Effective as of April 1, 2024, the following clause apply:
Clause 6 and 7, pertaining to Interest on overdue EMI and Penal Charges on EMI default, are applicable to customers whose loan sanction and disbursement occur subsequent to April 1, 2024.
For existing customers, clause 6 and 7 (Interest on overdue EMI & Penal Charges on EMI default) take effect from July 1, 2024.