Loan Against Property

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Loan Against Property Interest Rates India

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Schedule of Charges

Scheme Asset Power (Loan Against Property) Dropline Overdraft Against Property /
Commercial OD against Property
Loan Against Rent Receivables
Loan Processing Charges 1% + Service tax as applicable 1% + Service tax as applicable 1% + Service tax as applicable
Pre- Prepayment/
Foreclosure Charges
If any of the borrower is a non individual - 2% will be charged, if the amount pre-paid exceeds 25% of the principal outstanding during a quarter, otherwise no prepayment penalty. The quarter refers to calendar quarter. However no prepayment will be allowed in the first quarter after taking the loan.

If all borrowers are individuals - Nil
Foreclosure charges: 2% will be charged on the limit set for the specific year in which the limit is being foreclosed. If any of the borrower is a non individual - 2% will be charged, if the amount pre-paid exceeds 25% of the principal outstanding during a quarter, otherwise no prepayment penalty. The quarter refers to calendar quarter. However no prepayment will be allowed in the first quarter after taking the loan.

If all borrowers are individuals - Nil
No Due Certificate NA NA NA
Solvency Certificate NA NA NA
Charges for Late Payment of EMI Penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s Penal interest @24% per annum i.e. @ 2% per month on the overdue amount/s Penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s
Stamp Duty & other statutory charges As per applicable laws of the state As per applicable laws of the state As per applicable laws of the state
Cheque Bounce Charges Rs 500/- per instance Rs 500/- per instance Rs 500/- per instance
Cheque swapping charges Rs. 500/- plus service tax as applicable Rs. 500/- plus service tax as applicable Rs. 500/- plus service tax as applicable
Duplicate statement issuance charges Rs. 250/- per instance Rs. 250/- per instance Rs. 250/- per instance
Issuance charges for photocopy of title deeds Rs 250/- per document set Rs 250/- per document set Rs 250/- per document set
Credit Report Issuance Charges Rs. 50/- Rs. 50/- Rs. 50/-

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