| UPFRONT CHARGES (CHARGES BEFORE DISBURSEMENT) |
| Processing Charges |
2%+GST(on the sanctioned value) to be collected before disbursement or deducted from first disbursement |
| Stamp Duty |
As per applicable law of the state |
| Non Encumbrance Certificate / Search Report |
As per actual |
| Valuation / Technical Fee |
Rs 2500/- per property offered as mortgage + GST |
| CERSAI : At the time of disbursement : Creation of charge |
Rs 50 + Applicable GST for loans upto Rs 5 lac |
| Rs 100 + Applicable GST for loans above Rs 5 lac |
| CUSTOMER SERVICE CHARGES |
| Creation of charge |
Rs 100 + Applicable GST for loans above Rs 5 lac |
| Rs 100 + Applicable GST for loans above Rs 5 lac |
| Prepayment Charges |
Part-Prepayment/Foreclosure of Home Loan on Variable/Floating rate of Interest :- No Prepayment charges.
Part-Prepayment/Foreclosure of Home loan on Fixed rate of Interest:- No prepayment charges, if loan is foreclosed through own source.
However if payment is made by borrowing from a bank/HFC/NBFC and/or a Financial Institution, then prepayment charges as follows:
1. 5% + GST as applicable in Pre-closure charges would be levied on principle o/s & all part prepayments done in case loan is closed within 12 months of the first disbursement.
2. 3% + GST as applicable in pre-closure charges would be levied on principle o/s & all part prepayment done in last 12 months in case loan is closed after 12 months of the first disbursement. Non Indivual Home loan would attract the same charges as mentioned above. |
| Cheque/ECS/ACH Bounce Charges (Per Instrument/Transaction) |
Cheque return charges of Rs 500/- + GST as applicable as per instrument is payable in case of a is honoured cheque or ECS or ACH |
| Late payment interest |
3% per month compound for number of days delayed in PEMI/EMI |
| Duplicate No dues certificate |
Rs 500 + GST |
| Copy of property documents |
Rs 500 + GST |
| Charges for missed due date |
Rs 200 + GST |
| Cancellation Charges/Fees |
If request received within 7 days of the disbursement - Only Rs.1000/- + GST , if received after 7 days of the disbursement - Rs 1000/- + GST & PEMI till the cancellation request |
| Document retrieval charges |
Rs 500 + GST |
| Duplicate Annual Account statement, provisional certificate |
Rs 500 + GST |
| Loan repayment/closure(fully) statement/SOA/Repayment schedule charges |
Rs 500 + GST |
| Each personal visit to customers place for collection of dues |
Rs 250 + GST |
| Disbursement cheque cancellation & re-issuance |
Rs 1000/- + GST & PEMI will be charged |
| Disbursement cancellation (Deal postponed etc) |
If request received within 7 days of the disbursement - Only Rs.1000/- + GST , if received after 7 days of the disbursement - Rs 1000/- + GST & PEMI till the cancellation request |
| Cheque/ECS swapping Charges (per set) |
| PDC to PDC |
Rs 1000 + GST |
| PDC to ECS |
NIL |
| ECS to ECS |
Rs 1000 + GST |
| ECS to PDC |
Rs 1000 + GST |
| CHARGES AT THE TIME OF FORECLOSURE |
| Cash collection charges |
Rs 5/- per thousand for cash collection + GST |
| CERSAI: At the time of Loan closure :- Satisfaction of charges(removal of lien) |
NIL |
| Document custodian fees |
Rs 500 + GST per month (Chargeable after 30 days of closure in the loan account) |