the cost of funds and market conditions.