Commercial Vehicle Loan

Fees & Charges

Pre-Sales

Processing fees (Non-Refundable)	Up to 5% of the Loan Amount
Documentation charges	Up to INR 20,000/-
Stamp Duty	At Actuals
Valuation	At Actuals
Asset Verification	At Actuals

Post-Sales

Processing fees (Non-Refundable)	Up to 5.0% of the Loan Amount
Documentation Charges	Up to INR 20,000/-
Stamp Duty	At Actuals
Valuation	At Actuals
Asset Verification	At Actuals
EMI Return	Up to INR 500/- per EMI bounce 7.5% of EMI (Subject to minimum 400/- & maximum 1000/-) + GST
Late Payment	Up to 2% per month on outstanding (Principal, interest) instalment
Cheque/ECS Swap	Up to INR 500/- per transaction [Other bank to IDFC swapping - nil]
Duplicate Amortization Schedule	Up to INR 200/- per schedule
Loan Re-scheduling /Rebooking	Up to INR 1500/- per loan
Duplicate/Special NOC	Up to INR 500/- per instance
Statement of Account	Up to INR 200/- per statement
Foreclosure/Prepayment	Up to 5. 0% of the principal outstanding. 0-For Micro and Small enterprises if loan amount is <=Rs 0.5 cr. 5% - For Micro and small enterprises if loan is >Rs 0.5 cr. 5% - For individual and medium enterprises
Part Payment charges (if applicable)	Up to 5% of the principal outstanding
Legal/Collection/Repossession and Incidental Charges	At Actuals
Loan Cancellation	Loan Cancellation Charges INR 1000/- + GST and Interest from the date of disbursal till the receipt of Loan cancellation request. (Gap interest to be borne by customer along with No refund/waiver of Processing fee, Stamp Duty and any other charges)

Post-Sales GST, as applicable, will be levied on all service charges. The above Schedule of Charges is subject to be revised from time to time by the Bank, as will be updated on the official website of the Bank.

Interest Rate

Product type	ROI%
Commercial Vehicle Loan	ROI Starting from 9%*

* T&C Apply

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