For Loans with tenure upto 36 months
| 1 Yr MCLR |
Spread over MCLR |
Effective ROI |
Reset |
Processing Fee |
Documentation Charges |
| 8.70% |
1.80%- 15.30% |
10.50% - 24% |
No Reset |
Rs .5000 |
Rs 500 |
For Loans with tenure more than 36 months
| Effective ROI |
Processing Fee |
Documentation Charges |
| 10.5% - 24% |
Rs.5000 |
Rs 500 |
Details of Charges:
| Description of charges |
Amount (Rs.) |
| Stamp Duty |
At Actuals |
| Cheque Bouncing Charges |
Rs 500/- |
| Late Payment Penalty |
2% per month
|
| Cheque Swapping Charges |
Rs 500/- |
| Loan Cancellation / Rebooking Charges |
Rs 1000/- |
| Statement Charges |
Rs 500/- |
| Duplicate Repayment Schedule Charges |
Rs 500/- |
| Documentation Charges |
Rs 500/- |
| Duplicate No Dues Certificate / NDC |
Rs 500/- |
| Foreclosure Charges |
5% of Principal Outstanding plus service tax |
| Part Payment Charges |
5% of Principal Outstanding plus service tax |
| Issuance of Credit Report |
Rs 50/- |
* All of the above charges are subject to change as per Bank's discretion from time to time
* Service tax as applicable will be levied
* Part payment will be allowed twice in a loan calendar year and once in loan calendar month
* The minimum amount accepted for part payment will be equal to one EMI & maximum amount will be 25% of balance principal in one year
