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Car Loan Fees and Charges

New Car Loans Fees and Charges

Pre Sales charges
 

Products/Type of charges* New car loan
Stamping Charges As per actuals
Processing fees Up to ₹10000 (Inclusive of GST)
Insurance If applicable
Loan Management Fee/ Bundled Fee (If applicable) Up to ₹10000 (Inclusive of GST)
PDD Charges Upto 2000 + GST 

 

Post Sales charges
 

Products/Type of charges* New car loan
EMI Bounce charges (per presentation) 7.5% of EMI Outstanding or 400 whichever is higher with maximum capping of 1000 (Exclusive of GST)
Cheque Swap charges (per swap) NA
Cancellation & Rebooking charges ₹10000+GST towards Cancellation, Cancellation to be received within 30 days or 1st EMI presentation date whichever is earlier. Post which it will be treated as foreclosure.
Note: Cases beyond 30 days would be treated towards cancellation only with requisite approval
Foreclosure / Prepayment charges 5% of principle outstanding amount if booked on Fixed ROI (+GST)
Physical Repayment Schedule ₹500 + GST
Physical Statement of Account ₹500 + GST
Document retrieval charges (per retrieval) ₹500 + GST
Part Payment charges 5% of part payment + GST
Interest Rate Switch Fee ₹1000 (Inclusive of GST)
EMI Pickup/ Collection Charges ₹500 + GST
Legal/Collections/ Repossession & Incidental Charges As per actuals
Late payment/Penal charges/ Overdue (per month) 2% per month of the unpaid EMI or ₹300 whichever is higher + GST
Duplicate No
Objection Certificate (NOC)
Issuance Charges
  • ₹500 Exclusive of GST

  • Special NOC charges ₹500 Exclusive of GST

  • Commercial NOC - ₹2250 Exclusive of GST

  • Inter-State NOC Exclusive of GST Refundable Security Deposit (non-interest bearing) of ₹5,000 will be taken. It will be the borrower’s responsibility to provide the transferred Registration Certificate to the bank. In addition, NOC charge would be ₹500 Exclusive of GST
    		•
    Transaction/Other Fees (if applicable) As per Actuals
    Easy Buy Card Replacement Fee (If Easy Buy Card Applicable) NIL
    Easy Buy Card Annual Fee (If Easy Buy Card Applicable) NIL

    Any changes in fees/charges will be effective prospectively.

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