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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
Technical bounce charges	Charge rates would be same as applicable under EMI bounce charges

*Mandate Rejection technical Bounce Charges (for mandate rejected by your bank, to be charged for each month from 3rd consecutive bounce month onwards until the mandate is registered)

Any changes in fees/charges will be effective prospectively.

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