For Loans with tenure up to 36 months
| 1 Yr MCLR |
Spread over MCLR |
Effective ROI |
Reset |
| 7.65% |
1.60%- 8.35% |
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 |
Up to Rs 1500/-
|
| 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 |
| Pre Payment Charges |
Not allowed |
| Fore Closure Charges |
0-6 Months – Not Allowed
After 6 Months: 5% of Principal
Outstanding |
| Part Payment charges |
Not Allowed |
| Stamp Duty |
At Actuals |
| Issuance of Credit Report |
50/- Per Instance |
| PDD Collection Charges |
Up to Rs.
500/- |
| 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
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