For Loans with tenure up to 36 months
1 Yr MCLR |
Spread over MCLR |
Effective ROI |
Reset |
7.40% |
1.70%- 10.60% |
9.10%-18.00% |
No Reset |
For Loans with tenure over 36 months
Effective ROI |
9.10%-18.00% |
Type |
Charges |
ROI Min |
9.10% |
ROI Max |
18.00% |
Processing Fee |
Up to 8% of Loan Amount (LA) |
Documentation Charges |
Rs 500/-
|
Cheque Bounce/ EMI Return Charges |
Rs 500/- Per Instance |
Cheque / Instrument Swap Charges |
Rs 500/- Per Instance |
Duplicate Statement Issuance Charges |
Rs 500/- Per Instance |
Duplicate Amortization Schedule Charges |
Rs 500/- Per Instance |
Duplicate No Dues Certificate /
NOC |
Rs 500/- Per Instance |
Penal Interest |
2% pm |
Part-payment charges |
5% of part payment amount |
Fore Closure Charges |
5% of Principal Outstanding |
Stamp Duty |
At Actuals |
Issuance of Credit Report |
50/- Per Instance |
PDD Collection Charges |
Rs.200/- |
Legal, Repossession or incidental charges |
At Actuals |
Loan Cancellation / Re-booking charges |
Rs 2500/- Per instance
|
Issuance charge for photocopy of Loan Agreement / Documents |
Rs 250/- Per instance
|
* 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