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BASELInvestments Limited

Solutions

Lending products, priced in the open.

Unsecured personal loans, and loans secured on gold, on a vehicle or on property, all made by Basel from its own balance sheet. We publish what each one costs rather than leaving it to be discovered at the offer screen, and where a term is not yet confirmed we say so.

Our lending products

Personal loans

STPL · Unsecured personal loan

Short Term Personal Loan

A single-instalment personal loan for a short, defined period. The whole amount, principal and interest together, is repaid on one date, and the cost of credit is fixed at sanction.

Structure
Bullet loan. One repayment covering principal and interest.
Suited to
Salaried and self-employed individuals who need a small amount for a short period and can repay in full on a known date.
Product details and cost

APL · Unsecured personal loan

Advanced Personal Loan

An instalment personal loan repaid in equal monthly payments, with interest charged on the reducing balance so the cost falls as the principal is repaid.

Structure
Amortising loan. Equal monthly instalments on a reducing balance.
Suited to
Individuals with a regular income who prefer to spread repayment across months rather than settle in a single payment.
Product details and cost

Secured loans

BGL · Loan against gold

Basel Gold Loan

A loan against your gold jewellery, with interest rates starting from 16.99% p.a. and borrowing up to the Reserve Bank's maximum loan-to-value for your loan amount.

Structure
Monthly interest with principal repaid by the end of the tenure, equal monthly instalments (EMI), or a bullet repayment of principal and interest at the end of the tenure.
Suited to
Resident Indian individuals who own gold jewellery and want to borrow against it for a short period.
Product details and cost

NVL · Vehicle loan

New Vehicle Loan

Finance your new car or eligible vehicle with flexible repayment options, competitive interest rates and a transparent lending process from Basel Investments Limited.

Structure
Equal monthly instalments on a reducing balance.
Suited to
Salaried individuals, self-employed professionals and business owners buying a new car or other eligible new vehicle.
Product details and cost

UVL · Vehicle loan

Used Vehicle Loan

Get competitive financing for an eligible pre-owned vehicle with flexible tenure, straightforward documentation and transparent pricing.

Structure
Equal monthly instalments on a reducing balance.
Suited to
Individuals buying an eligible pre-owned vehicle.
Product details and cost

LAP · Loan against property

Loan Against Property

Access funds against your residential or commercial property while continuing to own and use your property.

Structure
Equal monthly instalments on a reducing balance.
Suited to
Property owners who want funds against a residential, commercial or industrial property while continuing to own and use it.
Product details and cost

The rules behind the pricing

Applied uniformly, not negotiated case by case.

These are board-approved terms. The penal charge, cooling-off period and foreclosure terms below were set for the unsecured personal loans; those for the secured loans are published on each product's page once confirmed.

Every Basel loan

Maximum contractual rate
Not exceeding 50% per month. This is a ceiling on the rate of interest. It does not cap the APR, which also carries the processing fee and GST, and which is therefore disclosed as a figure in its own right.
Goods and Services Tax
18% on fees and charges that attract it, as the law requires. GST is never charged on interest.
Annual Percentage Rate
All-inclusive and not compounded. It is the whole cost of the credit expressed as a fraction of the amount actually received, scaled to a year. Disclosed in the Key Facts Statement before the borrower accepts.
Who computes the figures
The server. The application never performs arithmetic on money and never treats a locally held figure as authoritative.

Unsecured personal loans

Penal charge on overdue amounts
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.
Cooling-off period
3 days on a loan of 30 days or less, and 7 days on a longer loan, running from disbursal in each case. A borrower who exits within the window repays the amount sanctioned. No interest for the days held, and no penalty. The processing fee and its GST were deducted before disbursal and are not refunded. Exercising this right is not a default and is not reported as one. The Reserve Bank requires only that the period be fixed by the Board and be no shorter than one day; Basel sets both windows well above that floor.
Foreclosure and 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.
Interest Rate PolicyFair Practices Code

How to tell a genuine Basel offer from a fraudulent one.

Basel lends digitally only through the Digital Lending Applications named on our Digital Lending Disclosures page. We never ask for a fee to release a sanctioned loan, never ask for your OTP, card PIN or net-banking password, and never ask you to transfer money to an individual’s account.

Our DLAs and LSPsFraud awareness

An application does not create an entitlement to credit. Sanctioned amounts, tenures and eligibility are assessed individually, and an offer is made only where our credit assessment supports it. Questions about a live loan should go to the grievance route, which is reachable from every screen of the application.