For Loans with tenure up to 36 months
| 1 Yr MCLR |
Spread over MCLR |
Effective ROI |
Reset |
| 7.80% |
1.45%- 8.20% |
9.25%-16.00% |
No Reset |
For Loans with tenure over 36 months
| Effective ROI |
| 9.25%-16.00% |
| Type |
Charges |
| ROI Min |
9.25% |
| ROI Max |
16% |
| Processing Fee |
Up to 8% of Loan Amount (LA) |
| Documentation Charges |
Rs.1500/- |
| Cheque Bounce/ EMI Return Charges |
Rs. 500/- |
| Cheque / Instrument Swap Charges |
Rs. 500/- |
| Duplicate Statement Issuance Charges |
Rs. 500/- |
| Duplicate Amortization Schedule Charges |
Rs. 500/- |
| NOC |
Rs. 500/- |
| Penal Interest |
2% pm |
| Pre Payment Charges |
Not allowed |
| Fore Closure Charges |
0- 12 Months - 10% of Outstanding Principal
>12 Months - 5% of Outstanding |
| Part Payment charges |
5% of the Part Payment amount |
| Stamp Duty |
At Actuals |
| Issuance of Credit Report |
Rs. 50/- |
| PDD Collection Charges |
Rs. 500/- |
| Legal, Repossession or incidental charges |
At Actuals |
* All of the above charges are subject to change as per Bank's discretion from time to time
* Goods and 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
Apply Now
