This Interest Rate Policy outlines the principles and methodology adopted by MAYURPANKH TRADERS PVT. LTD. for determining interest rates and related charges on its lending products, in compliance with RBI guidelines.
Interest rates charged by the Company are determined based on multiple factors, including but not limited to:
· Cost of funds
· Operating and administrative costs
· Credit risk profile of the borrower
· Loan tenure and amount
· Market conditions and regulatory environment
The Company follows a risk-based pricing approach, whereby borrowers with different risk profiles may be charged different interest rates and fees.
All applicable charges, including interest, processing fees, and other fees (if any), shall be transparently disclosed to the borrower prior to loan sanction.
Any change in interest rates or charges shall be communicated to borrowers in a timely and transparent manner, as per applicable regulations and contractual terms.
The Company shall not discriminate among borrowers on the basis of gender, religion, caste, or any other prohibited ground while determining interest rates.
This Interest Rate Policy shall be reviewed periodically and revised as necessary to remain compliant with RBI regulations and business requirements.
