Charges for changing from fixed to floating rates of interest
Charges for changing from floating to fixed rates of interest
Power Home
1% + Service tax as applicable
Nil
NA
NA
Rs 500 + taxes per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s
Min. Rs. 5000 or 1% of the outstanding amount whichever is higher
Min. Rs. 5000 or 1% of the outstanding amount whichever is higher
Switching Cost:
Switching from the Floating rate scheme to the Fixed rate scheme and vice versa is permissible. If a fixed rate customer wants to reschedule the loan to a lower interest rate, the same is also permissible.
