Loan against Property Fees & Charges

Processing Fees	Charges	Remarks
	Upto 3% of loan amount	Taken at the time of loan agreement execution

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

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

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.

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.

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.

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.

• 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

• 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

All loans disbursed on or before 30th September 2019 would continue to be linked with MCLR.

Loans booked from 1st October 2019 onwards which are linked with EBR (External Benchmark Rate) would be reset every 3 months.

Loan Against Property Fees and Charges

Charges

Other Charges

Charges on account of delayed payments / defaults

Switch Fees

Re-pricing Fees

Part prepayment charges (terms as per sanction letter to supersede charges and agreement)

Foreclosure charges

Interest Rate

Re-Pricing frequency

Calculate your Loan Against Property EMI

Compliments

Service Request

Complaints

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