- Payment Gateway Fees:
- Flat Fees charged to the Investee when returning funds (making monthly payments) to the Investor
- Generally, 2.5% of the Total Amount of the Transaction
- Charged against every payment made by Investee
- This fee is completely charged by our Payment Gateway Provider: SSL Commerce
- Shadhin App Fees (One time)
- One-time fees charged by Shadhin App for all the services provided to the Investee
- One Time Flat Fee: 3%
- Charged before disbursing the funding to the Investee, i.e. the final amount received by Investee is the amount deducted from Funding Request
- Shadhin Community Fee for Investors:
- Flat Fee that is provided to the Investor as a return for being a part of the Shadhin Community and providing funding to potential Investee
- Flat Fee: 2.5%
- Investee pays the flat fee on the Total Funding Amount, through the term of the funding (e.g. if Funding is 20,000 for a 2-month term, the flat fee would be 500 in Month 1 and 500 in Month 2)
- Late / Recovery Fee:
- If investee delays in paying his monthly funding amount by 30 days, he will be charged a late / recovery fee on the “Funding Amount” that was owed for that period for which he was late
- The amount of late fee is 2% per month for the Funding amount
- The late fee will continue to be incurred over the duration of the period it is late
- The late fee will be charged only on the delayed principal amount of EMI.
*Shadhin has the right to change any fees and charges.