Health EMI Network Card fees and charges

FEES AND CHARGES

The following charges are applicable on Health EMI Network Card:

Type of fees

Charges applicable

Health EMI Card Network Card fee - Gold

Rs. 707/- (inclusive of applicable taxes)

Health EMI Card Network Card fee - Platinum

Rs. 999/-(inclusive of applicable taxes)

Annual fee

Up to Rs. 117/- (inclusive of applicable taxes). Annual fee will only be charged to the Health EMI Network Card holders who have not availed any loan using the Health EMI Network Card in the preceding year. The duration of the preceding year is calculated 12 months from last year’s validity month, which is printed on the face of your Health EMI Network Card. For example, if the Health EMI Network Card is issued in the month of February 2019 (referred to as ‘Member Since’, on the Health EMI Network Card) the date for payment of the annual fee will be March 2020.

The following charges are applicable for availing loan limit through Health EMI Network Card:

Processing fee

Up to Rs. 1,017/- (inclusive of applicable taxes) collected upfront.

Bounce charges

In case of default of repayment instrument Rs. 500/- per bounce will be levied.

Penal interest

Any delay in payment of monthly instalment shall attract penal interest at the rate of 42% per month on the instalment outstanding, from the respective due date until the date of receipt of monthly instalment.

Mandate rejection charges

Rs. 450/- per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered.

Mandate registration charges

Loan enhancement fees

Rs. 117/- (inclusive of applicable taxes) for temporary increase in Health EMI card limit for the loan transaction. Same will be charged only for increase in limit in excess of Rs. 999/- to be collected along with the first instalment.

Convenience fee

Full prepayment (foreclosure) charges

Nil, anytime post disbursal of loan.

Part prepayment charges

Nil, anytime post disbursal of loan.