Charges & Repayments
Transparent Charge, No Hidden Costs
At Umang Finance we follow a simple, transparent fee policy. All charges are fixed according to the loan amount and shown to the customer before processing.
- File Charge
• Purpose: Initial application handling, document processing, and field verification.
• When Payable:After loan approval and before the sanction letter is issued.
• Amount: Fixed as per loan amount slab (see File Charge Table).
- Processing Fee
The Processing Fee is a single combine charge made up of four components.
1. Credit & Loan Setup Fee – Covers credit assessment, sanction, and loan arrangement.
2. Insurance Fee (Mandatory) –Loan protection cover; premium fixed according to loan amount
3. Agreement Fee – Covers legal and documentation costs for the loan agreement.
4. GST (18%) – Applied on all applicable charges as per government norms
• When Payable: After the sanction letter is issued and before loan disbursement.
• How Paid: The total amount is paid in one single settlement before disbursement.
Loan Repayment Guidelines
Purpose: To guide customers on repayment methods, timelines, and support options while reinforcing trust and transparency.
Recommended Practices:
• Use official bank transfer or UPI.
• Set auto-debit for convenience.
• Pay EMIs before due date.
• Keep proof of payment safe.
• Confirm EMI credit with RM.
Avoid:
• Delaying EMIs without notice.
• Using third-party payment agents.
• Ignoring bank bounce notices.
• Changing account without informing RM.
File Charge Structure
| Loan Amount Range | Net Amount | GST (18%) | Total |
|---|---|---|---|
| 1 Lakh to 20 Lakhs | ₹4,000 | ₹720 | ₹4,720 |
| 20 Lakhs to 40 Lakhs | ₹8,000 | ₹1,440 | ₹9,440 |
| 40 Lakhs to 60 Lakhs | ₹12,000 | ₹2,160 | ₹14,160 |
| 60 Lakhs to 80 Lakhs | ₹16,000 | ₹2,880 | ₹18,880 |
| 80 Lakhs to 1 Crore | ₹20,000 | ₹3,600 | ₹23,600 |
| 1 Crore to 1.5 Crores | ₹24,000 | ₹4,320 | ₹28,320 |
| 1.5 Crore to 2 Crores | ₹28,000 | ₹5,040 | ₹33,040 |
| 2 Crore to 2.5 Crores | ₹32,000 | ₹5,760 | ₹37,760 |
| 2.5 Crore to 3 Crores | ₹36,000 | ₹6,480 | ₹42,480 |
| 3 Crore to 3.5 Crores | ₹40,000 | ₹7,200 | ₹47,200 |
| 3.5 Crore to 4 Crores | ₹44,000 | ₹7,920 | ₹51,920 |
| 4 Crore to 4.5 Crores | ₹48,000 | ₹8,640 | ₹56,640 |
| 4.5 Crore to 5 Crores | ₹52,000 | ₹9,360 | ₹61,360 |
Processing Fee
| Loan Amount | Credit & Loan Setup Fee | Insurance | Agreement Fee | G.S.T 18% | Total |
| 1 lakh | ₹1.000 | ₹2.000 | ₹ 4.000 | ₹1.260 | ₹8.260 |
| 2 lakhs | ₹2.000 | ₹4.000 | ₹ 4.000 | ₹1.800 | ₹11.800 |
| 3 lakhs | ₹3.000 | ₹6.000 | ₹ 4.000 | ₹2.340 | ₹15.340 |
| 4 lakhs | ₹4.000 | ₹8.000 | ₹ 4.000 | ₹2.880 | ₹18.880 |
| 5 lakhs | ₹5.000 | ₹9.000 | ₹ 4.000 | ₹3.240 | ₹21.240 |
| 6 lakhs | ₹6.000 | ₹10.200 | ₹ 4.000 | ₹3.636 | ₹23.836 |
| 7 lakhs | ₹7.000 | ₹11.900 | ₹ 4.000 | ₹4.122 | ₹27.022 |
| 8 lakhs | ₹8.000 | ₹13.600 | ₹ 4.000 | ₹4.608 | ₹30.208 |
| 9 lakhs | ₹9.000 | ₹15.300 | ₹ 4.000 | ₹5.094 | ₹33.394 |
| 10 lakhs | ₹10.000 | ₹17.000 | ₹ 4.000 | ₹5.580 | ₹36.580 |
| 11 lakhs | ₹11.000 | ₹16.500 | ₹ 4.000 | ₹5.670 | ₹37.170 |
| 12 lakhs | ₹12.000 | ₹18.000 | ₹ 4.000 | ₹6.120 | ₹40.120 |
| 13 lakhs | ₹13.000 | ₹19.500 | ₹ 4.000 | ₹6.570 | ₹43.070 |
| 14 lakhs | ₹14.000 | ₹21.000 | ₹ 4.000 | ₹7.020 | ₹46.020 |
| 15 lakhs | ₹15.000 | ₹22.500 | ₹ 4.000 | ₹7.470 | ₹48.970 |
| 16 lakhs | ₹16.000 | ₹24.000 | ₹ 4.000 | ₹7.920 | ₹51.920 |
| 17 lakhs | ₹17.000 | ₹25.500 | ₹ 4.000 | ₹8.370 | ₹54.870 |
| 18 lakhs | ₹18.000 | ₹27.000 | ₹ 4.000 | ₹8.820 | ₹57.820 |
| 19 lakhs | ₹19.000 | ₹28.500 | ₹ 4.000 | ₹9.270 | ₹60.770 |
| 20 lakhs | ₹20.000 | ₹30.000 | ₹ 4.000 | ₹9.720 | ₹63.720 |
| 21 lakhs | ₹21.000 | ₹31.500 | ₹ 4.000 | ₹10.170 | ₹66.670 |
| 22 lakhs | ₹22.000 | ₹33.000 | ₹ 4.000 | ₹10.620 | ₹69.620 |
| 23 lakhs | ₹23.000 | ₹34.500 | ₹ 4.000 | ₹11.070 | ₹72.570 |
| 24 lakhs | ₹24.000 | ₹36.000 | ₹ 4.000 | ₹11.520 | ₹75.520 |
| 25 lakhs | ₹25.000 | ₹37.500 | ₹ 4.000 | ₹11.970 | ₹78.470 |
| 26 lakhs | ₹26.000 | ₹39.000 | ₹ 4.000 | ₹12.420 | ₹81.420 |
| 27 lakhs | ₹27.000 | ₹40.500 | ₹ 4.000 | ₹12.870 | ₹84.370 |
| 28 lakhs | ₹28.000 | ₹42.000 | ₹ 4.000 | ₹13.320 | ₹87.320 |
| 29 lakhs | ₹29.000 | ₹43.500 | ₹ 4.000 | ₹13.770 | ₹90.270 |
| 30 lakhs | ₹30.000 | ₹45.000 | ₹ 4.000 | ₹14.220 | ₹93.220 |
| 31 lakhs | ₹31.000 | ₹46.500 | ₹ 4.000 | ₹14.670 | ₹96.170 |
| 32 lakhs | ₹32.000 | ₹48.000 | ₹ 4.000 | ₹15.120 | ₹99.120 |
| 33 lakhs | ₹33.000 | ₹49.500 | ₹ 4.000 | ₹15.570 | ₹1.02.070 |
| 34 lakhs | ₹34.000 | ₹51.000 | ₹ 4.000 | ₹16.020 | ₹1.05.020 |
| 35 lakhs | ₹35.000 | ₹52.500 | ₹ 4.000 | ₹16.470 | ₹1.07.970 |
| 36 lakhs | ₹36.000 | ₹54.000 | ₹ 4.000 | ₹16.920 | ₹1.10.920 |
| 37 lakhs | ₹37.000 | ₹55.500 | ₹ 4.000 | ₹17.370 | ₹1.13.870 |
| 38 lakhs | ₹38.000 | ₹57.000 | ₹ 4.000 | ₹17.820 | ₹1.16.820 |
| 39 lakhs | ₹39.000 | ₹58.500 | ₹ 4.000 | ₹18.270 | ₹1.19.770 |
| 40 lakhs | ₹40.000 | ₹60.000 | ₹ 4.000 | ₹18.720 | ₹1.22.720 |
| 41 lakhs | ₹41.000 | ₹61.500 | ₹ 4.000 | ₹19.170 | ₹1.25.670 |
| 42 lakhs | ₹42.000 | ₹63.000 | ₹ 4.000 | ₹19.620 | ₹1.28.620 |
| 43 lakhs | ₹43.000 | ₹64.500 | ₹ 4.000 | ₹20.070 | ₹1.31.570 |
| 44 lakhs | ₹44.000 | ₹66.000 | ₹ 4.000 | ₹20.520 | ₹1.34.520 |
| 45 lakhs | ₹45.000 | ₹67.500 | ₹ 4.000 | ₹20.970 | ₹1.37.470 |
| 46 lakhs | ₹46.000 | ₹69.000 | ₹ 4.000 | ₹21.420 | ₹1.40.420 |
| 47 lakhs | ₹47.000 | ₹70.500 | ₹ 4.000 | ₹21.870 | ₹1.43.370 |
| 48 lakhs | ₹48.000 | ₹72.000 | ₹ 4.000 | ₹22.320 | ₹1.46.320 |
| 49 lakhs | ₹49.000 | ₹73.500 | ₹ 4.000 | ₹22.770 | ₹1.49.270 |
| 50 lakhs | ₹50.000 | ₹75.000 | ₹ 4.000 | ₹23.220 | ₹1.52.220 |
| 51 lakhs | ₹51.000 | ₹76.500 | ₹ 4.000 | ₹23.670 | ₹1.55.170 |
| 52 lakhs | ₹52.000 | ₹78.000 | ₹ 4.000 | ₹24.120 | ₹1.58.120 |
| 53 lakhs | ₹53.000 | ₹79.500 | ₹ 4.000 | ₹24.570 | ₹1.61.070 |
| 54 lakhs | ₹54.000 | ₹81.000 | ₹ 4.000 | ₹25.020 | ₹1.64.020 |
| 55 lakhs | ₹55.000 | ₹82.500 | ₹ 4.000 | ₹25.470 | ₹1.66.970 |
| 56 lakhs | ₹56.000 | ₹84.000 | ₹ 4.000 | ₹25.920 | ₹1.69.920 |
| 57 lakhs | ₹57.000 | ₹85.500 | ₹ 4.000 | ₹26.370 | ₹1.72.870 |
| 58 lakhs | ₹58.000 | ₹87.000 | ₹ 4.000 | ₹26.820 | ₹1.75.820 |
| 59 lakhs | ₹59.000 | ₹88.500 | ₹ 4.000 | ₹27.270 | ₹1.78.770 |
| 60 lakhs | ₹60.000 | ₹90.000 | ₹ 4.000 | ₹27.720 | ₹1.81.720 |
| 61 lakhs | ₹61.000 | ₹91.500 | ₹ 4.000 | ₹28.170 | ₹1.84.670 |
| 62 lakhs | ₹62.000 | ₹93.000 | ₹ 4.000 | ₹28.620 | ₹1.87.620 |
| 63 lakhs | ₹63.000 | ₹94.500 | ₹ 4.000 | ₹29.070 | ₹1.90.570 |
| 64 lakhs | ₹64.000 | ₹96.000 | ₹ 4.000 | ₹29.520 | ₹1.93.520 |
| 65 lakhs | ₹65.000 | ₹97.500 | ₹ 4.000 | ₹29.970 | ₹1.96.470 |
| 66 lakhs | ₹66.000 | ₹99.000 | ₹ 4.000 | ₹30.420 | ₹1.99.420 |
| 67 lakhs | ₹67.000 | ₹1.00.500 | ₹ 4.000 | ₹30.870 | ₹2.02.370 |
| 68 lakhs | ₹68.000 | ₹1.02.000 | ₹ 4.000 | ₹31.320 | ₹2.05.320 |
| 69 lakhs | ₹69.000 | ₹1.03.500 | ₹ 4.000 | ₹31.770 | ₹2.08.270 |
| 70 lakhs | ₹70.000 | ₹1.05.000 | ₹ 4.000 | ₹32.220 | ₹2.11.220 |
| 71 lakhs | ₹71.000 | ₹1.06.500 | ₹ 4.000 | ₹32.670 | ₹2.14.170 |
| 72 lakhs | ₹72.000 | ₹1.08.000 | ₹ 4.000 | ₹33.120 | ₹2.17.120 |
| 73 lakhs | ₹73.000 | ₹1.09.500 | ₹ 4.000 | ₹33.570 | ₹2.20.070 |
| 74 lakhs | ₹74.000 | ₹1.11.000 | ₹ 4.000 | ₹34.020 | ₹2.23.020 |
| 75 lakhs | ₹75.000 | ₹1.12.500 | ₹ 4.000 | ₹34.470 | ₹2.25.970 |
| 76 lakhs | ₹76.000 | ₹1.14.000 | ₹ 4.000 | ₹34.920 | ₹2.28.920 |
| 77 lakhs | ₹77.000 | ₹1.15.500 | ₹ 4.000 | ₹35.370 | ₹2.31.870 |
| 78 lakhs | ₹78.000 | ₹1.17.000 | ₹ 4.000 | ₹35.820 | ₹2.34.820 |
| 79 lakhs | ₹79.000 | ₹1.18.500 | ₹ 4.000 | ₹36.270 | ₹2.37.770 |
| 80 lakhs | ₹80.000 | ₹1.20.000 | ₹ 4.000 | ₹36.720 | ₹2.40.720 |
| 81 lakhs | ₹81.000 | ₹1.21.500 | ₹ 4.000 | ₹37.170 | ₹2.43.670 |
| 82 lakhs | ₹82.000 | ₹1.23.000 | ₹ 4.000 | ₹37.620 | ₹2.46.620 |
| 83 lakhs | ₹83.000 | ₹1.24.500 | ₹ 4.000 | ₹38.070 | ₹2.49.570 |
| 84 lakhs | ₹84.000 | ₹1.26.000 | ₹ 4.000 | ₹38.520 | ₹2.52.520 |
| 85 lakhs | ₹85.000 | ₹1.27.500 | ₹ 4.000 | ₹38.970 | ₹2.55.470 |
| 86 lakhs | ₹86.000 | ₹1.29.000 | ₹ 4.000 | ₹39.420 | ₹2.58.420 |
| 87 lakhs | ₹87.000 | ₹1.30.500 | ₹ 4.000 | ₹39.870 | ₹2.61.370 |
| 88 lakhs | ₹88.000 | ₹1.32.000 | ₹ 4.000 | ₹40.320 | ₹2.64.320 |
| 89 lakhs | ₹89.000 | ₹1.33.500 | ₹ 4.000 | ₹40.770 | ₹2.67.270 |
| 90 lakhs | ₹90.000 | ₹1.35.000 | ₹ 4.000 | ₹41.220 | ₹2.70.220 |
| 91 lakhs | ₹91.000 | ₹1.36.500 | ₹ 4.000 | ₹41.670 | ₹2.73.170 |
| 92 lakhs | ₹92.000 | ₹1.38.000 | ₹ 4.000 | ₹42.120 | ₹2.76.120 |
| 93 lakhs | ₹93.000 | ₹1.39.500 | ₹ 4.000 | ₹42.570 | ₹2.79.070 |
| 94 lakhs | ₹94.000 | ₹1.41.000 | ₹ 4.000 | ₹43.020 | ₹2.82.020 |
| 95 lakhs | ₹95.000 | ₹1.42.500 | ₹ 4.000 | ₹43.470 | ₹2.84.970 |
| 96 lakhs | ₹96.000 | ₹1.44.000 | ₹ 4.000 | ₹43.920 | ₹2.87.920 |
| 97 lakhs | ₹97.000 | ₹1.45.500 | ₹ 4.000 | ₹44.370 | ₹2.90.870 |
| 98 lakhs | ₹98.000 | ₹1.47.000 | ₹ 4.000 | ₹44.820 | ₹2.93.820 |
| 99 lakhs | ₹99.000 | ₹1.48.500 | ₹ 4.000 | ₹45.270 | ₹2.96.770 |
| 1 crore | ₹1.00.000 | ₹1.50.000 | ₹ 4.000 | ₹45.720 | ₹2.99.720 |
| 2 crores | ₹2.00.000 | ₹3.00.000 | ₹ 4.000 | ₹90.720 | ₹5.94.720 |
| 3 crores | ₹3.00.000 | ₹4.50.000 | ₹ 4.000 | ₹1.35.720 | ₹8.89.720 |
| 4 crores | ₹4.00.000 | ₹6.00.000 | ₹ 4.000 | ₹1.80.720 | ₹11.84.720 |
| 5 crores | ₹5.00.000 | ₹7.50.000 | ₹ 4.000 | ₹2.25.720 | ₹14.79.720 |