| Scheme |
Asset Power (Loan Against Property) |
Overdraft Against Property |
Lease Rental Discounting |
| Loan Processing Charges |
1% or Rs 10,000 (whichever is higher)
Upfront processing fee of Rs 5000 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdrawal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement.
|
1% or Rs 10,000 (whichever is higher)
Upfront processing fee of Rs 5000 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdarwal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement.
|
1% or Rs 10,000 (whichever is higher)
Upfront processing fee of Rs 5000 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdrawal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement.
|
| Part payment |
In below scenario 3% part pre-payment charges will be charged if the amount prepaid exceeds 25% of the principal outstanding during a quarter. (Quarter refers to calendar quarter.) No part prepayment is allowed in the first quarter after taking the loan.
1. If primary applicant is a non-Individual (irrespective of end use): 3% foreclosure charge on outstanding principal is applicable.
2. If primary applicant is an Individual with end use as business: 3% foreclosure charge on outstanding principal is applicable.
3. If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution) |
No Part payment charges |
In below scenario 3% part pre-payment charges will be charged if the amount prepaid exceeds 25% of the principal outstanding during a quarter. (Quarter refers to calendar quarter.) No part prepayment is allowed in the first quarter after taking the loan.
1. If primary applicant is a non-Individual (irrespective of end use): 3% foreclosure charge on outstanding principal is applicable.
2. If primary applicant is an Individual with end use as business: 3% foreclosure charge on outstanding principal is applicable.
3. If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution) |
| Foreclosure Charges |
1. If primary applicant is a non-Individual (irrespective of end use): 3% foreclosure charge on outstanding principal is applicable.
2. If primary applicant is an Individual with end use as business: 3% foreclosure charge on outstanding principal is applicable.
3. If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution) |
2% will be charged on the limit set for the specific year in which the limit is being foreclosed |
1. If primary applicant is a non-Individual (irrespective of end use): 3% foreclosure charge on outstanding principal is applicable.
2. If primary applicant is an Individual with end use as business: 3% foreclosure charge on outstanding principal is applicable.
3. If primary applicant is an Individual with end use other than business: NIL (irrespective of the co-applicant constitution) |
| Non utilization charges for overdraft facility (Applicable only for Straight line overdraft facility) |
NA |
If average quarterly utilization is <25% ofdrawing power then quarterly 0.10% will becharged on the difference between actual average utilization and expected utilization (i.e. 25%) |
NA |
| Renewal charge for overdraft facility (Applicable for Dropline and Straight line overdraft facility) |
NA |
0.5% of the drawing power set or Rs 5,000/- whichever is lower plus applicable GST should be charged at the time of each renewal of limit |
NA |
| No Due Certificate |
NA |
NA |
NA |
| Duplicate No Dues Certificate/NOC |
Rs. 50/- per instance |
Rs. 50/- per instance |
Rs. 50/- per instance |
| Solvency Certificate |
NA |
NA |
NA |
| Penal Interest |
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. 339/- per instance |
Rs. 339/- per instance |
Rs. 339/- per instance |
| Cheque/Instrument swapping charges |
Rs. 500/- per instance |
Rs. 500/- per instance |
Rs. 500/- per instance |
| Duplicate statement issuance charges |
Rs. 250/- per instance |
Rs. 250/- per instance |
Rs. 250/- per instance |
| Issuance Charges for Photocopy of Title Deeds |
Rs. 500/- per document set |
Rs. 500/- per document set |
Rs. 500/- per document set |
| Credit Report Issuance Charges |
Rs. 50/- per instance |
Rs. 50/- per instance |
Rs. 50/- per instance |
| CERSAI Charges |
Rs 50/- for Loans upto 5 lakhs
Rs 100/- for Loans above 5 lakhs |
Rs 50/- for Loans upto 5 lakhs
Rs 100/- for Loans above 5 lakhs |
Rs 50/- for Loans upto 5 lakhs
Rs 100/- for Loans above 5 lakhs |
| Equitable mortgage creation charges |
As applicable in the state |
As applicable in the state |
As applicable in the state |
| Switching Fees (Higher Floating Rate to Lower Floating Rate) |
0.5% on outstanding principal with minimum of Rs. 10,000. The lower rate will be equal to the applicable carded interest rate only |
