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Car Loan Fees and Charges

Pre-owned / New Car Loans Fees and Charges

Products/Type of charges* USED CAR/NEW CAR
EMI Bounce charges per presentation 2% per month of the unpaid EMI or Rs 300 whichever is higher
Cheque Swap charges (per swap) 500
Cancellation & Rebooking charges 10000 towards Cancellation. + Additional Interest charges from date of disbursal till receipt of cancellation. Cancellation to be received within 30 days or 1st EMI presentation date whichever is earlier. Post which it will be treated as foreclosure.
Foreclosure / Prepayment charges* 5% of principle outstanding amount
Loan re scheduling charges (per re scheduling) NA
Physical Repayment Schedule 500
Physical Statement of Account 500
Document retrieval charges (per retrieval) 500
Stamping Charges As per actuals
Processing fees Up to 3.5% of the total amount
List of Documents NA
Part Payment charges Part Payment is not allowed
Initial Money Deposit/ Application Fees (Non-refundable) NA
EBC Replacement Fee (if EBC Applicable) 100
EBC & Push Card Annual Fee (if Applicable) 99
EMI Pickup/ Collection Charges 350
Admin Charges(If Applicable) 2500
Valuation Charges(If Applicable) 600
PDD Charges 500
Legal/Collections/ Repossession & Incidental Charges As per actuals

*Charges above are exclusive of GST

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