Charges
| Processing Fees | Charges | Remarks |
|---|---|---|
| Upto 3% of loan amount | Taken at the time of loan agreement execution |
Other Charges
| Items | Charges | Remarks |
|---|---|---|
| Repayment instrument swap charges | ₹500 | Per repayment change request |
| List of document charges | ₹1000 | per request for copies / list of documents |
| Duplicate No Objection certificate / No Due Certificate | ₹500 | Request in addition to bank's issued letter |
| Other Statutory / Mortgage creation charges e.g. Stamp duty, MOD, MOE, etc. | on actuals | As applicable for each state for creation of mortgage |
| Cancellation and rebooking | • ₹10,000 towards Cancellation in case of uncashed disbursal Cheque • ₹10,000 + Interest from date of disbursal till receipt of cancellation request, in case of encased disbursal Cheque |
|
| Loan rescheduling charges | ₹ 1000 | |
| PHYSICAL REPAYMENT SCHEDULE | ₹500 | |
| PHYSICAL STATEMENT OF ACCOUNT | ₹500 | |
| CHEQUE SWAP CHARGES | ₹500 | |
| INITIAL MONEY DEPOSIT CHARGE | ₹6500 | |
| DOCUMENT RETRIEVAL CHARGES (PER RETRIEVAL ) | ₹500 | |
| STAMPING CHARGES | As per actuals |
Charges on account of delayed payments / defaults
| Items | Charges | Remarks |
|---|---|---|
| Late Payment/Penal Charges/Default | 2% of the unpaid EMI or ₹300 whichever is higher | |
| EMI Pickup/ Collection Charges | ₹350 | |
| EMI bounce charges | ₹400 | For each presentation dishonoured |
Switch Fees
| Itesm | Charges | Remarks |
|---|---|---|
| Switch Fees | Principal Outstanding< 3 Crs - ₹5000 + GST Principal Outstanding >= 3 Crs - ₹10,000 + GST |
Switch Fees is applicable for Variable rate loans for conversion from MCLR to EBR applicable on the outstanding loan amount. |
Re-pricing Fees
| Itesm | Charges | Remarks |
|---|---|---|
| Re-pricing Fees | 1/2 of rate drop given to the customer as a % or ₹10000, whichever is higher |
Re-pricing Fee will be charged on loan outstanding. At the request of the borrower, bank at its sole discretion may permit the borrower for repricing of the loan. |
Part prepayment charges (terms as per sanction letter to supersede charges and agreement)
• For Floating rate loans - Nil charges for individual borrower with personal use.
• NIL charges upto a maximum of 20% of principal outstanding - allowed only once with a gap of 12 months
• For Floating rate non-individual borrower or individuals with business use - 4% of principal outstanding if <=24 EMIs are cleared
• For Floating rate non-individual borrower or individuals with business use - 3% of principal outstanding if >24 EMIs are cleared
• For Fixed rate loans - 5% of principal outstanding
• For Fixed Rate MSME loans up to 50 lacs - Nil charges
Foreclosure charges
• For individual borrower with personal use - Nil charges
• For Floating rate non-individual borrower or individuals with business use - 4% of principal outstanding if <=24 EMIs are cleared
• For non-individual borrower or individuals with business use with >24 EMI’s cleared - 3% of principal outstanding
• For Fixed rate loans - 5% of principal outstanding
• For Fixed Rate MSME loans upto 50 lacs - Nil charges
