Pricing / Charges

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Pricing / Charges

At GRP Fincap Lease Pvt. Ltd., we follow a transparent pricing structure with clearly defined charges. Our goal is to ensure that customers are fully informed before making any financial decision.

Interest Rates

Interest rates are determined based on multiple factors such as loan type, loan amount, tenure, applicant profile, and credit assessment.

  • Competitive and market-aligned interest rates
  • Fixed or variable rates depending on the product
  • Customized pricing based on risk profile
Schedule of Charges

We are committed to maintaining complete transparency in all our financial dealings.

Processing Fees

A one-time processing fee is charged at the time of loan application to cover administrative and verification costs.

  • Typically ranges from 1% to 3% of the loan amount (may vary)
  • Non-refundable once the loan is processed
  • Clearly communicated before loan approval

Other Charges

Late Payment Charges

Applicable if EMI or repayment is delayed beyond the due date.

  • Charged as a percentage of the overdue amount or fixed fee

Auto Loan Charges

# Charge Description Amount / Rate
1 Processing Fees ₹2,500 Incl. GST
2 File Charge 2% + GST
3 Stamping Charges As per government norms
4 Valuation Charges ₹750 Incl. GST
5 NACH Charges ₹300
6 LPC (Late Payment Charge) 4% of Principal Due
7 Foreclosure Charges 4% Incl. GST
8 SOA (Statement of Account) ₹590 Incl. GST
9 Duplicate SOA Request ₹590 Incl. GST
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MSME / LAP Charges

# Charge Description Amount / Rate
1 Processing Fees ₹2,360 Incl. GST
2 Legal Charges ₹3,500 Incl. GST
3 File Charge 3% + GST
4 Stamping Charges 0.25%
5 Other Charges ₹500
6 RTGS/NEFT Charges ₹300 ₹1L–₹3L ₹500 ₹3L–₹5L ₹700 ₹5L–₹10L
7 Valuation Charges ₹1,770 Incl. GST
8 Foreclosure Charges 8% Incl. GST If foreclosed before 12 months, 12 months' installments and interest must be paid.
9 LPP Charges As per customer requirement
10 SOA (Statement of Account) ₹590 Incl. GST
11 LPC (Late Payment Charge) 4% of Principal Amount Due
12 LOD (Letter of Demand) Charges ₹590 Incl. GST
13 Duplicate SOA Request ₹590 Incl. GST