For Loans with tenure upto 36 months
1 Yr MCLR |
Spread over MCLR |
Effective ROI |
Reset |
Processing Fee |
Documentation Charges |
8.90% |
1.60%- 15.10% |
10.50%- 24% |
No Reset |
Rs .5000 |
Rs 500 |
For Loans with tenure more than 36 months
Effective ROI |
Processing Fee |
Documentation Charges |
10.50% - 24% |
Rs.5000 |
Rs 500 |
Details of Charges:
Description of charges |
Amount (Rs.) |
Stamp Duty |
At Actuals |
Cheque Bouncing Charges |
Rs 500/- |
Penal Interest |
2% per month
|
Cheque Swapping Charges |
Rs 500/- |
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 |
Part Payment Charges |
5% of Part Payment amount |
Issuance of Credit Report |
Rs 50/- |
Loan cancellation/Re booking charges |
Rs 2500/- per instance |
* 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