| 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 |
If any of the borrower is a Non-Individual - 3% 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 Part payment charges |
If any of the borrower is a Non-Individual - 3% 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 |
If any of the borrower is a Non-Individual : 3% will be charged on the balance outstanding.
If all borrowers are Individuals - Nil |
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 : 3% will be charged on the balance outstanding.
If all borrowers are Individuals - Nil |
| 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. 500/- per instance |
Rs. 500/- per instance |
Rs. 500/- per instance |
| Solvency Certificate |
NA |
NA |
NA |
| Penal Interest |
Penal interest @24% per annum i.e. @ 2% per month on the overdue instment/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 per instance |
Rs. 500per 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. 250 per document set |
Rs. 250 per document set |
Rs. 250 per document set |
| Credit Report Issuance Charges |
Rs. 50 |
Rs. 50 |
Rs. 50 |
| 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 |
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