Interest rates and service charges

What each loan can cost, and why.

Every charge Basel can levy on each of its loans, with when it applies. Nothing is charged that is not stated in your Key Facts Statement before you accept the loan.

How to read this

Rates and fees are the ranges and maximums Basel works within. The figures that apply to you are fixed at sanction and set out, with the all-inclusive APR, in the Key Facts Statement you receive before accepting. Penal charges are shown with the reason they are levied, as the Reserve Bank requires. A charge marked as awaiting confirmation is not levied until its amount is published here. How rates are set is explained in the Interest Rate Policy.

Charges by product

Personal loans

Short Term Personal Loan

STPL · Unsecured personal loan

Charges on the Short Term Personal Loan
Charge	Amount	When and why it is charged
Rate of interest	Up to 1.00% per day, flat, from the date of disbursal to the date of repayment. The rate applied is set by the borrower's credit profile and risk assessment.	Fixed at sanction and stated, with the all-inclusive APR, in the Key Facts Statement before the loan is accepted.
Processing fee	10% of the sanctioned amount, subject to a minimum of ₹199, plus 18% GST. Deducted before disbursal.	Once, at sanction. Deducted before disbursal, so it is part of the APR.
Goods and Services Tax	18% on fees and charges that attract it, as the law requires. GST is never charged on interest.	On any fee that attracts it, at the rate the law sets.
Penal charge	0.15% per day, applied to overdue principal only. The penal charge does not compound the interest and is always shown to the borrower as a rupee figure.	Only when a repayment is not made by its due date, on the principal that is overdue, for the days it remains unpaid. It is a charge for the default, not additional interest: it is not added to the rate of interest and is not compounded.
Foreclosure and part-prepayment	No foreclosure charge, at any time. From day four a borrower settling early pays interest only for the days actually held; unearned interest is rebated. Settling early can never cost more than running the loan to term.	When the borrower chooses to repay before the due date.
Dishonour of a payment instruction	Not levied at present.	Basel levies no charge when an auto-debit mandate or a cheque is returned unpaid. A charge that is not published here, and stated in your Key Fact Statement and loan agreement before you sign, is not levied at all: if one is ever introduced, it appears on this page first.
Stamp duty and other statutory charges	At actual cost.	On execution of the loan documents, where the law of the State requires it. Basel recovers what the State charges and adds nothing to it. The amount is stated in your Key Fact Statement before you sign.
Other service charges	Not levied at present.	Basel makes no charge for a duplicate statement, a duplicate no-objection certificate or retrieval of your documents. As above, a charge that is not published here and disclosed in your Key Fact Statement is not levied.

Advanced Personal Loan

APL · Unsecured personal loan

Charges on the Advanced Personal Loan
Charge	Amount	When and why it is charged
Rate of interest	14% to 24% per annum on the reducing balance. The rate within that band is set by the borrower's credit profile and risk assessment.	Fixed at sanction and stated, with the all-inclusive APR, in the Key Facts Statement before the loan is accepted.
Processing fee	2% of the sanctioned amount, subject to a minimum of ₹199, plus 18% GST. Deducted before disbursal.	Once, at sanction. Deducted before disbursal, so it is part of the APR.
Goods and Services Tax	18% on fees and charges that attract it, as the law requires. GST is never charged on interest.	On any fee that attracts it, at the rate the law sets.
Penal charge	0.15% per day, applied to overdue principal only. The penal charge does not compound the interest and is always shown to the borrower as a rupee figure.	Only when a repayment is not made by its due date, on the principal that is overdue, for the days it remains unpaid. It is a charge for the default, not additional interest: it is not added to the rate of interest and is not compounded.
Foreclosure and part-prepayment	No foreclosure charge, at any time. From day four a borrower settling early pays interest only for the days actually held; unearned interest is rebated. Settling early can never cost more than running the loan to term.	When the borrower chooses to repay before the due date.
Dishonour of a payment instruction	Not levied at present.	Basel levies no charge when an auto-debit mandate or a cheque is returned unpaid. A charge that is not published here, and stated in your Key Fact Statement and loan agreement before you sign, is not levied at all: if one is ever introduced, it appears on this page first.
Stamp duty and other statutory charges	At actual cost.	On execution of the loan documents, where the law of the State requires it. Basel recovers what the State charges and adds nothing to it. The amount is stated in your Key Fact Statement before you sign.
Other service charges	Not levied at present.	Basel makes no charge for a duplicate statement, a duplicate no-objection certificate or retrieval of your documents. As above, a charge that is not published here and disclosed in your Key Fact Statement is not levied.

Charges by product

Secured loans

Basel Gold Loan

BGL · Loan against gold

Charges on the Basel Gold Loan
Charge	Amount	When and why it is charged
Rate of interest	Starting from 16.99% p.a., up to 21.99% p.a.	Fixed at sanction and stated, with the all-inclusive APR, in the Key Facts Statement before the loan is accepted.
Processing fee	Up to 0.20% of the loan amount, plus applicable taxes.	Once, at sanction.
Goods and Services Tax	18% on fees and charges that attract it, as the law requires. GST is never charged on interest.	On any fee that attracts it, at the rate the law sets.
Penal charge	3% per annum on the overdue amount, calculated for the period of default.	Only when an amount is not paid by its due date. Penal charges are not capitalised, and no further interest is charged on penal charges. The charge is for the default: it is not added to the rate of interest.
Foreclosure and part-prepayment	Nil.	No charge for repaying the loan in full, or in part, before the end of its tenure.
Dishonour of a payment instruction	Not levied at present.	Basel levies no charge when an auto-debit mandate or a cheque is returned unpaid. A charge that is not published here, and stated in your Key Fact Statement and loan agreement before you sign, is not levied at all: if one is ever introduced, it appears on this page first.
Stamp duty and other statutory charges	At actual cost, as applicable.	On execution of the loan documents, where State law requires it.
Other service charges	Not levied at present.	Basel makes no charge for a duplicate statement, a duplicate no-objection certificate or retrieval of your documents. As above, a charge that is not published here and disclosed in your Key Fact Statement is not levied.
Gold valuation	Nil on loans up to ₹10 lakh. On loans above ₹10 lakh, ₹750 to ₹950 plus applicable taxes for every ₹5 lakh of loan disbursed.	At sanction. Loans up to ₹10 lakh are valued by one valuer at Basel's cost; loans above ₹10 lakh are valued by two valuers, whose charge the borrower pays.
Documentation	Nil.	At sanction.
Part-release of gold	Nil for the first part-release. ₹149 for each later part-release.	When you ask for part of your gold back during the loan.
Safe custody during the loan	Nil.	For the tenure of the loan.
SMS alerts and digital statements	Nil.	Throughout the loan.
Auction notice	Up to ₹200.	Only if the loan is not repaid and a notice of auction is sent.
Auction	At actual cost.	Only if the gold is auctioned. Deducted from the proceeds, with any surplus refunded.

New Vehicle Loan

NVL · Vehicle loan

Charges on the New Vehicle Loan
Charge	Amount	When and why it is charged
Rate of interest	Starting from 16.49% p.a., up to 22.99% p.a. Fixed rate, reducing balance.	Fixed at sanction and stated, with the all-inclusive APR, in the Key Facts Statement before the loan is accepted.
Processing fee	Up to 1.00% of the loan amount, plus applicable taxes.	Once, at sanction.
Goods and Services Tax	18% on fees and charges that attract it, as the law requires. GST is never charged on interest.	On any fee that attracts it, at the rate the law sets.
Penal charge	3% per annum on the overdue amount, calculated for the period of default.	Only when an amount is not paid by its due date. Penal charges are not capitalised, and no further interest is charged on penal charges. The charge is for the default: it is not added to the rate of interest.
Foreclosure and part-prepayment	As stated in your Key Fact Statement and loan agreement.	No pre-payment or foreclosure charge is levied on a floating-rate loan taken by an individual for a purpose other than business, whatever the source of the money used to repay and with no minimum lock-in period, as the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025 require. Where a charge does apply, it is stated in your sanction letter, Key Fact Statement and loan agreement before you sign, and on a term loan it is charged only on the amount prepaid.
Dishonour of a payment instruction	Not levied at present.	Basel levies no charge when an auto-debit mandate or a cheque is returned unpaid. A charge that is not published here, and stated in your Key Fact Statement and loan agreement before you sign, is not levied at all: if one is ever introduced, it appears on this page first.
Stamp duty and other statutory charges	At actual cost.	On execution of the loan documents, where the law of the State requires it. Basel recovers what the State charges and adds nothing to it. The amount is stated in your Key Fact Statement before you sign.
Other service charges	Not levied at present.	Basel makes no charge for a duplicate statement, a duplicate no-objection certificate or retrieval of your documents. As above, a charge that is not published here and disclosed in your Key Fact Statement is not levied.

Used Vehicle Loan

UVL · Vehicle loan

Charges on the Used Vehicle Loan
Charge	Amount	When and why it is charged
Rate of interest	Starting from 18.49% p.a., up to 26% p.a. Fixed rate, reducing balance.	Fixed at sanction and stated, with the all-inclusive APR, in the Key Facts Statement before the loan is accepted.
Processing fee	Up to 1.50% of the loan amount, plus applicable taxes.	Once, at sanction.
Goods and Services Tax	18% on fees and charges that attract it, as the law requires. GST is never charged on interest.	On any fee that attracts it, at the rate the law sets.
Penal charge	3% per annum on the overdue amount, calculated for the period of default.	Only when an amount is not paid by its due date. Penal charges are not capitalised, and no further interest is charged on penal charges. The charge is for the default: it is not added to the rate of interest.
Foreclosure and part-prepayment	As stated in your Key Fact Statement and loan agreement.	No pre-payment or foreclosure charge is levied on a floating-rate loan taken by an individual for a purpose other than business, whatever the source of the money used to repay and with no minimum lock-in period, as the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025 require. Where a charge does apply, it is stated in your sanction letter, Key Fact Statement and loan agreement before you sign, and on a term loan it is charged only on the amount prepaid.
Dishonour of a payment instruction	Not levied at present.	Basel levies no charge when an auto-debit mandate or a cheque is returned unpaid. A charge that is not published here, and stated in your Key Fact Statement and loan agreement before you sign, is not levied at all: if one is ever introduced, it appears on this page first.
Stamp duty and other statutory charges	At actual cost.	On execution of the loan documents, where the law of the State requires it. Basel recovers what the State charges and adds nothing to it. The amount is stated in your Key Fact Statement before you sign.
Other service charges	Not levied at present.	Basel makes no charge for a duplicate statement, a duplicate no-objection certificate or retrieval of your documents. As above, a charge that is not published here and disclosed in your Key Fact Statement is not levied.
Vehicle valuation	At actuals.	At sanction, for the independent valuation of the vehicle.

Loan Against Property

LAP · Loan against property

Charges on the Loan Against Property
Charge	Amount	When and why it is charged
Rate of interest	Starting from 15.99% p.a., up to 21% p.a. Floating, or as offered in the sanction.	Fixed at sanction and stated, with the all-inclusive APR, in the Key Facts Statement before the loan is accepted.
Processing fee	0.75% to 1.50% of the loan amount, plus applicable taxes.	Once, at sanction.
Goods and Services Tax	18% on fees and charges that attract it, as the law requires. GST is never charged on interest.	On any fee that attracts it, at the rate the law sets.
Penal charge	3% per annum on the overdue amount, calculated for the period of default.	Only when an amount is not paid by its due date. Penal charges are not capitalised, and no further interest is charged on penal charges. The charge is for the default: it is not added to the rate of interest.
Foreclosure and part-prepayment	Nil for an individual borrowing at a floating rate for a purpose other than business. In any other case, as stated in your Key Fact Statement and loan agreement.	No pre-payment or foreclosure charge is levied on a floating-rate loan taken by an individual for a purpose other than business, whatever the source of the money used to repay and with no minimum lock-in period, as the Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025 require. Where a charge does apply, it is stated in your sanction letter, Key Fact Statement and loan agreement before you sign, and on a term loan it is charged only on the amount prepaid.
Dishonour of a payment instruction	Not levied at present.	Basel levies no charge when an auto-debit mandate or a cheque is returned unpaid. A charge that is not published here, and stated in your Key Fact Statement and loan agreement before you sign, is not levied at all: if one is ever introduced, it appears on this page first.
Stamp duty and other statutory charges	At actuals.	On execution of the loan and security documents, where State law requires it.
Other service charges	Not levied at present.	Basel makes no charge for a duplicate statement, a duplicate no-objection certificate or retrieval of your documents. As above, a charge that is not published here and disclosed in your Key Fact Statement is not levied.
Legal charges	At actuals.	For the legal scrutiny of the property title.
Property valuation	At actuals.	For the valuation of the property.
CERSAI charges	At actuals.	For registering Basel's security interest with the Central Registry.
Government charges	At actuals.	As levied by government authorities.

Basis: Reserve Bank of India circular “Fair Lending Practice - Penal Charges in Loan Accounts”, 18 August 2023, which requires the quantum and reason for penal charges to be displayed on the lender’s website under interest rates and service charges; RBI (NBFC - Responsible Business Conduct) Directions, 2025. If you believe you have been charged anything not shown here or in your Key Facts Statement, please raise a complaint.