Our Interest Rate and Service Charges
for Digital Lending
StuCred™
Extension Options
Borrowers can avail 4 extensions of 30 days each
if unable to repay on or before the due date by
paying the following upfront charges:
Extension 1: 7% + GST on the loan amount.
Extension 2: 7.5% + GST on the loan amount.
Extension 3: 8% + GST on the loan amount.
Extension 4: 8.5% + GST on the loan amount.
StuCred™
Extension Options
Processing Fee: One-time upfront deduction of 7% + GST from the loan amount.
APR: 99.12%
Penal Charges: Penal Charges consist of default service charges and daily late fees.
Default Service Charge: 7% + GST on loan amount added to the loan amount on DPD 1 and added every 31st DPD thereafter.
APR: 99.12%
Penal Charges: Penal Charges consist of default service charges and daily late fees.
Default Service Charge: 7% + GST on loan amount added to the loan amount on DPD 1 and added every 31st DPD thereafter.
Daily Late Fees
Rs.5 on loan amount ₹500-₹2500
Rs.10 on loan amount ₹3000-₹5000
Rs.15 on loan amount ₹5500-₹7500
Rs.20 on loan amount ₹8000-₹10000
Rs.25 on loan amount ₹10500-₹12500
Rs.30 on loan amount ₹13000-₹15000
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Traditional Lending
Loan Tenure: No specific period, based on the terms agreed
Interest Rate: 12%-24% Based on the risk.
Processing fees: No processing fee.
Default Service Charge: No default charges
Kreon Finnancial drives financial inclusion through innovative, tech-enabled solutions, fostering trust, accessibility, and growth for underserved communities nationwide.
CIN Number
CIN - L65921TN1994PLC029317
Type of registration with RBI
Non-Banking Financial Company
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