1. Preface

This Interest Rate Policy is framed in accordance with guidelines issued by the :contentReference[oaicite:0]{index=0} for Non-Banking Financial Companies (NBFCs).

SSK Finance has adopted internal principles for determining interest rates, processing fees, and other charges based on regulatory guidance and sound governance practices.

2. Methodology

• Interest rates are determined based on cost of funds, operational expenses, and risk premium
• Borrower-specific factors such as credit profile, repayment capacity, and financial stability are considered
• Nature of loan (secured/unsecured) and tenure influence pricing
• Market conditions and competitive landscape are evaluated
• Rates are reviewed periodically by the Board
• Different customers may be charged different rates based on risk assessment

3. Product-wise Interest Structure

Key Factors Considered:

• Loan amount and tenure
• Creditworthiness of borrower
• Relationship and repayment history
• Operational and sourcing costs

4. General Policy Statement

The final interest rate applicable to each borrower is determined after evaluating cost of funds, operational expenses, credit risk, borrower profile, and regulatory requirements.

All rates are transparent, non-discriminatory, and communicated clearly at the time of sanction.

5. Penal Charges

• No penal interest is charged on delayed payments
• Penalties, if applicable, are applied only on overdue amounts
• No capitalization of penalties
• No additional components added to interest rate
• Penalties are reasonable and non-discriminatory
• No foreclosure charges on floating rate loans for individual borrowers

All penalties and charges are disclosed in loan agreements and Key Fact Statement (KFS).

6. Communication and Changes

• All loan terms including interest rate are communicated in writing
• Changes in rates are applied prospectively
• Customers are informed through appropriate communication channels
• Repayment schedule clearly specifies principal and interest components

Requests for waiver of charges are handled at the sole discretion of the Company.