A loan transaction is always governed by the terms and conditions agreed upon by the borrowers at the time of availing such facility. In case of any default /non-compliance / breach of such terms and conditions, the company reserves its right to initiate appropriate action or proceed legally against the borrowers in terms of the loan agreement and in accordance to the applicable law. Legal fees are therefore applied when certain action needs to be taken against such borrowers. There are several kinds of legal fees that may be applied.