Cash My Salary
Interest Rate & Charges Policy
Interest Rate & Charges Policy
This Interest Rate Policy outlines the principles, methodology, and transparency standards followed by Cashmysalary in determining interest rates and charges for all lending products. We are committed to fair, transparent, and risk-based pricing in full compliance with regulatory requirements.
Effective Date
Immediately upon publication
Policy Version
2.0
Last Updated
August 2026
Compliance
RBI Fair Practices Code
Objective of This Policy
The primary objective is to establish a structured framework for determining interest rates that balances market competitiveness, risk assessment, and regulatory requirements while ensuring customers receive clear and comprehensive pricing information.
Transparency
Clear disclosure of all interest rates and charges upfront
Fair Pricing
Risk-based pricing reflecting borrower profile and market conditions
Regulatory Compliance
Adherence to RBI guidelines and regulatory requirements
Governance & Approval Structure
Board of Directors
Final approval & annual review
Pricing Committee (ALCO)
Quarterly review of benchmark rates and spreads
Business Units
Implementation within approved framework
Interest Rate Determinants & Methodology
Cost-Based Factors
- • Cost of borrowed funds
- • Matching tenor costs and liquidity premiums
- • Operational costs including technology & compliance
- • Market liquidity conditions
Risk-Based Factors
- • Credit score & bureau history (CIBIL/Experian)
- • Income stability & repayment capacity
- • Loan tenure and purpose
- • Digital behavior score
- • Geographic risk assessment
Market & Strategic Factors
- • Competitor benchmarking
- • Regulatory requirements
- • Customer relationship value
- • Product-specific pricing strategies
Interest Rate Types & Structures
Fixed Interest Rates
Rate remains constant throughout tenure
- Applicable for tenure up to 36 months
- Predictable EMI payments
Floating Interest Rates
Linked to RBI Repo / External Benchmark
- Reset frequency: Quarterly
- Applicable for tenure above 36 months
Reducing Balance Method
Interest calculated on daily reducing balance
- Transparent & lower effective cost
- Fairer interest calculation
Charges, Fees & Penal Interest
| Charge Type | Amount/Rate | When Applicable |
|---|---|---|
| Processing Fee | Up to 10% of loan amount | At loan application |
| Penal Interest | 1.5% per day on overdue amount | After due date |
| Bouncing Charges | ₹1000 one time | After due date |
Note: All charges are exclusive of GST. Penal interest is calculated only on overdue amount. No charges are levied without explicit disclosure.
Transparency & Disclosure
- APR disclosed in sanction letter
- Complete EMI breakdown provided
- 7 days notice for any rate changes
- Digital access to loan documents
Grievance Redressal
Policy Review & Updates
- Quarterly market benchmark review
- Half-yearly regulatory compliance check
- Annual comprehensive board review
Any changes will be communicated with 30 days notice and will apply prospectively.
Regency Fincorp Limited
This Interest Rate Policy is a legally binding commitment to our customers and is enforced under applicable Indian laws and RBI regulations. We ensure fair, transparent, and competitive pricing across all our lending products.
