Education Loan Fees & Charges

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Charges

Types of Charges	Charges
Processing fees	Up to Rs. 7.5 Lacs – NIL Above Rs. 7.5 Lacs -Up to 1.5%* of the Loan Amount or as per any special scheme run by the bank.
Stamping Charges	As per actuals
Cancellation charges	1%* of the loan amount + interest accrued from date of disbursal till receipt of cancellation request Cancellation request to be received within 30 days or 1st EMI presentation date, post which cancellation will be treated as foreclosure
Foreclosure / Prepayment charges**	NIL
Loan re-scheduling charges (per re scheduling)	NIL
Part Payment charges	NIL
Initial Money Deposit Charges	NA
** Applicable only for individual borrowers

EMI related charges

Types of Charges	Charges
EMI Bounce charges per presentation	7.5% of EMI bounced with minimum charge of Rs. 400 & maximum of Rs. 1000 (excluding GST)
Penal charges (per month)	2%* per month of the unpaid EMI or INR 300* whichever is higher
EMI Pickup/ Collection Charges	INR 500*
Cheque swap charges (per swap)	NIL

Other charges

Types of Charges	Charges
Duplicate No Objection Certificate Issuance Charges	INR 500*
Physical Repayment Schedule	INR 500*
Physical Statement of Account	INR 500*
Document retrieval charges (per retrieval)	INR 500*
List of Documents	INR 500*
Switching charges(Switch from Floationg to Fixed Rate)	0.1% of sanctioned loan amount or Rs. 10,000/- whichever is lower,excluding applicable taxes

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.

*Terms & Conditions Apply

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