The processing fee for availing a loan at Zerodha Capital is 0.25% of the loan amount or Rs. 25,000, whichever is lower, along with 18% GST, plus a stamp duty of Rs. 500 charged as per the Government of Karnataka. It is non-refundable and is deducted from your disbursed loan amount automatically before the money reaches your bank account.
Example on a Rs. 1,00,000 loan
| Description | Amount (Rs.) |
|---|---|
| Availed loan | 1,00,000 |
| Processing fee (0.25% on Rs. 1,00,000) | 250 |
| GST (18% on Rs. 250) | 45 |
| Stamp duty | 500 |
| Total deducted | 795 |
| Amount received in your bank | 99,205 |
The Rs. 500 stamp duty is charged as per the Department of Stamps and Registration, Government of Karnataka, for the loan agreement. The processing fee is deducted on every disbursement, including new loans, top-up loans and additional disbursements.
Full list of charges
All charges below are non-refundable.
Charges paid to Zerodha Capital Private Limited
| Charge | Amount |
|---|---|
| Processing fee per disbursement | 0.25% of the loan amount or Rs. 25,000, whichever is lower, + 18% GST on the fee |
| Confiscation charges (equity) | 0.7% + 18% GST on 0.7% of the sell value |
| Confiscation charges (equity mutual fund) | 1.5% + 18% GST on 1.5% of the sell value |
| Interest rate | As per your loan amount slab |
| Penal charges | 18% per annum |
Charges paid to your depository participant (DP)
| Charge | Amount |
|---|---|
| Pledging (per request per ISIN) | Rs. 32 + 18% GST |
| Unpledging (per request per PSN) | Rs. 32 + 18% GST |
| Stamp duty (Govt. of Karnataka) | Rs. 500 |
Penal charges are levied only when there is a default in the payment of monthly interest. DP charges are applicable across brokers. Interest and penal rates are subject to change from time to time.