Interest Rate Policy

Last Updated: October 19, 2025

This Interest Rate Policy outlines how Tridham Global Financial Services determines and applies interest rates on education loans.

1. Interest Rate Structure

• Base Rate: Starting from 8.5% p.a. for excellent credit profiles
• Maximum Rate: Up to 14% p.a. depending on risk assessment
• Rate Type: Both fixed and floating rate options available
• Review Frequency: Rates reviewed quarterly based on market conditions

2. Factors Determining Interest Rates

Your applicable interest rate is determined based on the following factors:

3. Fixed vs Floating Interest Rates

4. Interest Calculation Method

• Method: Reducing Balance Method (interest calculated on outstanding principal)
• Compounding: Monthly compounding of interest
• Moratorium Period: Simple interest charged during study period
• EMI Calculation: [P x R x (1+R)^N] / [(1+R)^N-1]
• Prepayment Impact: Interest recalculated on reduced principal

5. Rate Change Conditions

For Floating Rate Loans:

• Rates may be revised quarterly based on RBI repo rate changes
• 30 days advance notice will be provided for rate changes
• Changes communicated via email, SMS, and loan portal
• You can switch to fixed rate (subject to applicable charges)

For Fixed Rate Loans:

• Interest rate locked for entire loan tenure
• No mid-term rate changes
• Option to switch to floating rate after 2 years (fees may apply)

6. Interest During Moratorium

• Moratorium period: Course duration + 6-12 months
• Option A: Pay simple interest during moratorium (recommended)
• Option B: Interest gets added to principal (capitalization)
• Option A reduces total interest burden significantly
• Interest paid during moratorium eligible for Section 80E tax deduction
• Interest accrual starts from disbursement date

7. RBI Guidelines Compliance

• All interest rates comply with RBI guidelines for NBFCs
• Transparent disclosure of all interest components
• Annual Percentage Rate (APR) disclosed in loan documents
• No hidden charges in interest calculation
• Fair Practices Code followed in rate determination
• Non-discriminatory pricing policy

8. Rate Review and Transparency

• Interest rates reviewed quarterly by Asset-Liability Committee (ALCO)
• Current rates published on website and updated regularly
• Personalized rate quote provided during application process
• Final rate mentioned clearly in sanction letter
• Complete EMI schedule provided at disbursement
• Rate change notifications sent 30 days in advance

9. Contact for Rate Information

For personalized interest rate quote or clarifications on this policy:

• Email: info@tridhamglobal.com
• Phone: +91 88869 23456

We maintain complete transparency in our interest rate policy. Your specific rate will be determined after comprehensive assessment and clearly communicated before loan acceptance.