The cost of borrowing should be reviewed from the disclosures for the specific lender offer, not from a general marketing page alone. Pricing can vary by product, customer assessment, tenure and lender policy. Before accepting any loan, review the complete repayment obligation.
Pricing information to check
- Interest rate and the method used to calculate interest.
- Processing fee and applicable taxes.
- Net amount that will actually be disbursed after permitted deductions, where applicable.
- Total amount payable and the repayment due date or schedule.
- Late-payment, bounce, penal or other charges that may apply under the agreement.
- Prepayment or foreclosure terms, including any applicable charge.
Use the lender disclosure as the source of truth
Where a Key Fact Statement, sanction communication, loan agreement or similar lender disclosure is provided, review it carefully before acceptance. If figures shown on a website calculator differ from the final lender document, rely on the final applicable disclosure and seek clarification before proceeding.
Understand the difference between rate and total cost
A rate by itself does not show the complete cash impact of a loan. Review the interest amount together with fees, taxes and other permitted charges, and compare that total with the amount you will actually receive and repay.
If you do not understand a charge, due date or repayment figure, contact support and obtain clarification before accepting the loan terms.
Planning your repayment
Keep adequate balance available before the due date and use only verified Credit Baniya or lender payment channels. Retain payment receipts and review your customer account after payment.